Thursday, December 31, 2009

2:15PM PST AFTERNOON GOLD CLOSE


TRADING RESUMES SUNDAY 1/3/10 AT 3PM PST

GOLD SLIPS LOWER APPROACHING THE AFTERNOON CLOSE


THE CRIMEX CLOSE


NOW GLOBEX TRADES UNTIL 2:15PM PST.
MARKETS THEN CLOSE UNTIL SUNDAY AT 3PM PST

A HALF HOUR MORE OF CRIMEX SESSION THEN GLOBEX TRADES UNTIL 2:15PM PST


15 MINUTE MARCH 2010 TBOND CHART (delayed prices)


15 MINUTE MARCH 2010 S&P 500 CHART (delayed prices)


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD DROPS FURTHER


GOLD KEEPS MOVING HIGHER


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)




GOLD HITS THE 75% RETRACE POINT


STOCKS, OIL, EURO, YEN MOVING LOWER


THE DECENT CONTINUES


GOLD NOW IN A DESCENDING TRADING RANGE


THE BEARS CONTINUE THEIR DAILY GOLD BASHING


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD RALLIES QUICKLY ON LIGHT VOLUME


GOLD FALLING QUICKLY


DOWN VOLUME IS MODERATE AND NOT VERY STRONG
ON THIS SELL OFF, BUT GOLD IS MAKING SOME DISTANCE
WHICH MAY MEAN LOTS OF SELL MARKET ORDERS
SUCKING UP JUST A FEW BUY ORDERS OVER A LARGE RANGE

HOW FAR DOWN CAN GOLD FALL THIS MORNING?



WE WILL HAVE TO WATCH GOLD FALL TO EACH
RETRACE POINT

GOLD MOVING A BIT LOWER ON JOBS REPORT



Weekly unemployment claims drop 22,000 to 432,000
Story Comments Screener
Alert Email Print
ShareBy Jeffry Bartash
WASHINGTON (MarketWatch) -- The number of people filing initial claims for state unemployment benefits fell to a seasonally adjusted 432,000 in the week ended Dec. 26, the Labor Department reported Thursday. Economists surveyed by MarketWatch expected initial claims to decrease to 455,000. The four-week average of initial claims dropped 5,500 to 460,250. Meanwhile, the number of continuing claims in the week ended Dec. 19 declined 57,000 to 4.98 million. The four-week average of continuing claims fell 122,500 to 5.1 million. The gradual decline in continuing claims over the past few months suggest companies are no longer getting rid of workers, and may even be hiring. Yet year-end data tends to be especially volatile because of holidays, bad weather and other one-time factors, economists say.

GOLD RISES THE 1ST MINUTE OF THE CRIMEX SESSION, THEN FALLS




15 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO FORMS A FLAG AFTER RISING OUT OF A
HEAD AND SHOULDERS PATTERN. SHOULD MOVE
HIGHER OUT OF THE FLAG CONSOLIDATION

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


5:02AM PST GOLD CONTINUES LOWER AHEAD OF THE CRIMEX OPEN


GOLD HASN'T FALLEN AS MUCH AS I WOULD HAVE
EXPECTED IT TO FALL AHEAD OF THE CRIMEX OPEN
BUT THERE IS STILL PLENTY OF TIME FOR THAT TO
HAPPEN. IT SHOULD GET BASHED ON THE OPEN AS
THE BULLION BANKS DO THEIR USUAL JOB OF KEEPING
GOLD DOWN DURING THE NEW YORK SESSION

GOLD MOVES LOWER MORE QUICKLY AS VOLUME INCREASES


HOURLY EURO CHART


EURO IS MAKING A FLAG TO MOVE HIGHER BUT
MAY MOVE DOWN IN THE SHORT TERM

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD HITS THE 75% RETRACE POINT AND TURNS BACK UP, BUT STALLS AND MAY MOVE LOWER APPROACHING THE CRIMEX OPEN


4:00AM PST GOLD CONTINUES LOWER


GOLD STARTS TO GAP LOWER, COULD BE THE TOP AHEAD OF THE CRIMEX OPEN


EXPECT GOLD TO GET BASHED AHEAD OF, AND ON,
THE CRIMEX OPEN

GOLD HITS THE NEXT 75% RETRACE POINT


THE BIG PICTURE


GOLD RISES TO THE NEXT 75% RETRACE POINT


1:28AM PST THURSDAY