Friday, April 17, 2009

GOLD PULLS BACK A BIT, VERY LIGHT VOLUME SINCE THE TOP OF THE SELL OFF


Gold down volume hasn't been excessive since the sell off began around 1:20am pdst when it had a big blast of sell volume in the 400 contract per minute range very briefly. This has been a very gradual sell off as weak longs finally panic and sell as gold slips lower.
It should be near the range where the shorts will
want to cover and take their profits. Whether they will shove the longs faces in the mud at the last minute, just to prove who is the big dog, is the question.