Saturday, July 12, 2008


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!!

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