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2009 June 26 - Gold #2

All the news were out for now.

Consumer spending is still in a slump. Who wonders? Average americans have lost a lot of money through the crisis. They need to save their money for safety reasons IMO, e.g. for their pensions... Banks don't lend  etc etc etc.

Gold ($943)  bounced off the before mentioned shoulder line and should orientate to the long term support at $937/8. In case of a break we should see $925 and $913. Dont forget IMO...