The gold bashers have been successful all day at 'painting
the chart' to make gold look weak, all the way into the close.
There is lots of room for profit taking after a good run up
for many days now, AND the dollar was held fairly steady
in the .7908 area without dancing wildly up and down as it
has in the past few days. That might keep some people calm
enough to keep them from plunging into gold here as a safe haven.
Bonds breaking down badly is a very serious concern as it will
drive interest rate sky high and cripple what is left of this shattered
economy which is on its last leg any how.
Dow very strong so far today. I wouldn't be surprised to see
a big sell off before the close on profit taking by the wise.
Euro has made great gains lately and may go higher in days to come.
Yen collapse is significant as it allows the 'carry trade' to continue
a bit longer where the cheap Yen is borrowed and invested in other
items that provide a better yield.