Thursday, August 13, 2009
WELL, WE HAD TO WAIT FOR GOLD TO RE-OPEN THIS EVENING FOR THE RALLY, BUT WE GOT IT, HOWEVER BRIEF
Looks like we'll have to wait until the overnight hours for
the foreign markets to lift gold higher.
A 75% RETRACE OF THE POST CRIMEX CLOSE RALLY DOWN TO THE WHITE UPTREND LINE
Dollar is now down even lower to .7839...hmmmm?
I wonder who's selling their paper gold.
GOLD RISES IN THE LAST 3 MINUTES INTO THE CLOSE AND MORE AFTER
Gold should move up to the 75% retrace point at 95520
over night
GOLD SHOULD RISE THE CLOSER IT GETS TO THE CRIMEX CLOSE
Gold should resolve up out of the new white and red
re-drawn down flags
5 MINUTE DOLLAR CHART (delayed prices)
The dollar certainly isn't rising and should encourage gold
to rise as it slips lower
DOW, OIL MOVING HIGHER, DOLLAR SLIPPING LOWER
Gold has broken up and out of the red down flag, is pulling
back a bit from the 75% point a bit and finding support
at the top red down flag line. It should move much higher
now and make new highs with a little battle at today's top
price at 96310
GOLD MOVES HIGHER RAPIDLY ON LIGHT/MODERATE VOLUME AND PAUSES AT THE 75% RETRACE POINT AT 960
A slightly higher 75% retrace point is a 96090 and gold
could pull back from there before going much higher
Gold should move higher to the next 75% point at 96620
GOLD MOVES DOWN TO A LOWER 75% RETRACE POINT, THEN RALLIES A BIT
Dollar moves up to .7855
Indicator markets are reversing in support of gold moving up
GOLD HOLDING ITS OWN IN LIGHT OF THE OTHER MARKETS DIRECTIONS
Gold may move higher yet today as the shorts are having
trouble knocking it lower
GOLD MOVES LOWER ON FAIRLY STRONG VOLUME FOR A FEW MINUTES BUT SEEMS TO FIND SUPPORT ON THE WHITE BOTTOM UPTREND LINE
Bonds, Yen moving much higher
Dow plunging
Oil falling
Euro moving lower
Dollar gets a little goose higher to .78415 currently
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