Thursday, August 21, 2008
4:47AM PDST GOOD MORNING GOLD BUGS!
TODAY'S REPORTS:
Jobless claims
Philly Fed
Leading indicators
Gold did rise last night, first on one big spurt of volume around 11:20pm pdst, then formed
a down flag and broke up out of it to 83370, so far.
Usually, starting around 5am pdst, in ten minutes from now, gold starts to sell off as it moves
into the NY market.
Today's reports should shake the market well at 5:30am pdst one direction or the other.