Tuesday, September 22, 2009

GOLD TRADING GOT SO BORING I FELL ASLEEP


AFTER HITTING ITS HIGH, GOLD PULLED BACK AND HAD BEEN CHOPPING
SIDEWAYS LIKE IT USUALLY DOES IN AFTERNOON TRADING.
IT WILL PROBABLY MAKE NEW HIGHS THIS EVENING AND OVERNIGHT.
TOMORROW, WHEN THE FOMC STATEMENT COMES OUT AT 11:15PM PDST, THE MARKET
COULD GO WILD LIKE IT USUALLY DOES FOR A AN HOUR OR SO.
LAST NIGHT'S, AND TODAY'S TRADING SEEMS UNUSUALLY STRONG WITH ALL
THE MEETINGS (G20, FOMC, UN) THIS WEEK. BUT GOLD DOES WHAT IT WANTS
WHENEVER IT NEEDS TO MOVE UP (OR DOWN!)