Friday, May 15, 2009

GOLD MAKING LOWER HIGHS AND LOWER LOWS WITHIN THE LARGER DOWN FLAG...THE DEFINITION OF 'BEAR'


Bonds suddenly drop
Euro, Oil, Dow, all moving down strongly
Dollar moved up to .8281, but has dropped from there.
Currently at .82715
And gold still creeps back up after a shallow dip retracement
of the rise off of 93020 and is moving higher slowly.
A real gambler's market. So far, a 50% retracement of the
whole move down from the day's high at 93480.
The bids near 930 aren't showing, but could reappear if gold
moves lower.