Friday, May 8, 2009

THIS RALLY MAY NOT TAKE US UP FURTHER, I EXPECT A PULL BACK TO THE LOW AND MAYBE LOWER


Gold pulls back fast



Volume on this rally was okay, but not the type

that would indicate this was anything other than

the usual bounce off the bottom of a big drop,

although it was consistently light/moderate and

moved up without any pull backs and got quite

high (more than 75% of the last down leg)