Wednesday, August 12, 2009

GOLD RETRACES TO THE 75% POINT AT 94940 AND THE YELLOW DOWNTREND LINE


Volumes are erratic buy bordering on moderate.
Some of this could be short covering to take the
profits they have manipulated so far. This has
been three days of very unusual trading for gold
but when the FOMC report comes out today at
11:15am pdst, the market may/should go crazy
for a few minutes after the report hits the wires.