Monday, September 28, 2009
GOLD STILL CHOPPING ALONG THE RECENT LOWS AFTER THE THURSDAY/FRIDAY SELL OFF
A VERY VICIOUS DAY OF TRADING TODAY WITH BOTH LONGS AND SHORTS
MAKING LITTLE HEADWAY IN EITHER DIRECTION BUT WITH GOOD VOLUME,
SO THEY WERE BOTH IN THE GAME AND PLAYING FULL OUT.
GOLD UP VOLUME VERY ERRATIC IN SPURTS OF STRENGTH, ONLY BUY THE BIG DIPS
GOLD HITS THE 75% RETRACE POINT, PULLS BACK, MOVES UP A FEW TICKS, PULLS BACK
AGAIN. THIS IS TOPPING ACTION, BUT GOLD IS TRADING CRAZILY TODAY
GOLD PULLS BACK BEFORE THE NEXT RALLY HIGHER
LOOKS LIKE GOLD IS GOING TO BE FIGHTING FOR EVERY INCH
OF UP MOVEMENT TODAY
GOLD IN A TUG 'O WAR HERE, NOT MAKING MUCH GROUND IN EITHER DIRECTION
DOLLAR HAS MOVED UP A BIT AND MAY PRESSURE GOLD LOWER
BEFORE IT CAN RALLY ANY HIGHER
STOCKS FALLING COMING INTO THE OPEN AND TAKING GOLD DOWN
EURO STILL MOVING LOWER
AND GOLD JUMPS UP ON 303 CONTRACTS
THEN FLOPS BACK DOWN TO THE LOW JUST MADE
THE USUAL NASTY GAMES AT THE CRIMEX
OIL IS RECOVERING AFTER A SELL OFF, STOCKS AND EURO TURN BACK UP
GOLD SEEMS TO BE HOLDING HERE AND MAY MOVE BACK UP, BUT IT'S NOT
A STRONG RALLY AT THE MOMENT
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