We have a good chance to make a double bottom if previous Low at 234.35 will hold. Friday was just a waterfall dumping of all positions. PPT tried hard to bring markets into positive close last Friday as I have wrote in the middle of the session. DOW 8000 is the line in the sand and 0.82 is a crucial for US Dollar. Gold and Silver were trashed to make the Us Dollar rally more legs. Something coming on over the weekend. Rate Cut and more money pumping as Interbank Guarantee comes to mind. ABX, NEM, RGLD, AUY, SSRI, SLWSaturday, October 11, 2008
Amex Gold Bugs Index HUI previous Low Holds during waterfall.
We have a good chance to make a double bottom if previous Low at 234.35 will hold. Friday was just a waterfall dumping of all positions. PPT tried hard to bring markets into positive close last Friday as I have wrote in the middle of the session. DOW 8000 is the line in the sand and 0.82 is a crucial for US Dollar. Gold and Silver were trashed to make the Us Dollar rally more legs. Something coming on over the weekend. Rate Cut and more money pumping as Interbank Guarantee comes to mind. ABX, NEM, RGLD, AUY, SSRI, SLW
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