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Re: Gold--and the dollar...Wayne
Posted By: hugo In Response To: Re: Gold--and the dollar...Hugo (Wayne Fisher)
Date: Wednesday, 7 May 2008, at 10:50 p.m.
Hope you made a little and got short again.
I was tempted to play the shortterm gyrations. but decided the risk in missing the big drop was too much. Seems to be on the edge of taking us to a new lower level. Any move back below 850 should do it. Goldbugs will throw in the towel.
Gold turned yesterday helped by the euro. Right now oil seems to be holding gold up somewhat. Waiting for that to settle down.
hugo
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