THE BIG PICTURE

THE LARGER PICTURE

THIS WEEK'S GOLD TRADING

2:15PM PDST GOLD AFTERNOON CLOSE FOR THE WEEKEND

GOLD CREEPS HIGHER IN AFTERNOON TRADING AS GOLD APPROACHES THE CLOSE FOR THE WEEKEND

Gold is about to break up and out of the white down flag
as it moves higher slowly in the blue uptrend channel
of late afternoon trading. The shorts were not able to
push gold back down after its large up spike this morning,
a good sign for gold's ability to move higher next week

GOLD STARTS BACK UP IN AFTERNOON TRADING

THE GOLD MANIPULATORS DRIVE GOLD LOWER INTO THE CRIMEX CLOSE TO 'PAINT THE CHART' NEGATIVELY

After the close gold will probably move much higher, if not
even spike higher in the next hour

GOLD STARTS BACK UP BEFORE THE CRIMEX CLOSE

DOW, OIL, EURO RISING, DOLLAR SLIPPING, GOLD SHOULD RISE

5 MINUTE EURO CHART (delayed prices)

5 MINUTE DOLLAR CHART (delayed prices)

GOLD MAY MOVE HIGHER AS DOLLAR FALLS OFF ITS HIGH AND EURO, OIL RISE

GOLD RETRACES 75%

now the pull back

EURO RISING, DOLLAR UP A LITTLE MORE, GOLD RETRACES 75%

5 MINUTE DOLLAR CHART (delayed prices)

DOLLAR RISES, EURO FALLS, GOLD DROPPING

IF THIS RALLY DOESN'T TAKE OUT THE PREVIOUS HIGHS, IT WILL MOVE LOWER

GOLD MOVES HIGHER THEN PULLS BACK TO THE WHITE TOP TREND LINE

5 MINUTE DOLLAR CHART (delayed prices)

GOLD RETRACES MORE THAN 75% BREAKING ABOVE THE DOWN FLAG, WILL IT MOVE ABOVE THE PREVIOUS TOP AT 95680?

GOLD MAY FALL TO 950 IF 95340 DOESN'T HOLD

Euro pulling back, Dow topping, Bonds slow their fall
Yen still falling but slowing
Dollar holds near its low at .7794

GOLD RALLIES TO THE PREVIOUS TOP BUT MAY FALL BACK SOME MORE

Gold pulls back as Bonds, Yen plummet, Dow rockets up 162

Dollar falls another penny to .7794.
Gold likely to make even higher highs after some more
pull back to clear the market of weak longs

GOLD PULLS BACK 50% OF THE UP SPIKE, MAY FIND SUPPORT AT THE YELLOW OR BLUE TREND LINES JUST EXCEEDED

The 75% retrace point at 950 coincides with the yellow
trend line but is also very close to the blue trend line also.
Gold may reverse sooner though. Or could fall even lower,
but that is less likely now as the ability of the manipulators
to pressure gold is being destroyed by these moves at these levels.

DAILY CHART OF TBONDS (delayed prices)

Bonds should not move above the previous high. The
bond market should collapse soon regardless of guv'mint
buying of the bonds as they have to print the money to buy
the bonds thus creating more inflation and devaluing the
interest paid on the bonds requiring a higher interest rate
to compensate and thus driving the price of the bonds down.

HOURLY EURO CHART (delayed prices)

HOURLY DOLLAR CHART (delayed prices)

GOLD SPIKES OUT OF 3 TREND CHANNELS, NEXT HIGHER RETRACE POINT AT 96350

Gold breaks out of the yellow downtrend channel passing
all but the final 75% retrace point at 96360.
Dollar falls to a low of .7894, Euro rises strongly.
Gold now pulling back in a down flag, but could pull back
a good deal on profit taking and manipulation.

GOLD MOVES HIGHER

GOLD RETRACES UP 75%, NOW SHOULD PULL BACK 75%, OR MORE