Gold correction has ended

Not so fast sparrow...

North korea fuels ICBM...

http://www.cnn.com/2006/WORLD/asiapcf/06/18/nkorea.missile.reut/index.html

That should keep it bid a little while... nothing like a nuke attack on US soil to devalue the USD and send people fleeing to hard money in preparation for a global war....

not gonna happen, but you never know...

 

Don't DPRK missiles fly everywhere never hitting their target?

 

Yes. And that's the problem...

"oops, we were aiming for the ocean, not land"

 

I'll have to stick with the old saying:

Sell after Memorial Day come back after Labor Day!

Besides the odds of this thing making a V Bottom here without and consolidation and just resuming a bull trend is very remote.

 

H&S hourly, more price cutting seen.

 

573. Long. I feel a bottom.

 

Woot! Time to go short!

 

You just might be right, after hitting 580, gold has retraced to 572.75. Sold.

 

Interesting, gold is simply not cooperating, but we'll get it one day or another..