Tuesday, August 4, 2009

SHORTER TERM RETRACEMENT POINTS


Gold has only pulled back to the 38.2% fib of
the move up from 93380. With the dollar so
weak, I don't think gold should pull back deeply.
But stranger things have happened in the world
of gold, so be on your toes at all times. It's too
late in the game to take big losses just before
the system collapses. There won't be time to
recover your funds without having to gamble
wildly, which seldom works.