us economy: outlook negative

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    Things are looking particularly bleak on the US markets at a time when the market is usually at its most positive.

    The Dow was down 82.55 to 8364.80. Dow closed below its 50-day MA and below its first support. Head-and-shoulders pattern in the Dow near completion.

    The gold/dollar index was up but xau and hui both down. even though gold is bustin' out all over, there's a lot of fear out there. Gold is still not on the lips of your average investor.

    Bear market in full swing with no sign of respite for the forseeable future. Gold is for the patient.

    Chuck
 
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