WILL GOLD MOVE UP OUT OF THESE DOWN FLAGS?

GOLD CONTINUES TO TRADE WITHIN THE WHITE UPTREND CHANNEL

Gold is in 2 down flags, red and blue.

Both resolve up.

The Indicator Markets are starting to be supportive of

higher gold, although the dollar is not moving lower. In fact,

it is forming a down flag which would resolve up...so be

careful.

We are approaching the time when the markets become

more active in overnight trading in the next 45 minutes.

Gold could start movng up briskly, only to pull back just

as fast. I don't bet on any extended moves anymore. I

take my profits as quickly as I get them, whatever size they are.

GOLD ISN'T DOING ANYTHING AS EXPECTED THIS EVENING

More regular trading should start up closer to midnight and

into the wee hours

THE BLUE DOWN FLAG RESOLVES UP

NOW IT'S LOOKING LIKE GOLD WILL RETRACE TO 94510 OR THE WHITE UPTREND LINE BEFORE RALLYING

15 MINUTE DOLLAR CHART (delayed prices)

DOLLAR MOVING LOWER

GOLD HAS CONSOLIDATED JUST UNDER 947 AND MAY SPIKE HIGHER SOON

The next retrace point is at 94840, but has to exceed
the next two highs at 947 and 94760 first.
Gold could even spike up to 95080

GOLD HAS RETRACED UP A BIT MORE THAN 75%, NOW BACK DOWN 75%..OR MORE

THIS IS MORE THAN LIKELY A FALSE RALLY THAT WILL FAIL AND MOVE DOWN TO THE 75% POINT AT 94280 OR CLOSE TO IT

Gold has the habit or tendency of almost always reaching

the 75% retrace points regardless of the interim moves it

will make. If you let the interim moves fake you out and

chase the market, you may be disappointed when the market

turns on you and goes where it needs to go to fullfil the fibonacci

habit of being right almost always

GOLD IS GETTING READY TO MOVE LOWER BEFORE IT RALLIES

GOLD MAY FALL TO THE 75% RETRACE POINT AT 94280

GOLD MOVES LOWER

GOLD MOVES UP TO THE PREVIOUS HIGH NEAR THE 75% RETRACE POINT

15 MINUTE DOLLAR CHART (delayed prices)

AFTERNOON GOLD MOVES LOWER

HOURLY S&P500 CHART (delayed prices)

This is a topping formation as stocks fail to exceed the

previous high and thrash about in a consolidation/ledge

which should resolve down

DAILY CHART OF T BONDS (delayed prices)

Notice that Bonds have NOT been able to move above
the previous high. Bonds will eventually collapse, driving
interest rates sky high where they belong. Interest Rates
are THE COST OF MONEY. That cost is DENOMINATED
in the very currency (Dollars) that are losing value. Thus,
the need to get even HIGHER interest rates as a return on
the bonds that people INVEST in.

HOURLY EURO CHART (delayed prices)

HOURLY DOLLAR CHART (delayed prices)

2:15 PM PDST AFTERNOON GOLD CLOSE

Nothing new today. The Crimex manipulators drive gold
down after the opening rally so it can creep up the rest of
the session. The important lesson here is to take your profits
quickly on the rally...DON'T BE GREEDY!... and then GET OUT
and STAY OUT until gold makes it's usual scarey low. Notice
than gold almost always retests these scarey lows, which is
where you can more safely buy in and hold on for a decent
move higher.

GT'S BODY FINALLY GIVES OUT AND REQUIRES SLEEP

I pushed it as far as I could, but this morning I went into 'corpse mode'.
I slept like a rock until 1:30pm pdst today as I needed some REM sleep.
I haven't had more than two continuous hours of sleep for days, which
can eventually kill you. So my body rebelled and put me down for the rest
it needed.