Is Gold going to bounce off the Parabolic SAR or punch thorough it?

stops were jumped at 620 and 625....

the trade claimed it was all short covering...likley bullshyt.....

the Iraq war seems to be expanding into the Iran-Iraq-Somalia-Syria-(fill in the blank) war

curious that Goldman reweighted their commodity index to reflect lower crude and product weighting

puts downward pressure on crude and upward pressure on Iran.............

coincidence? there seems to be a string of coincidences in the commodity game

GW to ask for $100 billion more for Iraqistan wars....rewire the printing press from 110v to 440v
 
there was also some fund buying coming in ... they are not stupid

they might have gone long after covering shorts

next week though could also be volatile on a few days

but thats good for me if I remain humble and nimble

:p
 
an opinion........

the Bush admin. is in such a hole that its pulling every string to keep this tinker toy war from turning into World (Religious) War III

the current set of parameters is costing $175 million PER DAY.....

with no end in sight...........
 
Quote from independenceair:

The U.S.D might be overbought near term- could have caused optimism in Gold prices.
More...

good point too and daddy-o - i liked your post. i see the dollar index coming into some sweet resistance and staring to turn down. could see some pounding on the usd next week. i am really excited about gold if it can break 650 area. im willing to take a real whack at it if/when it punches through that area caus e if it breaks that then 720 highs - could be a real nice move...
 
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