Friday, February 20, 2009
6:03AM PST BONDS MOVING UP, DOW AND OIL DOWN, YEN AND EURO DOWN
DOLLAR HITS .8829
CNBC IS SAYING GOLD IS NEAR $1000...IT'S NOMINAL HIGH!
IT'S BEEN HIGHER THAN THAT ON THE APRIL09 CONTRACT BY $50
BUT THEY ARE PROBABLY TALKING ABOUT SPOT GOLD
ACCORDING TO MY DATA
GOLD JUST HITS $1000.30 AND DROPS TO 997 THEN RISES AGAIN
THIS IS AN EMOTIONAL LEVEL FOR MANY PEOPLE AS THEY DON'T WANT
TO GET LEFT BEHIND AND LOSE THE VALUE OF THEIR PAPER ASSETS,
BUT THIS IS WHERE MANY WILL BUY ON MARGIN AND GET CREAMED
WHEN THE PROS DROP THE MARKET ONLY TO RUN IT BACK UP AGAIN!
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