Tuesday, June 9, 2009

NO STRENGTH SHOWING IN THE DOLLAR, EURO, YEN PAUSING AT THEIR HIGHS, BONDS TURN BACK UP, DOW UP 10


Very tricky place to trade gold, it's too high to go long,
and pausing too long at the first 75% retrace point to go
short (never short gold!)
Just wait for gold to resolve in a certain direction to see
where it's going.
The dollar is in big trouble and could collapse, driving gold
much higher a la the Armstrong prediction