Thursday, May 28, 2009
GOLD WILL PROBABLY SCOOT UP TO THE 75% POINT AT 9575 AND PULL BACK
There have been two clusters of bids and asks of some size
at either end of the trading range. Buys are at 952.7, sells
were at 955, but come and go. Right now gold just sold down
to the lower limit to 9528
Dollar has fallen from its high at .8120 to .8075, currently .8082
Euro rising, but just turned down
Oil rising to 63.90, 30 cents lower right now
Bonds rise feebley off their lows, almost sideways and have
just now turned down.
Gold starting to slip, but may do a quick run up to the 75% point
then take it all back.