Tuesday, June 16, 2009

Is it a wrap? LETS SEE

close-notation of gold in usdImage via Wikipedia

Well is it a WRAP or isnt it? Well Mr. Nasty dropped right dead thru its GREEN LINE, and seems to be sinking @ 508, below the GREEN LINE which is at 529, basically 4% below the GREEN LINE. Decisive? I'd say yes, further if the FEDS plan to save the dollar it is logical for the market to decline, which creates the seemingly odd situation of the market and gold declining together, more or less, or is it odd at all?

Basically if liquidity is a part of this play at all, it would not be all that unusual for, in this era, for the general market and gold stocks to decline hand in glove.

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