> This is a bad place for spot gold right now.

> Well, is any of this really a surprise? I don't think so. I mean, the
> surprise to me was that unemployment didn't grow more sharply... I
> think just a slight increase in factory orders, due out at 10am, is
> all it could take for an early morning reversal.

> Perhaps, I wouldnt be surprised to see gold come down and hit this 915
> again.  I dont think today but perhaps in the coming days.  Gold
> showed some fairly good resistance @915-927....enough for me not to be
> too bearish, its just with a broad market correction I worry a drastic
> pullback could be in the works.  I'm not holding any equity overnight
> until the market shows me how it performs at lower support levels.
> Until than.....Im short.  Although today Im looking at
> BAC.....Everytime Boa corrects it "springs-back" the following
> session.  IDK financials, what a f$%^ing mess.

> On Jul 2, 9:05 am, "B.T." <b.t.hand...@gmail.com> wrote:

> > Well, is any of this really a surprise? I don't think so. I mean, the
> > surprise to me was that unemployment didn't grow more sharply... I
> > think just a slight increase in factory orders, due out at 10am, is
> > all it could take for an early morning reversal.- Hide quoted text -

> - Show quoted text -

> I think anyone playing this week is playing with fire. Until we see
> some clear indication of what is going on I am sitting out. I got out
> last week and I dont think I cold stomach this week if I was in ha.
> There is just too many factors here. You got like no volume, that
> alone makes things unpredictable. Gold and the dollar are both
> hovering. It might make for a great day trade but that is not my
> thing. Next week will clear alot of confusion up hopefully. The only
> bullish thing I see out of gold is that is still is above 900. Its
> summer, and we all know metals die out now. So for it to be holding
> here is quite nice. I would like to see one last dip under 900 so I
> can load up for what I feel will be the "big push"

> Smart move.  If you're trading by the hour/day/week/month sure, when
> you can't find a clear trend, wait it out.  I wouldn't feel
> comfortable trading gold in the short term without a clear pattern.
> Waiting for gold to drop below 900?  Hey join the club, just hope you
> don't miss out when everybody else buys in too.

> If your time horizon is in the years, whether by gold or other
> commodity/currency/property investment, betting against the USD would
> be fairly safe.

> On Jul 2, 8:26 am, Jealous <jealousso...@gmail.com> wrote:

> > I think anyone playing this week is playing with fire. Until we see
> > some clear indication of what is going on I am sitting out. I got out
> > last week and I dont think I cold stomach this week if I was in ha.
> > There is just too many factors here. You got like no volume, that
> > alone makes things unpredictable. Gold and the dollar are both
> > hovering. It might make for a great day trade but that is not my
> > thing. Next week will clear alot of confusion up hopefully. The only
> > bullish thing I see out of gold is that is still is above 900. Its
> > summer, and we all know metals die out now. So for it to be holding
> > here is quite nice. I would like to see one last dip under 900 so I
> > can load up for what I feel will be the "big push"- Hide quoted text -

> - Show quoted text -