Wednesday, August 13, 2008

5:40AM PDST

Still haven't seen the reports results on MW, but gold sold off on the open down to 82120, quickly bounced, then suddenly sold off again lower to 82050, which is right on the morning's up trend line (light white line) and quickly rallied from there on moderate to strong volume. Euro also rallied some Oil is moving up slightly in the 113s Dow is moving down Bonds are rallying in the 116s Dollar just moved down to .7636 Gold just rallied to match the previous high at 82640 and immediately sold off... Where it goes from here is unknown, but it seems that it will go sideways between the bold blue lines on my chart for awhile until it can build a base sufficient to convince those on the sidelines to move back in... But when they finally do...hang on!

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