Thursday, March 5, 2009

9:30AM PST THIS RETRACE BACK UP IS ON VERY LIGHT VOLUME


Gold could move up to the next 75% retrace point
at 93450, but it seems more likely to drop down
on profit taking which the shorts will try to jump
on and drive gold down in a big way before the
close to 'paint the charts' more negatively.
Dollar slips further to .8909
Bonds turning down
Dow turning up a bit
Yen, Euro, Oil going more or less sideways for now