Thursday, November 20, 2008
8:16AM PST POSSIBLE HEAD AND SHOULDER PATTERN FORMING
This is just a possibility among many others.
We all have been wondering why gold hasn't
gone ballistic, but it hasn't because of the
manipulation, and that will continue, until
it doesn't work anymore, which it ultimately won't
Until then, we have to consider all possibilities.
6:05AM PST GOLD PROBABLY GOING LOWER WITH THE DOW
Gold is punching through successive up flags
and will probably have a big sell off from which
it should/could bounce back well.
720 may be the support level (see Dan Norcini),
although 715 is where the 75% retrace point is at 71490
but gold could also retest below 700 again.
Remember, CRIMINALS are running this game
and they don't want to go to jail or be executed.
They will DO ANYTHING to avoid that.
And YOU are expendable to them.
5:53AM PST GOLD RISING SLUGGISHLY IN AN UP FLAG THAT RESOLVES LOWER
Dow is sinking, and gold will go with it, if for
no other reason than being sold to pay for
margin calls in equities, or just pure panic
selling to get cash.
Oil is in the 50's, may break into the 40's just
from lack of demand due to people driving less
because they're broke, rather than due to the
price of fuel.
My neighbor, the trucker, says business is very
lean except for a few military contracts to haul
heavy military things, and oil drilling equipment
to Wyoming where there is a big oil development.
But not enough work for all the truckers out there.
Trucks are getting repossessed in droves.
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