Thursday, July 30, 2009



2:15PM PDST AFTERNOON GOLD CLOSE



GOLD PULLS BACK 75% OF THE LAST UP MOVE


5 MINUTE BOND CHART


A NORMAL PULL BACK FROM THE HIGH




Gold may find support here in the area of the

red top line of the down flag just exceeded

GOLD RISES INTO THE CRIMEX CLOSE



AND AFTERWARDS TOO!




5 MINUTE DOLLAR CHART


10 MINUTES UNTIL THE CRIMEX CLOSE, WILL GOLD RISE OR FALL?


5 MINUTE BOND CHART, BIG BOND SPIKE


The Treasury Department sold $28 billion in 7-year notes on Thursday at a yield of 3.369%.

BONDS SUDDENLY SPIKE, YEN RISES


5 MINUTE DOLLAR CHART


GOLD STARTS TO MOVE HIGHER AS THE CRIMEX CLOSE APPROACHES


THE BOTTOM LINE OF THE RED DOWN FLAG HOLDS


Euro moves back up
Dow holding its highs
Oil on its highs
Yen down
Dollar still down
Bonds move lower again

GOLD SHOULD BE ABLE TO AVOID A BIG SELL OFF HERE




DAN NORCINI SAID YESTERDAY IN HIS COMMENTS THAT RESISTANCE WAS AT 940


Looks like The Boyz at the Crimex are going
to keep gold capped at 940 for today's session
unless something dramatic happens before the close

GOLD PULLS BACK AS TRADER'S BECOME IMPATIENT FOR GOLD TO MOVE HIGHER, WON'T LAST



GOLD SHOULD HOLD HERE AND MOVE UP WITHING THE RED DOWN FLAG AND EVENTUALLY BREAK OUT HIGHER


5 MINUTE DOLLAR CHART


GOLD NEEDS TO MOVE ABOVE 94330


GOLD CONSOLIDATING BUILDING ENERGY TO MOVE HIGHER




GOLD PULLS BACK BEFORE MOVING HIGHER


Dow and Oil appear to be topping
Bonds bottoming after taking the whole up move back
Dollar slipping lower

5 MINUTE DOLLAR CHART


HOLD ON TO YOUR HAT, GOLD IS GETTING READY TO SPIKE



94860 IS THE TARGET




5 MINUTE CRUDE OIL CHART