Wednesday, December 9, 2009

GOLD IS TRADING IN A $10 TRADING RANGE TODAY


STOCKS FELL, RALLIED AND ARE NOW PULLING BACK
EURO TOO
OIL SIMILAR BUT NOT AS VOLATILE
THE 'W' PATTERN YOU SEE AT THE RIGHT OF THE TRADING
PATTERN USUALLY RUNS UP THE RIGHT LEG OF THE 'W'
MUCH HIGHER. BUT SOMETIMES DOESN'T GO ANY FURTHER.
GOLD WILL PROBABLY PULL BACK NOW AND COULD MOVE
MUCH HIGHER, BUT I'M NOT TOTALLY UP TO SPEED YET.