Well Colin, ... to follow up on your gold question from yesterday, ... the call we made at $1,302/03 printed (third sentence, Message 29626871 ), ... just as we pointed out, ... gold printed a high of $1,303.60 for the day but failed to hold it, so since it failed to maintain its price above yesterday's center, lower levels are more than likely going forward now, confirmation tomorrow would be yet another failed attempt with yet a lower low.
Those areas we talked about in and around the $1,275/85 is now in play but favorable Geopolitical Events is always a wild card since golds strength right now is mainly due to national and international issues world Governments face, so we keep the $1,320 pivot in mind as things continue to develop in the Middle East, the Dollar dilemma is still of into the future, I dont see it as a threat to gold at this time, the Big-3 is still the leading players in this market but one should slowly be buying physical. |
