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Message: $830 Gold Cap Finally Broken
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$830 Gold Cap Finally Broken

posted on Dec 15, 2008 05:36AM

It seems the mega-cap at $830 has finally been tossed aside. It held for several days despite the USD falling through support after support. The upside here may be substantial as the FED cuts tomorrow, GS to release extremely poor year-end results tomorrow, OPEC cuts production on Wednesday, and the Madoff fraud unfolds. This is in addition to the usual ultra-negative but still massaged economic data.

Onto $850 - VHF



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