Friday, August 29, 2008
5:19AM PDST GOOD MORNING GOLD BUGS!
TODAY'S REPORTS:
Personal income
Consumer spending
Core PCE price index
Chicago PMI
Consumer sentiment
Today's reports ought to shake the market a bit...which way...who knows?
Gold started its sell off at 4am pdst, rallied a bit and is now selling off on the open.
After the reports it will do something else.
Watch my charts and comments on them as I am far too busy to make detailed comments
here during the day, although I will whenever I can find the time.
The problem is, that as soon as I post a comment...the whole situation changes in the next second.
It is better for me to make more general comments more seldom than the old play by play I used to do, due to this format, which takes more time, even though it has more features.