Wednesday, May 13, 2009

GOLD IS HOLDING NEAR THE 2ND 75% RETRACE POINT AND NEAR THE BOTTOM RED UPTREND LINE


Volume is almost dead right now
coming into the Crimex close.
Gold might continue to fall after
the close.
Dow plunging, down about 200 points
Euro moving down
Oil plunging too.
Bonds steady at their highs
Dollar goosed again up to .8282
And gold falls into the close on
moderate volume up to about 400 contracts
in only one minute, the other minutes about 200 contracts