Tuesday, March 3, 2009

7:28AM PST GOLD MAKING SLOW HEADWAY BACK UP WHILE BERNANKE IS SPEAKING


At least gold has stopped falling and is edging
back up. It needs to move up faster to keep
traders from getting nervous and selling out
while they have a slight profit. Also, there are
lots of longs that haven't gotten out yet and are
under water that can panic sell if gold moves down
from here.