Friday, April 3, 2009
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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