Tuesday, November 10, 2009
GOLD MAY TURN BACK UP FROM THE 75% RETRACE POINT
RIGHT NOW, STOCKS, OIL, EURO HAVE TURNED DOWN
BONDS UP, YEN MAY BE TURNING UP A BIT
THIS WILL REVERSE SOON AND GOLD SHOULD RISE,
PERHAPS TO NEW HIGHS
GOLD MOVES UP ON STRONG VOLUME PAST THE RETRACE POINT, NOW A PULL BACK THEN HIGHER
BONDS, YEN TURN DOWN
STOCKS, OIL, EURO TURN UP
DOLLAR STILL FIDDLING AROUND
GOLD PULLS BACK AFTER HITTING THE 75% RETRACE POINT, MAY MOVE BACK UP, BUT NOT UNTIL THE INDICATOR MARKETS TURN AROUND
BONDS, YEN ARE UP NEED TO COME DOWN
STOCKS OFF
EURO TIPPING DOWN
DOLLAR UP FOR NOW
GOLD NOT SHOWING MUCH STRENGTH PRESENTLY
GOLD WILL PROBABLY GE T PUSHED DOWN TO THE
LAST LOWER 75% RETRACE POINT AT 1092.80 FOR THIS
INTERMEDIATE CYCLE
THEN BACK UP EVEN HIGHER
THEN BACK UP EVEN HIGHER
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