Saturday, January 31, 2009

current $GOLD charts





Hitting extremes of upper trendlines now...

It's uncommon for a Bear market in any commodity to end before the .5000 node, and we haven't cleared the .2500 nodes yet. Though many are calling for an immediate new bull market in $Gold, I remain skeptical....

I still expect the stock market to fall soon, the dollar to go up in response, and $Gold to resume it's correction....

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