Wednesday, March 11, 2009

6:56AM PDST GOLD VIOLATES THE BLUE UPTREND CHANNEL, FINDS SUPPORT ABOVE THE GREEN INTERMEDIATE UPTREND CHANNEL LOWER LINE



The main 75% retrace point at 90030.
there is a lower one where gold will pull back
first before moving higher...IF...it moves higher
This weakness is not good for gold. Especially
after dropping below the 50 day moving average
and stocks moving up. The sheople are in a state
of euphoria that maybe this mess might get fixed
easily without any more pain...
NO SUCH LUCK FOLKS! This is only the beginning
of the hurting.