Friday, January 29, 2010

BONDS, YEN MOVING LOWER, OIL LOWER, STOCKS UP, EURO FLAT


GOLD VIOLATED THE RED TRADING CHANNEL TOP
LINE, SO IT'S GONE. IT MADE A SLIGHTLY HIGHER HIGH
BUT IS NOW PULLING BACK. MAY GO LOWER TO
TEST THE LOWS OR EVEN MAKE NEW LOWS BEFORE
A BIG RALLY MUCH HIGHER IN THE NEXT HOUR.
RIGHT NOW GOLD IS DIRECTIONLESS ON LIGHT VOLUME