Wednesday, May 13, 2009

DOW FALLING, OFF 170, DOLLAR SLIPPING, BONDS INCHING HIGHER


Gold pulls back only 61.8%
so far as volume decreases.
The falling Dow could pull gold
down. The Indicator Markets
are not in much unison today
to provide any certainty as to
which way gold might want to move.
So far, gold has made a very good
move higher for several days amidst
the uncertainty of the other markets.
If this continues, gold could explode
to near the $1000 level again, but would
find some resistance there initially.
It will depend on how badly the dollar is
crashing by then.