Archived IMT (2009.01.14)

Gold's first 2-day gain in 2 weeks along with troughing stochastics suggest a possible extension towards $850 /oz. from yesterday's 4-week low of $817/oz. Interim resistance stands at $840, but renewed risk aversion could pose substantial obstacle. US retail sales to show 6th straight monthly decline, but figure unlikely to be as negative as Nov, in which case possible stability in stocks could ... You must be a subscriber of Intraday Market Thoughts to read rest of content.