Friday, May 22, 2009

DOLLAR DROPS TO .8001, GOLD FINDS SUPPORT AT 95550


It is starting to look and feel like gold is going to get beaten
down now. How far? I have no clue except to look at the
fib retracement points and watch how fast gold moves and
in what volumes at any point in time.
Euro is near its highs
Oil is turning down from its highs
Dow is slipping from up 40 or so.
Bonds have been going sideways on the lows found after
their big sell off yesterday. They should continue to collapse