Tuesday, June 19, 2012

1 hour look at spot gold

6/20 update - 1618 failed

5 min GC
doesn't make much sense does it? 100 point up move.. 90 point down move.. 70 point melt up? now what? 1618 fails = 1600? or will Bernanke turn on the presses tomorrow and we see 1700's?
1 hour GC - note the volume on 6/1 and 6/7 BOTH days of QE rumors...