Thursday, August 21, 2008

8:40AM PDST

gold rose in a "rhino horn" which is now being taken back in a down flag that will probably retrace to at least 83750 (75%). Bonds made a "fishline drop" to day, rebounded 50%, then faded down. Dow is down and trading sideways. Euro is making a decent climb back but not a rhino horn. dollar fell on its as to .7620 without pause and has just bounced up a bit. No need for PPT support today as no one important is blabbing on T V, or they know now that the minute they let up on the manipulation, the dollar falls like a rock...which it should...and will... After this pull back is over, gold is going to continue to roar for the rest of the year with some wild pullbacks on the way BUY LOW (on the pull backs) AND DON'T SELL EVER AGAIN! And don't be too chinsy about trying to get the best price anymore... just get the coins in your hands at a reasonable price.