Friday, April 17, 2009


My indicator markets are not showing signs of
any kind of definite support for gold and the dollar
has risen very high (based on what?)
But gold is so low now, that long term buyers
should be ready to pounce on it any time now.
Gold just ran up to 8744 and stopped dead on light
volume. Now pulling back to consolidate and gain
enough energy to spike up. That could take gold
sideways while it does that and will build the final
right shoulder of the H&S pattern that resolves up