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To: Rarebird who wrote (5979)	9/22/2010 7:08:55 AM
From: Crimson Ghost	Respond to of 26251

The powers that be usually go all out to suppress gold on FOMC announcement days. The fact that they were unable to do this yesterday speaks volumes IMHO. Gold now is as short-term overbought as it has ever been and a correction is likely to begin shortly. But I expect it to be mild with the breakout point of $1250 providing strong support. After that the sky is the limit if the Fed continues on its destructive course of zero rates and debt monetization and the administration further anatagonizes China.

To: Rarebird who wrote (5979)	9/22/2010 7:40:33 AM
From: Jack of All Trades	Respond to of 26251

Well I was stopped out and re-entered 1.3383, this is also at 80 on Dec futures... You can just about count on the Europeans to jam it after a big move up yesterday. That was my fear for covering late yesterday afternoon, not even getting back to 1.320 was the clue. Would like to see it move back under 1.33 this afternoon.