Monday, August 3, 2009

GOLD BREAKS OUT ABOVE THE INTERMEDIATE YELLOW DOWN TREND CHANNEL TOP LINE


The morning gold spike was very quick, and
apparently taken back in a flash. Gold
is now consolidating at this level for a further
move higher as the Dollar falls lower.
Intervention by the PPT and bullion banks
can, and probably will, screw with the markets
a bit before gold can move higher.
They are probably very pissed that it has moved
as high as it has, but 'insiders', the most powerful
people in the world, are also accumulating their gold
as a safe haven before the paper currencies collapse soon.