GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Tuesday, May 12, 2009
GOLD MANAGES TO MOVE UP TO THE 75% RETRACE POINT AT 9217 ON GOOD VOLUME IN THE FINAL PUSH UP, IT WAS INITIALLY A WEAK RALLY, BUT BUYERS GOT SUCKED IN
Now gold will probably fall back
and may even make new lows
None of my Indicator Markets is
positive for gold to move up...
But gold will do what it wants to do
regardless of other markets
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