Monday, August 11, 2008

7:34AM PDST

Gold has continued to weaken, and can easily go lower as selling breeds more selling, especially with the black box trader trading momentum, which is down. All moves are on LOW VOLUME...This can cause very erratic moves! Any rally is only temporary, and can, or will, be sold almost immediately after and rally of sufficient range that would be considered a decent profit. gold is moving higher at this moment, and approaching the first 75% point at 86260. I don't see any reason for a large move up today.

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