Wednesday, August 6, 2008

7:50 AM PDST

Gold seems to be having trouble sustaining any rally, even with decent volume when it starts out... The pattern so far is about four minutes of moderate to strong volume, followed by a sell off that either falls off gradually, or plunges like a few minutes ago from 89040 down to 88550 Haven't had time to check other markets, but Euro is now down a little at 1.5383 Oil is at 119 even Dow still in the 11500s at 11532 Bonds at 114.22 Dollar back up to .7435. just under its high at .74375 Not particularly good for gold...but who really cares? The dollar is dead!

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