Friday, August 1, 2008

6:40AM PDST

As you can see on the recent chart...gold is almost at the 75% retrace point at 91760 and is climbing fast and has already pulled back once forming a nice uptrend channel which I will put in the next chart for you but you ought to already know where it is and see it as plain as day. After all this commotion this morning, gold could move up to about 920 and the take it all back like it usually does in NY or go sideways and gradually sink through this afternoon... This action is so crazy a stupid that it is only useful to traders like me who go in an out on these swings and also for you CASH GOLD BUYERS who simply buy very quickly when the price crashes as it did this morning... You should have a system set up to be able to contact your gold dealer and lock in a price immediately and then be able to go pay for it and PICK IT UP AND TAKE POSSESSION....! Read Jim Sinclair's posts last night..... NOTHING AND NOBODY IS TO BE TRUSTED WITH YOUR ASSETS....ANYMORE!

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