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Friday, August 14, 2009
LITTLE ACTION AS THE CPI REPORT SAYS UNCHANGED, GOLD FALLS AND RALLIES IMMEDIATELY ON LIGHT VOLUME
Not much to see here yet folks. Gold may just trade in a tight range and slip lower for awhile in a consolidation pattern and then move higher later if the shorts don't pound it down.
VERTICALWHITE LINES DESIGNATE THE START AT 5:20AM PDST OF THE DAY SESSION COMEX OPEN THE VERTICALBLUE LINES DESIGNATE THE 10:30AM PDST CLOSE OF THE COMEX DAY SESSION VERTICALGREEN LINE DESIGNATES MARKET OPENING AT 3:00PM PDST ON SUNDAY THE VERTICALRED LINE SHOWS WHERE WHERE COMEX GOLD CLOSES AT 2:15PM PDST COMEX REOPENS ON THE VERTICALORANGE LINE AT 3:00PM PDST VERTICALPINK LINES DESIGNATE MIDNIGHT PDST THE ORANGE HORIZONTAL LINES I USE TO SHOW WHERE PREVIOUS TOPS ARE WHERE GOLD WILL RUN UP TO AND STOP, PULL BACK, OR BREAK THROUGH... THE HORIZONTAL PALE BLUE LINE INDICATES YESTERDAY'S CLOSE PRICE THE HORIZONTAL GREEN LINE(S) INDICATE MY LONG POSITION(S) DAYS OF THE WEEK ARE LABELED AND THE DATES ARE AT THE BOTTOM OF THE CHART ALONG WITH TIMES OF EACH CANDLESTICK THE TIME PERIOD OF THE CHART IS IN THE TOP LEFT CORNER AND DESIGNATES THE LENGTH OF TIME EACH VERTICAL PRICE CANDLESTICK COVERS...