Thursday, August 7, 2008

6:25AM PDST

Gold gets hit hard on rising dollar and sinks to 88410 then bounces and is now returning to retest the low. We may see more selling today which is totally opposite to logic after the ECB and Bank of England keep rates steady and Jobless claims skyrocket! Volume is very erratic...maybe 3 minutes of moderate volume up then a sell off and repeat BUT TO THE DOWN SIDE! Who would have an interest in keeping gold low?

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