Thursday, July 31, 2008

8:22AM PDST

The Dollar has moved up some more to .7246 The Dow is rounding over and should fall Oil still in the 124s gold is playing games with my mind on the way down It is making some really nice up and down moves within the overall down moves that would make some nice change if you could trade them fast enough and are willing to pay the commissions for the extra trades... I still say gold is going to take it all back before the close and then move back up over night...only to make even higher highs tomorrow during the day session. Tomorrow's Reports are fairly important and will move the market at report time at 5:30am pdst Tomorrow's Reports are: Nonfarm payrolls Unemployment rate Average hourly earnings ISMConstruction spending Motor vehicle sales Payrolls and Unemployment will have the greatest effect on gold...

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