Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Wednesday, April 8, 2009
THIS NEW BLUE DOWN FLAG RESOLVES UP, BUT IT IS WITHIN TWO LARGER UP FLAGS THAT RESOLVE DOWN
Gold retested the low, went a bit lower, and is now rallying. How high, I don't know. These patterns give me the feeling that gold is still going to make some new lows before we get the BIG RALLY up to new historic highs.