Friday, August 7, 2009
THE RED UP FLAG RESOLVES DOWN, SO BE CAREFUL
Oil, Yen, Euro moving down
Dollar up
Dow pulling back from the high
Bonds chopping on their lows of the day
Let gold resolve today and trade it next week
even if it falls much lower today.
This is a MAJOR INTERVENTION event today
that will resolve in gold's favor in a day or two
MARKETS ARE BEGINNING TO TURN IN FAVOR OF GOLD
Gold hits the 1st 75% retrace point on light volume
Bonds turn up
Euro, Yen bottom for now
Dow up 140
Dollar hits .7895, will more than likely fall
this afternoon, or by Sunday's opening
BOND, EURO, YEN PLUNGING, DOW SCREAMING HIGHER, DOLLAR HIGHER
Will gold follow the Dow, or the Euro?
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