The other indicator markets don't mean much right now.
This rise was on only 1200 contract up volume in the last 30 minutes (4am to 425am pst)
and even less in the 30 minutes previous to that time segment (3:30am to 4am pst)
Nothing really explains this rise in gold except
PANIC RUSH INTO GOLD AS A SAFE HAVEN!
Dow is down over 135 points but just turned up a bit
Bonds rose with gold but have dropped with a slight up turn
Oil has been trending down short term to the 38s
Yen and Euro just don't matter
In fact NONE of these markets' movements would help you predict gold's movement.
The Dollar's high on Feb 20, 2009 was .8886.
It is currently at .8804 moving up from a low of .8774
Friday, February 20, 2009
4:35AM PST GOLD TOPS AT 9957 FOR NOW AND PULLS BACK
The other indicator markets don't mean much right now.
This rise was on only 1200 contract up volume in the last 30 minutes (4am to 425am pst)
and even less in the 30 minutes previous to that time segment (3:30am to 4am pst)
Nothing really explains this rise in gold except
PANIC RUSH INTO GOLD AS A SAFE HAVEN!
Dow is down over 135 points but just turned up a bit
Bonds rose with gold but have dropped with a slight up turn
Oil has been trending down short term to the 38s
Yen and Euro just don't matter
In fact NONE of these markets' movements would help you predict gold's movement.
The Dollar's high on Feb 20, 2009 was .8886.
It is currently at .8804 moving up from a low of .8774
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