Monday, May 18, 2009

GOLD MAKES A BRIEF MOVE UP TO THE 75% POINT AT 93240 ON 2 MINUTES OF MODERATE VOLUME, THEN PULLS BACK


Not what you would call a momentum market right now.
Lanquid markets like this usually wind up selling off due
to apathy. Traders want volume and action, or they leave
to trade something else.
Euro gradually creeping higher,
Dow going nowhere ahead of the open. Now up 56
Bonds took back the up move and have bottomed for the moment
Dollar slips lower to .8280 the most recent low for today
Gold looking like it might want to creep higher as it hasn't
pulled back much since hitting the 75% point, but the volume
is still very light