This is Goldtrader's New Blog Site.
The old blog would not allow me to post more charts, saying I exceeded the FREE quota of space. Nothing else will change.
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Wednesday, August 5, 2009
GOLD RETESTS THE LOW AT 966, THIS IS A TYPICAL TRADING PATTERN FOR GOLD
It makes a slightly lower low, then rallies as traders see that the base is holding. Volume is still too light for a good rally, so gold may go lower
