Thursday, October 30, 2008

5:00AM PDST GOOD MORNING GOLD BUGS!

TODAY'S REPORTS: Jobless claims GDP At the moment gold is falling with the Euro which is backing off a bit during its recent big rally off its low of 1.2326, currently 1.3061 The Dollar is up from its low of .8375, currently .84675 Today's GDP number may move stocks, but I don't know about gold. Gold is completely manipulated, so it's not really going to move in either direction for long without being hit by the other side. We just have to suffer through this battle as the forces of NORMAL economics takes over from the manipulators who can't really move anything in any direction for very long, and only create opportunities for those who understand FUNDAMENTALS. Right now gold is getting beat down on light volume 15 minutes before the day open and I have to lift my short leg at the bottom.

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