I am very pessimistic about gold moving back up
during this roll over period.
REMEMBER, April longs are SELLING their
APRIL longs to BUY JUNE LONGS. It all comes
out in the wash, but there is selling pressure in
April gold UNLESS there are one hell of a lot of
DELIVERIES that are planned to take place.
Gold is not moving back up here after the pull back
and could form a ledge and go lower.
