Thursday, April 30, 2009
GOLD PLUNGES ON THE CRIMEX OPEN TO JUST ABOVE THE 75% POINT
Dollar has jumped to .8480, currently .8474
Gold is inching higher, but not with the kind of
speed I want to see. Volumes are fluctuating, but
are moderate for now.
Bonds are moving down pretty fast
Euro, Yen are down a bit
Dow is off some, now up only about 110 after
being much higher
Markets moving very fast and I have to watch
this trade closely, so I won't be posting comments
as much until the market cools down
I will just post charts as I find time
Gold is now forming a ledge and could fall lower
off of it, but I hope gold is now building a bottom
here and will move up, as I just lifted the short leg
of my gold spread and am exposed long in a big loss
position and need gold to start moving higher
so I can retrade the short side and make money on
the way up selling and rebuying the short leg over
and over again as it rises and falls