8:00AM PDST

As you have seen many times gold will take back 100% of the gains it makes in the morning... It appears that may be happening right now. As gold sells off, it makes other traders even more eager to save what profits they still have...so they sell out as gold keeps going lower as more traders sell out...etc.. I am beginning to think that gold will go back down to around 91630 and NOT stop at the 75% point at 92080 or so. The Dollar has moved up to .7334 or so while Oil is staying in the 124s The Dow is holding its rally in the 11500s but will probably sell off towards the close... Anybody who believes stocks are going up is delusional.