Monday, November 3, 2008

4:50AM PST GOOD MORNING GOLD BUGS!

TODAY'S REPORTS: ISM Construction spending (Both at 10am Eastern) DID YOU ALL SET YOUR CLOCKS BACK ONE HOUR? My posts will all now represent PST (Pacific Standard Time), unless I forget and put PDST (Pacific Daylight Savings Time) out of habit. Gold has risen since its Sunday afternoon open at 3pm PST. It is now starting its pre-NY sell off having dropped from its morning high of 73950 almost 100% to the first previous low at 73160. Dollar is moving down from its recent highs and the Euro's rally from its recent low point retraced a good bit of it and has now rallied from that retracement, but is looking a bit weak to me. But as you all know things can change on a dime. Look for the markets to all be waiting for the outcome of the election Tuesday. Obama should sweep it and will rile many who will do something ridiculous. If McCain should manage to steal the election, the country may riot, having suppressed their anger at Bush for far too long. I'm voting for Ron Paul as a gesture and thing many more will too and not even worry that it might change the outcome of the two evils that are the finalists in the great Illuminati Fraud Election of 200_ (pick any year!) More as things progress.

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