Sunday, September 6, 2009
GOLD PULLS BACK TO THE 1ST 75% POINT, MAY GO BACK UP NOW
Data on the dollar is not available right now.
Euro is rising slightly
Oil is making some little up moves
Stocks trending down gradually
Bonds also trending down
Yen not doing much
These markets could all be fairly quiet during
OUR Labor Day Holiday, but remember, it's
NOT a holiday for other countries, even though
our markets are the largest and most traded.
GOLD PULL BACK IS SHALLOW, THEN MOVES UP AGAIN
Trading volume is light, but not unusually light
for a holiday weekend. We may see some good
movement as the G20 meeting produced nothing
constructive, as expected. People are beginning to
see the collapse coming and should start moving
into gold along with the various funds that must
be moving in now to have made gold rise so well
recently.
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