If the past is a good guide, we should establish a channel to the upside in gold. If we trade down to the bottom of the channel above the apex of the triangle and bounce, look out for another Swiss franc type announce.
a hard day down in the stock market tomorrow will crash through some serious support on the daily, weekly and monthly. I think that 70% air in the stock market may come out fast.
a lot of financial dead bodies will be floating up next week. A lot of the exchanges have stop limits and thousands of orders are not filled. Mini hedge funds won’t be able to make the call. Look at the forex charts. A real bloodbath.
rno