Friday, September 24, 2010

2:15PM PDST AFTERNOON GOLD CLOSE

GOLD WAS SUPPRESSED DURING THE CRIMEX SESSION, SOME PROFIT TAKING TOOK PLACE AND BUYERS STOOD BACK TO SEE WHETHER GOLD WOULD PULL BACK OR CHARGE HIGHER. THIS IS TYPICAL REACTION WHEN GOLD HITS A ROUND NUMBER IN THE HUNDREDS FOR THE FIRST TIME. IT IS PROBABLY GOOD THAT GOLD TAKES TIME FOR  CONTRACTS TO CHANGE HANDS HERE AND BE ACQUIRED BY THE STRONGEST LONGS SO IT CAN CONTINUE ITS RALLY ON SOLID GROUNDS

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