6:35AM PDST

gold retraced to just shy of the 75% point at 86450 on light volume and seemed to do it very cautiously.. It also broke just above the very short term down trendline (white line) and has just the minute pulled down sharply below the new short term up line along the recent bottoms of the recent rally to retrace a pinch more tha 75% of the last leg up from 8618.. The lowest 75% point is at 86080 using 85970 (today's low) to compute.. Trying to make sense out of the movement in the other markets is maddening, because just as you think you see a pattern, something wild and crazy happens and obliterates all reason..which is, of course, the point of manipulation... To keep traders off balance! Euro is moving up carefully... Dow is slipping on the open Bonds move up to the 116s (for the umpteenth time/1) Oil in the 115s and has hit 114s earlier. Dollar is at .75985 after moving just above .7610 and then slipping back Gold is now retracing its recent rally to 86420 No pattern or volume of significance to impress me... so I will wait for gold to get hit some more HARD... or it will just creep back up on irregular volume.. Then, for the rest of the week, various reports will move it...