Sunday, September 6, 2009









GOLD CHOPPING SIDEWAYS




GOLD MOVES LOWER THEN SNAPS BACK UP ALL ON VERY LIGHT VOLUME




GOLD MOVES UP TO THE 75% POINT, MAY GO HIGHER


GOLD FALLS A LITTLE, BUT NO BIG DEAL FOR NOW


GOLD MOVES UP A LITTLE, BUT FADES BACK


NEW BLUE UPTREND CHANNEL LINES DRAWN, GOLD HEADS BACK UP


GOLD PULLS BACK TO THE 1ST 75% POINT, MAY GO BACK UP NOW


Data on the dollar is not available right now.
Euro is rising slightly
Oil is making some little up moves
Stocks trending down gradually
Bonds also trending down
Yen not doing much
These markets could all be fairly quiet during
OUR Labor Day Holiday, but remember, it's
NOT a holiday for other countries, even though
our markets are the largest and most traded.

GOLD MOVES A LITTLE HIGHER


GOLD PULL BACK IS SHALLOW, THEN MOVES UP AGAIN


Trading volume is light, but not unusually light
for a holiday weekend. We may see some good
movement as the G20 meeting produced nothing
constructive, as expected. People are beginning to
see the collapse coming and should start moving
into gold along with the various funds that must
be moving in now to have made gold rise so well
recently.

GOLD HITS THE 75% POINT, MAY GO HIGHER


And another 75% point is exceeded



SUNDAY EVENING GOLD IS TRADING, SHOULD GO THROUGH LABOR DAY MONDAY