2:15 PM PDST AFTERNOON GOLD CLOSE

GOLD RETRACES UP 68% WITHIN THE RED UP FLAG THEN BACK DOWN JUST BARELY BREAKING UP AND OUT OF THE WHITE DOWNTREND CHANNEL

The red up flag resolves down, maybe now.

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

THE WHITE DOWN FLAG SHOULD RESOLVE UP, PROBABLY SUNDAY EVENING IF NOT THIS AFTERNOON

GOLD MOVES UP AFTER THE CRIMEX CLOSE

GOLD MAY SELL OFF INTO THE CRIMEX CLOSE THEN RALLY IN AFTERNOON TRADING

GOLD DOES RESOLVE DOWN

GOLD FORMS A LITTLE UP FLAG THAT WILL RESOLVE DOWN

Gold should move lower to the 75% point at 1004.10 which

coincides with the turquoise blue uptrend line where support

should exist.

For now, the other markets are not supportive of higher gold

but may change when gold moves down to the point discussed

above

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD MOVES LOWER AS OIL, STOCKS, EURO MOVE LOWER, BONDS, YEN HIGHER

DOLLAR MOVES LOWER

ANOTHER TOPPING PATTERN

THE RED DOWN FLAG RESOLVES UP

GOLD MOVES CLOSER TO THE 75% POINT

Then moves above it slightly before pulling back

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD RETRACES LESS THAN 75%

The Euro plunged, but has moved back up strongly

DON'T CHASE GOLD HERE, LET IT PULL BACK

THE LARGER PICTURE

Gold is in the overbought upper area of the YELLOW

Intermediate Uptrend Channel

The upper bounds are near $1024 which is one of Sinclair's

numbers and where gold should pull back before moving to

the next higher number at 1089

GOLD FALLS FASTER TO THE 2ND 75% RETRACE POINT

This is classical behavior of making a slightly higher high

then collapsing on profit taking. How far gold pulls back

is to be seen, but it's moving down faster

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD MAKE ANOTHER NEW HIGH JUST UNDER THE YELLOW UPTREND CHANNEL TOP LINE AND PULLS BACK

This may be the high for the day as the shorts will nw

be doing whatever they can to pound gold back down, or

at least, keep it contained here

RHINO HORN ALERT!

GOLD SELLS THESE DOWN FAIRLY DRAMATICALLY

SO FAR, GOLD IS FINDING SUPPORT ON THE BLACK

DOWNTREND LINE, BUT WILL PROBABLY MOVE

LOWER ON PROFIT TAKING

GOLD MAKING NEW HIGHS AT 1013.20 AND NEARING THE YELLOW TOP UPTREND CHANNEL LINE

GOLD NOW PULLING BACK FROM THE NEW HIGHS

GOLD MAY FIND SUPPORT ON THE BLACK MAJOR

DOWNTREND CHANNEL LINE JUST EXCEEDED

GOLD MOVES HIGHER BUT IMMEDIATELY PULLS BACK, NOT RETESTING THE HIGHS

VOLUMES ARE BUILDING
GOLD IS NOT THAT FAR FROM
THE TOP PRICE AT 1009.60 WHICH
SHOULD BE RESISTANCE

DOUBLE TOP AS GOLD TESTS THE HIGHS, VOLUMES ARE NOT INDICATING A MASSIVE BUY IN COMING, GOLD MAY PULL BACK FROM HERE

Oil, Stocks rising

Gold could consolidate here for a further move up, but

I suspect a pull back before it moves higher

Dollar not collapsing basis my delayed prices

Euro not rising dramatically

GOLD PULLS BACK THEN MOVES BACK UP STRONGLY BUT STALLS AT THE TOP

VERY HINKY TRADING, NOT WORTH BUYING AT THIS LEVEL, WAIT FOR A PULL BACK

BUT NO, GOLD REVERSES AND RALLIES, THEN STALLS NEAR THE HIGHS

DON'T TRUST THIS MARKET AND DO NOT CHASE IT.

THERE WILL BE A PULL BACK TO BUY IN ON

NEVER BUY STRENGTH IN GOLD

ONLY BUY WEAKNESS

SO FAR NOTHING VERY EXCITING, BUT WAIT FOR THE LAGGING RESPONSE

STARTING TO LOOK LIKE GOLD MIGHT GET BEAT DOWN

FALSE RALLY BEFORE THE REPORT...WAIT FOR THE REPORT IN 2 MINUTES

IT DOESN'T MATTER WHAT THE REPORT SAYS,
JUST WATCH WHAT THE MARKET DOES AFTER IT

GOLD MOVES DOWN SLOWLY ON CRIMEX OPEN, UNEMPLOYMENT REPORT SHOULD MOVE MARKET IN FIVE MINUTES

STOCKS, OIL, EURO STILL MOVING LOWER

GOLD MOVES DOWN SOME ON MODERATE VOLUME

GOLD MAY FIND SUPPORT ON THE YELLOW UPTREND LINE

UNEMPLOYMENT REPORT ON THE HALF HOUR SHOULD MOVE THE MARKET

STOCKS, OIL, EURO all moving lower before
the Crimex open

GOLD READY TO SPIKE HIGHER BUT SHOULD GET KNOCKED DOWN ON THE CRIMEX OPEN FIRST

BE VERY CAREFUL HERE!

OVER 200 SELL ORDERS WAITING NEAR THE HIGHS

If they get triggered, gold will go up (Sellers need buyers

to fill their orders making gold rise)

If gold does spike first, it will be sold off quickly and the

reverse if it sells off fast.

DON'T ASSUME ANYTHING UNTIL YOU SEE IT HAPPEN

DON'T GAMBLE ON THE OPENING DIRECTION

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

THE PULL BACK

GOLD RETESTS THE HIGHS BEFORE THE CRIMEX OPEN IN ONE HOUR

GOLD MAY HAVE FOUND SUPPORT ON THE WHITHE TOP DOWNTREND CHANNEL LINE JUST EXCEEDED AND MAY NOW MOVE HIGHER

GOLD WILL MOVE LOWER BEFORE ANY DECENT RALLY CLOSER TO THE CRIMEX OPEN

GOLD RETRACES BACK UP 75%, NOW BACK DOWN