Gold could be in big trouble tonight. It should be obvious what could be happening now. Another concerted defence of the US dollar, which is now firming. Mr. Stolwyk, refuses to respond to my sensible comments. Well, that's his preogative. But I do think he might be concerned about the possibility of a big US dollar rally - even if it is a bear market US dollar rally - because it could smash the price of gold shares. That could be why gold is currently so weak with a US dollar index below 82 and gold shares even weaker. There could be a general market belief that 80, 81 on the US dollar index is going to be defended to the death. You only have to look at long term charts to see the major support at that level.
