Thursday, June 25, 2009

GOLD MOVES HIGHER ON LIGHT VOLUME



Bonds are consolidating at their highs
Dow has spiked up out of its consolidation, now up 92
Euro has moved higher
Dollar is slipping back from its 'artificially' induced high
Gold has hit the last 75% retrace point of the recent sell off
and will pull back a bit before going higher.
The later in the Crimex session we get, the less likely gold
will spike during the session. We will probably get a good rise
in afternoon trading if gold stays here during the day session.