GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Tuesday, May 5, 2009
GOLD BREAKS UP AND OUT OF THE DOWN FLAG ON STRONG VOLUME AND APPROACHES THE NEXT 75% RETRACE POINT AT 918
Dollar has dropped to .83755
Bonds move higher to just above previous highs
Oil spikes higher on lower dollar
Euro rising
Yen also rising
Gold tests the high at 9163 and moves a pinch higher
on fairly strong volume for 2 minutes then pulls back
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