Thursday, March 12, 2009
7:40AM PDST GOLD LOOKS LIKE IT IS GETTING READY TO MOVE HIGHER OUT OF THE DOWN FLAG
Lines redrawn on down flag to include new
prices. Possible pull back below down flag, then
a new rally.
Remember that we just had a $32 rally and traders
will want to lock in some of that very quick profit.
Dow has managed to rise to up 77
Oil is rising
Euro is dropping
Dollar spikes higher to .89085 but has pulled
back to .8886 currently
Gold is now pulling back within the down flag
which will have its lines redrawn