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