Friday, April 3, 2009
1,220 contracts jumped in on the low at 8956
and another 549 the following minute.
Then some selling, and it got quiet.
What a day!
It appears that those in power wanted to 'paint
the charts' for the week to look week so it will
'appear' that O'bomb'a will look good at the G20
Sunday and Monday trading should be very telling,
as the G20 meeting will be over and we will all
be able that they accomplished NOTHING!
That, or even made things worse.
GOLD WILL NOT STOP FALLING TODAY...SIMPLY RIDICULOUS!
Maybe we will get a rally after the Crimex close
in a few minutes.
GOLD 'TRYING' TO CREATE A BOTTOM HERE ON LIGHT VOLUME
Violent trading is slowing down now and gold
looks to be moving up gradually. Dollar sank
to .8463, currently .8502
Euro falling
Yen rising
Dow falling, but not off much from yesterday's close
Gold now moving up fast
5:39AM PDST GOLD COULD FALL TO 88330 (61.8%) OR 85630 (75%)
Both of those fibs coincide with successive
bottom lines of two different down flags.
This could be another of those pre-summer
wipe outs that have occurred every year for
the last, at least, five years, then gold zooms
up for the rest of the year. But... I don't think
the economy will be able to last that long.
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