Friday, September 25, 2009
GOLD TRADES SIDEWAYS IN AFTERNOON TRADING
THE SHORTS HAVE SOMEHOW SUCCEEDED IN KEEPING GOLD DOWN
SO FAR TODAY. MUST BE BECAUSE THEY WANT A STRONG DOLLAR
AND WEAK GOLD WHILE THE G20 MEETING IS IN SESSION
IS GOLD GETTING READY TO BREAK OUT HIGHER NOW?
VERY VOLATILE TRADING IN THIS TRADING RANGE
BUT GOLD WILL BREAK OUT TO THE UPSIDE EVENTUALLY
AND MOVE UP SUBSTANTIALLY
GOLD RISES TO THE WHITE TREND LINE JUST PENETRATED AND FINDS SOME RESISTANCE
RALLY IS SLOWING
A PULL BACK SHOULD OCCUR SOON
THEN A RE-RALLY
WHAM!
VERY STRONG DOWN VOLUME
STRONG VOLUME ON THE RALLY BACK UP
A RETEST OF THE LOW SHOULD OCCUR
BEFORE THE MAIN RALLY TAKES PLACE
GOLD MOVING LOWER AHEAD OF THE CRIMEX OPEN
KEEP YOUR POWDER DRY UNTIL WE CAN SEE WHICH WAY THE GOLD WIND IS BLOWING
GOLD CONTINUES TO TRADE ODDLY BEFORE THE CRIMEX OPEN
I AM EXPECTING GOLD TO BE SOLD DOWN TO THE LOWS OF YESTERDAY ON THE CRIMEX OPEN, AND
ONLY THEN TO START RALLYING.
GOLD COULD EASILY MOVE BACK TO NEW HIGHS TODAY AS MANY WEAK LONGS HAVE BEEN PUSHED
OUT OF THE MARKET IN YESTERDAY'S SELL OFF.
GOLD TRADING FUNNY RIGHT NOW, WAIT FOR THE CRIMEX OPEN TO SEE WHICH WAY THEY'RE GOING TO DRIVE IT
GOLD HAS BEEN KEPT NEAR IT LOWS OVERNIGHT AFTER YESTERDAY'S BIG SELL OFF
IT'S SUSPICIOUS THAT IT ISN'T ABLE TO MOVE ABOVE THE 1000 PRICE POINT WITHOUT
GETTING PUSHED BACK DOWN.
MAY BE A CONCERTED EFFORT TO WHACK IT LOWER BEFORE, OR DURING, THE CRIMEX SESSION
LET THEM SHOW THEIR CARDS FIRST.
IF GOLD GOES LOWER, IT WILL BE AN EVEN BETTER BUY IN
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