The over night price for Gold was interesting,
The dows rally, flushed out the pip traders, only to create a double bottom at 1232.60-1232.80, to finish pretty steady on the day chart, and create a nice inverted head and shoulders,(on the day chart).
Was the dow just a bounce, or what ??
From the high for the year-to the low, its back to about mid way.
Iam sure in the future the Dow will trend higher, and currencies will de-value.
Maybe you could call Gold today as not just a Currency, but insurance,or maybe a Put for the
Stockmarket.
Looking forward to see how the US gets out of the easy money trap,maybe cheap oil will help, maybe the Domestic Economy will show strength in the wake of Europe (Basket case).
Go the Swiss !!
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