Thursday, August 7, 2008

10:33 AM PDST

VERY LIGHT VOLUME on the sell off into the close fairly sizeable bids coming in in spurts so there are buyers here I expect gold to go up after this close gradually all afternoon and over night! dollar makes it all the way up to .7480 before slipping back to .7469 on my delayed charts last minute of trading shows 685 contracts on a down tick some is up and most would be down volume... not abnormal on a last minute of trading, but the price did drop below the blue, very short term, up trendline which will now be redrawn or eliminated because it's so near the recent low at 87650 and gold is now just slipping lower on light volume but with upside bounces...

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