Sunday, September 27, 2009
GOLD SHOULD PULL BACK FROM THIS LEVEL BEFORE MOVING HIGHER EVEN WITH THE DOLLAR UP
EURO IS MOVING UP A BIT
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR STILL STAYING UP FOR NOW
BUT WON'T STAY UP FOREVER
GOLD IS ACTING LIKE IT WILL DROP MORE, AT LEAST TO 98840, OR EVEN 98550
NEW TRENDLINES HAVE BEEN DRAWN TO INCLUDE THE NEW LOWS
GOLD IS FORMING A LITTLE LEDGE TO FALL OFF OF
GOLD DROPPING, MAY HIT THE LOW AT 98550 BEFORE RALLYING IF IT DOESN'T TURN AT THE 75% POINT AT 98840
DOLLAR GETTING BOOSTED AGAIN BY THE PPT SO
HEDGE FUNDS WILL BE DUMPING EVERYTHING 'NOT THE DOLLAR'
30 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR MAKES HIGHS ABOVE THE PREVIOUS NEAR TERM HIGHS
GOLD WILL PROBABLY BE SUPPRESSED, BUT NOT FOR ABSOLUTELY SURE
AS GOLD CAN ALWAYS MOVE INDEPENDENTLY OF OTHER MARKETS IF ENOUGH
PEOPLE WANT TO ACQUIRE IT FOR ASSET INSURANCE
GOLD BREAKS UP AND OUT OF THE WHITE UPTREND CHANNEL, STOPS AT THE PREVIOUSLY EXCEEDED BLUE UPTREND CHANNEL BOTTOMLINE AND PULLS BACK
GOLD COULD CONTINUE HIGHER AFTER THIS PULLBACK IF GOLD
FINDS SUPPORT ON THE TOP LINE OF THE WHITE UPTREND CHANNEL JUST
EXCEEDED
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