Monday, August 3, 2009

GOLD PULLS A HEAD FAKE, RISES TO ONE TICK SHY OF THE PREVIOUS HIGH, AND PULLS BACK



Good volume here and gold might spike higher,
but when it is stopped at a previous high, instead
of breaking through, I get suspicious.
It appears the bullion banks are intent on holding
gold down during the Crimex session.
The dollar is falling, so there will be a battle and
gold might move higher anyway.
As I type this gold is plunging.