Friday, August 8, 2008
10:50AM PDST DOW SOARS TO FILL GAP GOLD MOVING HIGHER BUT COULD SELL OFF
The Dow has reached up to fill a gap between 11720 and 11705
and has reach 11710 so far...
If it fills the gap, it will probably fall like a rock, maybe even if it doesn't fill the gap
gold, meanwhile is susceptible to a sneak attack of selling as you have seen on recent days...
offsetting that is the war between Russia and Georgia, always good for gold...
Hell, everything' good for gold!
Euro is still falling and seems to have detached from gold on interest rate differentials
Oil is building a base, or a ledge, one to go up, the other to fall from
gold is now approaching its recent high and could suck some more buyers in just
before the shorts try to drop it heavily...
We shall see!
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