I see today as a repeat of Tuesday - a big fall early, then a rally later.
Gold price is of special interest to me, as usual. If Saracen falls early in the flight to cash, I'll be ready to take a trading parcel in the anticipation of a rally back to the mid 60s. SAR have been mentioned in a broker's reprot as one of the 4 best value gold producers in Australia.
There are buyers in the SAR queue with 100,000 orders ready to pounce on weakness. I believe these are genuine buyers, as are the sellers on the other side providing the barriers to a price surge. Watch the depth for cracks in these lines and be ready to act.
