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!

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