the market was to turn around and fall below the $1680 level, then it opens up a massive amount of selling as the market could simply fall apart at that point. This is simply going to be a function of interest rates and the US dollar, right along with gold demand itself. I think at this point, we are in the process of trying to save the market, and the weekly candlestick from the previous week was a good start, but when you look at the overall attitude of the markets, it is obvious that we have a lot of uncertainty ahead, so it might be a bit difficult to trade gold with any type of size in the near term. I believe that you need to pay close attention to the yields in the 10 year note, because as those yields gain, that works against gold.
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