Friday, February 20, 2009
5:46AM PST ANOTHER NEW HIGH FOR GOLD AT 99890
VOLUME AT THESE LEVELS IS LIGHT
I hate to buy tops, but I've seen gold inch higher so many times when
I didn't buy it, it makes me sick.
Still, I'm standing aside at this level unless I see a spike building.
There was a 300 contract bid at 99760 that just got filled, but
the market didn't explode on it because it was a limit order at a fixed price.
Gold is hugging the highs which are too near $1000 for me to buy,
Bonds are forming a long term HEAD & SHOULDERS pattern, building the right shoulder.
That resolves DOWN. The bond market will eventually collapse driving interest rates SKY HIGH!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment