Tuesday, August 18, 2009

GOLD SUDDENLY SPIKES AT AN UNUSUAL HOUR


Gold moves above the 75% retrace point at 94240
Next top to exceed is at 94620

GOLD HASN'T BEEN BASHED MUCH TODAY AND HAS STAYED INTHE BLUE UPTREND CHANNEL


Gold will probably rise after the Crimex close and in
overnight trading.

GT GETTING SOME SLEEP AFTER BEING UP TWO NIGHTS IN A ROW


Gold not doing much right now. Made a nice gradual move up
last night up the white up trend channel, then fell out of it
just as I couldn't stay awake any longer.
This market has me baffled. I can't predict anything so I'm
keeping my powder dry until I'm sure we have a good bottom
put in. I still fear a huge drop before the big rally for the
rest of the year and maybe more.