Friday, August 21, 2009

GOLD CREEPS HIGHER IN AFTERNOON TRADING AS GOLD APPROACHES THE CLOSE FOR THE WEEKEND



Gold is about to break up and out of the white down flag
as it moves higher slowly in the blue uptrend channel
of late afternoon trading. The shorts were not able to
push gold back down after its large up spike this morning,
a good sign for gold's ability to move higher next week