Gold moves lower. Volume is very light
Dollar is rising some. Hits a high at .857, then
pulls back to .85195 currently.
Euro is moving down after retracing at least 75%
of the most recent intermediate down leg.
Bonds moving down after a 75% retrace of the
last down leg that took out the previous low point
at 124'005. Bonds will eventually collapse driving
interest rates through the roof and possibly the
Yen is moving down right now after failing to take
out the previous high by about a tick. Significant
when a previous high is not taken out, although
the Yen has been in an uptrend for some time.
Oil, after a good run up from 49 to the 51s, has
now moved down to the mid 50s rather precipitously.
The Dow is down 108 and the S&P is down too tonight.
Gold has been making a steady and gradual decent to
a pinch lower than the 38.2% fib of the up move from the
lower level of the opening gap to the recent high at 91970
(and is now moving lower close to the 50% fib.)
Not a convincing pull back, so gold could continue back up
although, there is lots of time between now and tomorrow's
as I have typed this and is just now turning up.