Monday, April 27, 2009

GOLD TESTS THE RECENT HIGH AT 9091 AND FALLS BACK




The Indicator Markets have reversed again.

Dow is moving higher, now off only 66 points

Oil still up a little.

Yen, Euro and Bonds all turning down

Dollar off its high still, but jumped from .8542

up to .8558, then pulled back again to .85505

Gold is in and UP flag that resolves down.

I sense that gold is going to fall from this level

a great deal before moving up to new highs.

Just a 'gut feeling'.

Volume is very light and trading is slowing in

activity.