Tuesday, September 15, 2009

ANOTHER NEW HIGH




15 MINUTE DECEMBER EURO CHART (delayed prices)


DOLLAR SINKS TO A NEW LOW

GOLD CHOPPING JUST BELOW THE HIGH




ANOTHER NEW HIGH











GOLD SPIKES TO TO NEW HIGHS WITHOUT THE HELP OF OTHER MARKETS




15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


THE INDICAATOR MARKETS ARE SHOWING ME NOTHING THAT WOULD DRIVE GOLD HIGHER, THE DOLLAR IS RISING NOW, GOLD SHOULD NOT RISE MUCH FURTHER FOR NOW


WILL GOLD BE ABLE TO MOVE ABOVE THE HIGH AT 1013.70, OR PULL BACK?


GOLD BREAKS OUT TO NEW HIGHS




TRADING WILL PICK UP MORE IN ONE HOUR AND AROUND MIDNIGHT PDST WHEN GOLD COULD MOVE HIGHER


No sooner do I post this chart and comment but gold breaks
up and out of both down flags and moves to a new high


LONGS START BAILING OUT WHEN GOLD DOESN'T MOVE UP QUICKLY ENOUGH


GOLD CREEPS HIGHER


30 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR KEEPS GETTING WEAKER AND WEAKER

GOLD MOVES UP TO THE 75% POINT


Stocks, Oil, Euro all moving up. Feels like gold could
suddenly move higher, but I'm reluctant to buy in this
close to the top. I'd rather wait for a sizeable pull back as
that would provide less risk and more potential profit on the
rise back up to known territory.

GOLD RETESTS THE HIGH BUT PULLS BACK TO CONSOLIDATE FOR A FURTHER MOVE UP


2:15 PM PDST AFTERNOON GOLD CLOSE


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD CONTINUES TO TRADE SIDEWAYS TO SLIGHTLY DOWN


GOLD PUSHES HIGHER GRADUALLY ON LIGHT VOLUME


NO SOONER SAID THAN DONE!



gold will probably retrace back down before making new highs

GOLD CREATES A LEDGE TO FALL FROM OR MAY BE CONSOLIDATING FOR A FURTHER UP MOVE, COULD GO EITHER WAY, BUT MORE LIKELY LOWER


HOURLY DECEMBER DOLLAR CHART (delayed prices)


A NEW LOW FOR THE DOLLAR...NO SURPRISE HERE.

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR SIMPLY TANKS MAKING A NEW LOW

THE RED DOWN FLAG RESOLVES UP, BUT GOLD SHOULD PULL BACK FIRST TO AT LEAST THE 75% RETRACE POINT AT 1007.00 OR LOWER FIRST


GOLD BREAKS OUT OF THE WHITE DOWNTREND CHANNEL AND TOPS THE PREVIOUS HIGH AT 1010.80 BEFORE PULLING BACK




Quite a rally after such a sell off earlier in the day.

The shorts must be crapping their collective pants about now.

BREAK OUT, PULLBACK TO THE TOP RED DOWNTREND LINE, NOW HIGHER


HOURLY DECEMBER DOLLAR CHART (delayed prices)


Dollar fails to take out its previous high. It's going nowhere
BUT DOWN!

STOCKS, OIL, EURO MOVE HIGHER, RED DOWN FLAG RESOLVES UP


GOLD PULLS BACK 75%, NOW TURNING BACK UP, MAY MAKE NEW HIGHS




GOLD RUNS RIGHT BACK UP TO THE HIGH PLUS ONE TICK AND PULLS BACK ON SECONDARY PROFIT TAKING, SHOULD MOVE EVEN HIGHER


The shorts have to be covering to have gold move up this
fast and repeatedly making another new high.



Tremendous upward strength in gold after such a bashing

this morning. The shorts are doomed and must be going

crazy as they see their money disappear in seconds.

GOLD SCREAMS HIGHER ON HEAVY VOLUME







gold hits the top blue uptrend line and pulls back.


May find support on the top white downtrend line just


exceeded

GOLD MOVES UP TO THE WHITE DOWNTREND LINE ON GOOD VOLUME, MAY BREAK THROUGH THIS TIME


STOCKS, OIL, EURO TURN UP, BONDS YEN TURN DOWN, GOOD FOR HIGHER GOLD


BUYERS KEEP PUSHING BACK


PLENTY OF BUYERS BUT THE SHORTS ARE THROWING EVERYTHING THEY HAVE AT GOLD...THEY WILL LOSE


GOLD PULLS BACK WHEN IT DOESN'T BREAK THROUGH THE PREVIOUS TOP, BUT IT WILL ON THE NEXT TRY


GOLD BREAKS THROUGH RESISTANCE AT 9983 ON STRONG VOLUME


Strong volume all the way up to the previous top, now
a pull back to consolidate, then higher






GOLD STRUGGLES BACK UP EVEN THOUGH PPI IS UP MEANING INFLATION, ONLY MANIPULATION EXPLAINS THIS DROP IN GOLD


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOOD TRADING ACTION IN GOLD WITH A SHALLOW PULLBACK THEN HIGHER HIGHS


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


MASSIVE MANIPULATION TODAY