Wednesday, August 6, 2008

9:00 AM PDST DOLLAR GOOSED EVEN HIGHER TO .7445 GOLD FLOPS BIGTIME...MORE DOWN TO GO?

Gold tumbles to 88150 Dec.. Is digging deep to find some buyers here volume is light 100 to 200 contracts per minute...very cautious a little more up movement finally after building another ledge that it could fall off of if the longs don't get busy and buy in. dollar pushed way up but fades right away just a bit Euro sinking, of course...it moves with gold. or vice versa.. And gold just gets hit with a strong dose of sells and gets knocked lower more shortly...

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