Thursday, December 10, 2009

GOLD MOVES BACK DOWN AHEAD OF THE CRIMEX CLOSE THEN RALLIES JUST BEFORE THE CLOSE


GOLD WAS WELL TRADED TODAY WITH PLENTY OF
VOLUME, BUT DIDN'T REALLY GO ANYWHERE, A SIGN
OF A MARKET IN WHICH WEAK LONGS AND SHORTS
ARE TRADING POSITIONS AS THE MARKET REVERSES
DIRECTION FROM DOWN TO UP.
GOLD RESPECTED THE THIN BLUE SHORT TERM
UPTREND CHANNEL BOTTOM LINE TWICE AND JUST
BEFORE THE CRIMEX CLOSE WHICH INDICATES THE
NEW BOTTOM AREA FOR NOW.
AFTERNOON TRADING WILL BROADEN THE PICTURE
IF GOLD RALLIES THEN AND OVER NIGHT. TOMORROW
GOLD COULD SKYROCKET AHEAD OF THE WEEKEND.
I WOULD BE BUYING ALL THE GOLD AND SILVER POSSIBLE
AT THESE LEVELS AS SOON PRICES UNDER $1200 WILL BE
A THING OF ANCIENT HISTORY AND THOSE WHO BOUGHT
HERE WILL BE ECSTATIC OVER HAVING DONE SO.