So when we take a look at gold, this is what I’m talking about. Do you remember when I said, if we fall keep your eye on this. Where I’m looking for the support to come in, was the red line, the 18-week moving average of closes and so far (doesn’t mean I’m right) but so far that’s exactly what’s occurred.
When we take a look at this vertical price break, the market’s getting a bounce off of that. You can see that you’ve got the pattern still of lower highs and lower lows, you haven’t broken that pattern so I don’t know how much leg this market will have to it.
It held again, the 100-day average of closes and it moved away to the right-hand side of the Bollinger Band. It had a one, two, three, what was it, four days under it? Then [the gold market] spun back to the right-hand side. I don’t think it’s yet out of the woods.
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