As Freddie Mac & Fannie Mae continue to struggle, and the DOW broke down below 11,000; the consolidation in Gold appears to be progressing well.
Gold is now just over the $960 mark, and the USDX Index is treading lower.
We could be on the verge of a major break out in the Gold Price here.
The Perfect storm
- Tensions in the Middle East,
- A possible Bailout of the GSEs,
- Surging Crude Oil prices
- A possible DJIA close below 11,000??
Wait and Watch!!