GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Tuesday, January 27, 2009
6:27PM PST GOLD SUDDENLY DROPS RETRACING 61.8% OF THE WHOLE LAST INTERMEDIATE UP LEG
Dollar jumps up a bit then immediately falls
to .8466.
Euro is now moving up
Yen down.
Oil moves up into the 42s
Gold should move back up from here.
It just can't quite make it to the 75% retrace point
at 90550 and has been stopped twice at 90520
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