Wednesday, April 29, 2009

GOLD SELLS OFF ON THE FED STATEMENT MORE BECAUSE OF THE BONDS THEY ARE GOING TO BUY DRIVING INTEREST RATES DOWN


Gold trading volume is settling down a little
and appears to have bottomed at 8931 and is
trying to get some traction there to move up,
but may sell off some more. This is just panic
trading.
Bonds falling
Dow active at near up 200 but chopping sideways
Yen and Euro fall
Oil pulls back
Dollar fell to .8424 suddenly, then just as suddenly
rose .8498 in ONE MINUTE, and is now trading around
.8482 in a frantic manner



After all this gold selling is over, it will buy right


back up when the bottom pickers move in.