Tuesday, May 5, 2009
GOLD NOT MAKING MUCH PROGRESS HIGHER, FINDING RESISTANCE AT THE BLUE DOWNTREND LINE
Volume is very light an hour before the Crimex close.
Bonds have been thrashing up and down today, currently
down.
Dow hasn't been higher than up 50 points today after
coming back up from much lower levels, currently off 8 points
Euro currently coming back up from a large sell off earlier but
is just now hooking down
Yen is in its second up leg after a sell off earlier
Oil is now making lower lows after a good run up to the high 54s
earlier.
Dollar bottoms at .83945 and rises a bit. currently at .84015