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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