Wednesday, March 18, 2009

7:06AM PDST GOLD HAS RETRACED BELOW THE 75% POINT (90350) AND RALLIED


Dollar falls to .8658

Gold breaks up and out of the little blue down
flag, but the larger white uptrend channel
resolves down. This is a very uncertain market
given everything that is going on today with the
FOMC meeting. The lemmings are all waiting for
what emerges from that meeting. (Good news?....
NAH!)




This pull back has formed a down flag.


Dollar fell to .8669, vurrently at .8676


Bonds, Yen, Euro all up


Dow down


Oil pulling back


Just wait for a big pull back to buy in to


JUNE'09 GOLD.


April gold is too close to


First Notice to trade safely