Thursday, October 29, 2009

WHITE DOWNTREND CHANNEL/DOWNFLAG RESOLVES UP, BUT SMALLER RED UPFLAG RESOLVES DOWN


GOLD HAS RALLIED STRONGLY 2/3s OF THE WAY BACK UP THE BIG SELL OFF

AND IS CONSOLIDATING HERE FOR A MOVE HIGHER.

HOWEVER, THE SHORTS COULD POUND IT BACK DOWN AT ANY TIME.

SO FAR, THE DOLLAR'S FALL BACK DOWN SHOULD SUPPORT HGHER GOLD

AS HAS THE TRADING OF THE EURO, OIL AND STOCKS TODAY ALONG WITH

BONDS AND THE YEN BY MOVING LOWER.

STOCKS APPEAR TO ONLY BE IN A 'BEAR RALLY' WHICH SHOULD RESOLVE DOWN

MUCH FURTHER, ALTHOUGH CHEAP 'INFLATIONARY PAPER MONEY' PUTS UPWARD

PRESSURE ON STOCKS. DOWN WILL WIN IN THE LONG RUN.