Gold, Currency, Stock Index Comment

Gold has spiked up into the 760's. If it can maintain these gains the Sell Zone will shift dramatically higher for tomorrow (around 790ish). Gold has made this run in part due to the weak dollar/rising currencies (EC and BP are up big today), which was somewhat telegraphed by the recent buy/sell zones.

However, the Stock indexes of late have tended to move with the currencies and gold (and oil to a lesser extent). I wouldn't expect the stock indexes , currencies and gold to continue as they are today going in different directions. Stocks again may join the party on the upside or if not, I would expect these moves in EC, BP and Gold to stall.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results