Tuesday, May 5, 2009

GOLD MOVING UP ON LIGHT VOLUME VERY CAUTIOUSLY


Gold dropped $7 on over 1800 contracts in ONE MINUTE
But on the way back up it to FIFTEEN MINUTES to
generate 1200 contracts of volume, and not all of it was Up
Volume. Gold may very well fall more before the afternoon
2:15pm pdst close. There shouldn't be much action until
after 4:15pm pdst and especially not until near midnite pdst
Over night should be interesting.
Between 4am pdst and the Crimex opening tomorrow should
be worth watching, as something similar to today's move
could happen again but not in the same way or at the same time
as that would be expected after today's preview.