Tuesday, November 3, 2009

GOLD IS EXHIBITING TOPPING ACTION BY MAKING A SLIGHTLY HIGHER HIGH THEN PULLING BACK


GOLD COULD JUST RANGE TRADE HERE AND
CONSOLIDATE FOR A FURTHER MOVE HIGHER.
THIS APPEARS TO BE A REACTION TO THE INDIA
PURCHASE OF GOLD FROM THE IMF. THE OTHER
MARKETS AREN'T REACTING TO THIS MUCH SO
THEY AREN'T GIVING ANY CLUES TO WHICH WAY
GOLD IS GOING TO MOVE. I AM INCLINED TO THINK
PROFIT TAKING WILL BEGIN SOON.