Thursday, July 30, 2009

A NORMAL PULL BACK FROM THE HIGH




Gold may find support here in the area of the

red top line of the down flag just exceeded

5 MINUTE BOND CHART, BIG BOND SPIKE


The Treasury Department sold $28 billion in 7-year notes on Thursday at a yield of 3.369%.

THE BOTTOM LINE OF THE RED DOWN FLAG HOLDS


Euro moves back up
Dow holding its highs
Oil on its highs
Yen down
Dollar still down
Bonds move lower again

DAN NORCINI SAID YESTERDAY IN HIS COMMENTS THAT RESISTANCE WAS AT 940


Looks like The Boyz at the Crimex are going
to keep gold capped at 940 for today's session
unless something dramatic happens before the close

GOLD PULLS BACK BEFORE MOVING HIGHER


Dow and Oil appear to be topping
Bonds bottoming after taking the whole up move back
Dollar slipping lower