Wednesday, April 29, 2009

GOLD BREAKS OUT OF THE BLUE DOWN FLAG TO A NEW HIGH AT 904 ON MODERATE VOLUME


As soon as gold gets away from the Crimex, it
goes higher. Funny about that!
Dollar still forming a ledge to fall from.
Currently at .8443
Euro moving sideways at its day's highs
Bonds have been moving down for some time
and just dropped precipitously then rallied.
The Fed announcement is affecting the financial
markets as gold is trading wildly for
the last few minutes and is dropping fast
Dow is up 180 or so
Oil has moved up to the 51s