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05/16/08 10:23 AM

#39534 RE: ItsAllCyclical #39533

Wouldn't really change anything if gold closed at the highs today it would as you mentioned allow to short a portion more. Purely TA on gold, i'm not smart enough to figure out the daily ups and down in oil etc. Gold is / was due a bounce and then the correction should continue. The trade down to the mid 850-860 level was a spot that was going to be bought regardless of anything else I just don't see the bounce continuing as there is still too many gold bulls looking for 1500 on pog soon. It needs to puke a bit first.