Monday, January 24, 2011

Gold lost support, perhaps egg support, silver likely support

PM bears may get punished here.

There was a similar egg on the SPX, and then instead of falling off the edge of the earth, it ramped like a POMO induced madness.    

However, keep one thing in mind.   Almost all the world's indices ramped along with the US.   this is not just ALL POMO money, this is a real world wide Elliot Wave type move based on mass global psychology.

Scroll down in post below to see the SPX Egg

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Insightful and Useful Comment!