GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Wednesday, May 27, 2009
GOLD HEADS RIGHT FOR THE NEXT 75% RETRACE POINT AT 9559, HITS IT AND PULLS BACK
Next 75% point is at 958 for this intermediate down leg
from 96460 to 93820
Dollar falls to .8026
Bonds suddenly drop to their lows after a brief run up
Euro still moving up
Yen turns up
Oil turns up a little
Dow slightly positive at up 6 or so
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