Wednesday, July 22, 2009

I JUST SAW ABOUT 350 SELL ORDERS SHOW UP JUST ABOVE THIS LEVEL THAT INSTANTLY DISAPPEARED

That could be a short tactic to scare longs into giving up their positions.
It's an old trick to put in the sell orders and pull them after they get the
market moving the direction they want as scared traders bail out in anticipation
of larger forces hitting their positions.

October gold is actually moving up as August rolls over in anticipation of
First Notice day on the 31st