Monday, August 18, 2008

4:55AM PDST GOOD MORNING GOLD BUGS!

TODAY'S REPORT: Home builders' index 1PM EST Once again, as gold moves into NY trading, usually at the 5am pdst hour, gold starts selling off. Overnight, since the Sunday afternoon opening, gold made steady increase only to begin doing its retracement around the midnight pdst hour as gold became active in Asia. Are the Big Boys trying to manipulate gold even in the Asian Markets? I'm sure Sinclair will soon comment on that. Should be a fairly boring morning for gold with no reports to react to early. However, the Pervez Musharraf resignation might be the cause of gold selling off as people "might" be thinking that tensions in the World have been reduced... Hahahaha!...just wait folks...you ain't begun to see tension yet!