Tuesday, August 5, 2008
10:15AM PDST GOLD HAS SLOWED TO A CRAWL BEFORE THE CLOSE
Well, I can't imagine what Dan Norcini would have to say about today's gold market.
Unfortunately, he is hunkered down under the hurricane blowing over Houston, TX right now.
I'm sure he will do his best to post something soon, but after seeing what storms are like
down there, I'm sure his family's safety comes first.
Gold has almost ceased trading judging by the volumes since 10:00am pdst
only 1.8K so far (15mins)
From 9:00 to 10 volume was 8.03K
From8:00 to 9 it was 26.3K
And you can see that was almost ALL DOWN VOLUME!
DOES THAT MAKE ANY SENSE TO YOU?
NOT TO ME.
But that's what Guv'mint thinks is a "free market"...
THEY ARE "FREE" TO INTERFERE IN IT...
to save their criminal asses!
I have re-drawn all the TRENDLINES that needed adjustment
to accomodate the trading action so far today...
Sometimes I leave the old trendline in position so you can see
how much it has been violated in either direction...
But after a while, they need to be redrawn, because the
TRENDCHANNELS have changed...
After all, they are only TO KEEP YOU IN THE BALL PARK
so you can see where the MAIN ACTION is taking place.
more on the other markets shortly...
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