"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

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Wednesday, March 9, 2011

4 Hour Gold Chart


  1. An interesting detail: In the last 7 sessions the bar before the two daily big volume bars were always blue (-> Gold up).

  2. Higher vol on down bars with little price movement might suggest buyers are buying the "pullback"???

  3. One thing about the volume on the downside - The equity markets are pretty much the same way also, as they float higher on no volume, then get hammered with high volume.

    Think of this, whatever or whoever is trying to jam the price down in any stock, any market or futures contract has to sell the bid and get others to sell the bid also. If there are too many bids, well, the price is just going to float higher as all the offers disappear.


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