Monday, May 4, 2009

GOLD FORMS THE USUAL DOWN FLAG WHICH COULD RESOLVE UP, BUT I THINK GOLD WILL MOVE DOWN BEFORE MOVING HIGHER


Gold will trade up and down within the down flag
and then either collapse, or spike higher.
Hard to tell right now which direction seems
more likely



How many times do we see these up spikes,

only to see it all taken back from profit taking

and manipulation at the Crimex.

Although, this time the Dollar is in a state of collapse

right after the obvious PPT boost this morning, and

Oil and the Euro rising well.

A rising Dow could help drag gold up, but I think is

less relevant than Oil, the Euro and the Dollar's actions.

Getting very crazy, isn't it, folks? You ain't seen nuttin' yet!