Tuesday, April 7, 2009

GOLD DOES SPIKE UP TO A NEW HIGH BUT IS SOLD OFF IMMEDIATELY, CAN IT RECOVER AND GO HIGHER?


Gold finds support (for now) at the top blue line
of the down flag, as should be expected if it's going
to move higher. The light volume is the big drawback.
The other indicator markets are not supporting a
move up in gold, but gold has a mind of its own
when it has to.



Dollar is slipping lower, currently at .85505