Monday, August 11, 2008

10:45AM PDST

We've just seen the sell off before, into, and after the day session close. Not a strong bounce off the new low though... While volume is moderate to strong at times, it's not consistent enough to make me think that buyers are going to pile in here. Euro is down to 1.4873 Oil at 113.10 Dow is screaming at 11834, mostly on hot air and bullshit... Boy are those buyers going to get killed soon! Bonds in the 115s, down from the 116s earlier Dollar has been up to .7655 top, but is now down to .76455 on my delayed charts. Quite a day...and now for an equally exciting afternoon and overnight to see what Asia does... You can be sure their stocks will probably soar... But what will the East do about a bargain price on gold? They're not stupid folks! They understand gold WAY BETTER THAN AMERICANS DO!

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