Wednesday, June 3, 2009

GOLD DROPS EXACTLY TO THE BOTTOM RED DOWNTREND LINE, NOW BUILDING A BOTTOM, OR A LEDGE TO FALL LOWER


This is a difficult time to bet on a bottom as the Crimex
open creates such violent trading in such a wide range.
A buy here is probably pretty good, but the Dollar has gotten
quite a goose this morning. It will probably fall like a rock today.
Dollar ran up pretty quickly to about .7910, then dipped hard,'
then ran right back up to .7910 again plus a few ticks and is
holding just below that area for now. It is pure PPT support
and nothing else! Who the hell wants a paper dollar now?