Thursday, May 21, 2009

GOLD RISES INTO THE CRIMEX CLOSE, THEN SELLS OFF 61.8% OF THE UP MOVE


Gold seems to be find support in the area of the blue and
thick white uptrend top lines aroun 950. We'll see if that
support holds this afternoon. With the dollar collapsing
every day lower and lower, the Euro zooming up today
and the Dow down a good deal, it just may be that we don't
get any big pull backs in gold on its way back up to 1000 and
higher.