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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