Monday, April 27, 2009

GOLD SUDDENLY SPIKES TO NEAR THE 75% RETRACE POINT AT 91210 ON 1000 CONTRACTS, THEN CONSOLIDATES




Gold moves higher than shown here to 91250,

on 3 minutes of about 250 contracts each minute

A bit of a sucker move as buyers jump in at the

top of the spike. Now gold may pull back and even

fall further...but could rise further also...a total

gamble to trade in the short term

Yen and Euro turn up

Bonds turn back up

Dow turns down

Dollar still at .8552