Monday, August 31, 2009

15 MINUTE DOLLAR CHART (delayed prices)


GOLD RISES TO THE WHITE DOWNTREND LINE, MAY GO MUCH HIGHER SUDDENLY


GOLD IS RESTING JUST ABOVE ALL THE MOVING AVERAGES


THE NEXT TWO HIGHER 75% RETRACE POINTS AS GOLD MOVES BACK UP


Gold is going to break through the 960 area soon and
head up to 980 and 1000, so be ready to hang on to some
of your long positions for possible huge up spike, which
will immediately be sold off for profit taking. We're entering
a time when it will be more and more difficult to take profits
and be able to buy back in on a pull back. The pull backs
will become fewer and more shallow as the flight to gold
builds momentum and gold could start moving in $50-$100 moves
both up and down, so be very conservative with your positions
and margins.

GOLD MOVES UP MAKING A NEW HIGH


GOLD CONTINUES SIDEWAYS IN EVENING TRADING


2:15 PM PDST AFTERNOON GOLD CLOSE


GOLD HITS THE 75% RETRACE POINT OF THIS MORNING'S SELL OFF



15 MINUTE DOLLAR CHART (delayed prices)


GOLD MOVES UP OUT OF THE WHITE DOWN FLAG


Euro rising fast
Dollar plunges

15 MINUTE DOLLAR CHART (delayed prices)


GOLD STILL MOVING UP WITHIN THE BLUE UPTREND CHANNEL


T BONDS PLUNGE, RALLY, PLUNGE AGAIN...DEC IS NEW FRONT MONTH


DEC T BONDS 5 MINUTE CHART (delayed prices)

GOLD MAKING NORMAL PROGRESS BACK UP


GOLD MOVES BACK ABOVE THE WHITE DOWN FLAG BOTTOM LINE WITH MINIMAL RESISTANCE


GOLD STILL CLIMBING BACK UP FOR NOW


There should be a pull back soon, then another rally.
This morning's sell off was nothing more than the manipulators
making sure gold didn't move above 960 for now.

15 MINUTE DOLLAR CHART (delayed prices)


THE CRIMEX MORNING BASH DOWN MOVES BACK UP







15 MINUTE DOLLAR CHART (delayed prices)



Sunday, August 30, 2009



POSSIBLE RETRACEMENT POINTS ON THE WAY UP


GOLD IS ON ITS WAY BACK UP


15 MINUTE DOLLAR CHART (delayed prices)


TURQUOISE UPTREND LINE REDRAWN, GOLD IS STARTING TO BUILD A BASE HERE, BUT COULD FALL IF IT DOESN'T DO IT QUICKLY


GOLD BREAKS BELOW THE TURQUOISE UPTREND LINE AND DROPS TO THE 75% RETRACE POINT, MAY RETRACE WELL NOW


Stocks and Oil bottoming, Yen topping, Euro may rise now.
Dollar rising some, but may not affect gold's rise too much.
Gold is in a good position to rise 75% from here

GOLD MAY MOVE LOWER, DOW, OIL, EURO DOWN, DOLLAR HOLDING


15 MINUTE DOLLAR CHART (delayed prices)



GOLD NEAR THE LAST 75% RETRACE POINT, SHOULD PULL BACK BEFORE MOVING HIGHER


A LARGER VIEW


GOLD KEEPS MOVING UP TO SUCCESSIVELY HIGHER HIGHS




15 MINUTE DOLLAR CHART (delayed prices)


RED DOWN FLAG LINES REDRAWN, GOLD MOVES HIGHER, MAY FIND SUPPORT ON THE TOP RED LINE


GOLD MOVES UP ON THE SUNDAY EVENING OPEN


Gold moves up through several 75% retrace points, then
pulls back, possibly to 95690 (75%), which also coincides
with the red down trend top line that was just exceeded
and which could offer a support area for another rally

Friday, August 28, 2009

HOURLY OCT CRUDE OIL CHART (delayed prices)


HOURLY S&P 500 CHART (delayed prices)


HOURLY T BOND CHART (delayed prices)


HOURLY EURO CHART (delayed prices)


HOURLY DOLLAR CHART (delayed prices)


THE BIG PICTURE


UPTREND CHANNELS RESOLVE...DOWN
DOWNTREND CHANNELS RESOLVE...UP

THE LARGER VIEW


Gold retraced 75% of the yellow down trend channel
Will it break out next week?
960 is where the Crimex Manipulators are capping gold for now.
It needs to move up to, and beyond 980 and stay there to
be able to move higher.

THIS WEEK'S GOLD TRADING


WE END ALMOST EXACTLY WHERE WE STARTED THE WEEK
If you had held on to a position, you wouldn't have made anything.
If you traded many of the good moves, you would have made lots...
I did. More than at a regular job...and I did it in my sweat pants.