Tuesday, September 1, 2009


GT WAS AT THE VET WHEN GOLD DROPPED TO 95250 OR I WOULD HAVE BOUGHT IN THERE


Now I have to wait for a decent pull back to
buy in again for the move up higher tonight

GOLD PULLS BACK AFTER FINDING TOO MUCH RESISTANCE AROUND 959


It's a good thing I sold out my long position
where I did. I worried that gold could vault
higher, but it came back down a good deal.
Overnight trading should show us where gold
is really going to go. The Crimex session will
do what it always does...beat gold down where
possible...so take advantage of any severe drop
to buy in conservatively and take your profits
when gold starts to stall during its rallies.

15 MINUTE DOLLAR CHART (delayed prices)


2:15 PM PDST AFTERNOON GOLD CLOSE


GOLD READY TO SPIKE




THE RED DOWN FLAG RESOLVES UP AND MAY EVEN SPIKE UP


Another perspective of the same chart



THE INDICATOR MARKETS ARE GRADUALLY BECOMING SUPPORTIVE OF GOLD AS GOLD HOLDS 970 VERY STUBBORNLY




TIC REPORT...TREASURY INTERNATIONAL CAPITAL...GOES NEGATIVE AGAIN

THIS MUST BE WHAT IS PUSHING GOLD HIGHER!

Treasury International Capital (TIC) Data for June
WASHINGTON –The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for June 2009. The next release, which will report on data for July 2009, is scheduled for September 16, 2009.
Net foreign purchases of long-term securities were $90.7 billion.
Net foreign purchases of long-term U.S. securities were $123.6 billion. Of this, net purchases by private foreign investors were $105.2 billion, and net purchases by foreign official institutions were $18.4 billion.
U.S. residents purchased a net $32.9 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $71.3 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities decreased $19.5 billion. Foreign holdings of Treasury bills decreased $11.3 billion.
Banks’ own net dollar-denominated liabilities to foreign residents decreased $82.9 billion.
Monthly net TIC flows were negative $31.2 billion. Of this, net foreign private flows were negative $27.7 billion, and net foreign official flows were negative $3.5 billion.
Complete data are available on the Treasury website at www.treas.gov/tic.

15 MINUTE DOLLAR CHART (delayed prices)


GOLD MEETS RESISTANCE AROUND 958 REPEATEDLY BUT COULD SPIKE ABOVE IT


Something is pushing gold higher even with
the Indicator markets now not supportive
of higher gold...puzzling me. I sold my long
position after having the market touch my
buy in point several times and collapsing
three times wasting much time and opportunity.
I'll wait for a pull back to buy back in.

15 MINUTE DOLLAR CHART (delayed prices)


GOLD SHOULD MOVE BACK UP GRADUALLY


GOLD BREAKS DOWN 75% WHEN IT DOESN'T MOVE HIGHER




GOLD FINDS SUPPORT AGAIN ON THE WHITE DOWNTREND LINE


15 MINUTE DOLLAR CHART (delayed prices)


GOLD IS FINDING SUPPORT AT THE WHITE DOWNTREND LINE FOR NOW, MAY MOVE MUCH HIGHER


GOLD BREAKS OUT OF THE RED DOWN FLAG, PULLS BACK FOR SUPPORT AT THE WHITE DOWNTREND LINE JUST EXCEEDED



GOLD PULLS BACK 75%, TREND LINES REDRAWN


The fibonacci retracement points take precedence
over the trend lines and other patterns

NEW RED DOWN FLAG DRAWN


GOLD MOVES UP OUT OF THE RED DOWN FLAG 75%, PULLS BACK, NOW HIGHER PAST THE WHITE DOWNTREND LINE


THE RED DOWN FLAG RESOLVES UP


15 MINUTE DOLLAR CHART (delayed prices)


GOLD JUST NEEDS TO GET PAST THE WHITE DOWNTREND LINE AND IT WILL RUN UP TO 95760 OR HIGHER


GOLD HITS THE 75% POINT EXACTLY, NOW SOME PULL BACK, THEN UP TO THE NEXT ONE SHOWN HERE


THE NEXT 75% POINT


GOOD RALLY AFTER THE SELL OFF, GOLD MY GET BASHED ON OR BEFORE THE CRIMEX OPEN, BUT RALLY WELL AFTERWARD


15 MINUTE DOLLAR CHART (delayed prices)


GOLD RETRACES TO THE LAST 75% POINT AND SHOULD NOW RALLY






15 MINUTE DOLLAR CHART (delayed prices)


STOCKS, OIL, EURO ALL FALLING


Gold may rally just before the Crimex open

15 MINUTE DOLLAR CHART (delayed prices)



GOLD DROPS A LITTLE LOWER TO THE PREVIOUS LOW, THEN RALLIES




GOLD RALLIES AT THE 75% POINT OF THE SELL OFF


GOLD DIDN'T MOVE UP FAST ENOUGH SO TRADERS BAILED OUT