Thursday, August 21, 2008

5:19AM PDST

Ten minutes before the NY open (5:10am pdst) gold makes a bold move up on over 1000 contracts to 83550. When the reports come out, no matter what they say, gold will probably get hit lower... then rally more during the day. On the opening, gold moves up on strong volume to 83670 before pulling back. Dollar is rounding over and is falling... Euro is rounding UP and starting to move higher, but very slowly Oil has jumped up to the 118s and is pulling gold higher (maybe, but it helps!) Bonds are in the 118s Dow is in the 11340s and will probably fall today unless the dollar gets a goose from the PPT and central banks. At 5:29am pdst, gold is falling rapidly into the Reports at 5:30.