6:39AM PDST

Gold is pulling back because it lost its momentum upwards, even though a tremendous amount of buyers appear to have jumped in on the opening up to the top at 82840... Gold has now formed its usual down flag and has dropped below the bottom line of the up trend channel, but is still within the down flag where it may consolidate for a further run up.. It has retraced down to the first 75% point at 81970 (there are more below) If it doesn't start moving up soon, it could flop back down to the earlier lows, or it could just keep trading sideways building a base. Dollar has been up to .7678, but is down to .7626 presently. Euro is up from its low at 1.4785 Oil is coming back up from its low in the 112s, now in the 114s Dow is down after the opening and breaking down through 11700 level Bonds in the 116s and have been moving up in cycles from the 115s