Thursday, April 30, 2009

45 MINUTES BEFORE THE CRIMEX CLOSE


Dollar is up to .8496
Bonds have moved up
Dow is now down to on 30 points up since yesterday
with over 3 hours left in the day session
Euro is trending down from its highs
Yen is slightly up to sideways
Oil is dropping
Gold just jumped up to its recent high at 8878
on about 218 contracts (what I call a 'spurt' of volume)
and fell back a bit.
Will it punch through now and go higher, or
will gold sell off before, or into, the close?
Volume is VERY LIGHT, except for those 'spurts'
and gold is approaching the next 75% retrace point
at 8888