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Head fake
posted on
Jul 10, 2008 05:15AM
Was yesterday afternoon a head fake?
I think so. The HGD soared to green at the last of the day, but gold is not taking the bait.
USD 3 times .73 I recognize it as noise but like any weather report it is good to watch the pressure/temp change to gauge the severity of the wind. They can hold their hand on the thermometer (Gold) all they want but the barometer (USD) is still falling.
Lets see if the yesterdays sellers become todays buyers.
