5:20AM PDST GOOD MORNING GOLD BUGS!

Gold moved up early this morning and just did a blow off spike up before it sells off before and during the NY open. TODAY'S REPORTS: Jobless claims GDP The dollar is off, but not dramatically right now. Euro had moved up with gold Oil is in the 119s due to the hurricane approaching the off shore rigs and has some effect on gold, but the major influence is still the dollar and inflationary policies (mostly bailouts of failing companies,etc.) I expect a big sell off after the jobs report at 5:30am pdst, then a good rally holding most of the day. Friday is the last pre-Labor Day trading day and may be a short day, although gold will be trading until 2:15pm pdst electronically and will also trade Sunday afternoon on Globex even though the market will be very thin and susceptible to volatility because of that thin volume, although I don't expect anything unless the hurricane did something outrageous an completely destroyed many oil rigs. My comments will have to be fewer because I am trading the short leg of my hedge for all it's worth. It would be nice to see more of our old MW members participate on these blogs, so contact some of them on MW email and ask them if they ever visit these blogs. I will be able to track our viewers soon with a new feature coming up from Blogger. The amount of viewers and participants we have is going to determine just how much time I invest in this endeavor. I see that many of our old members are posting on Silver Lining (Draco's Group) and also some that have posted that they have completely given up on MW due to the censorship and policies. Gold has just spiked up on the opening and will sell off rapidly. Wait for the pull back to buy in.