Thursday, October 1, 2009

GOLD CHOPPING SIDEWAYS AT THIS HOUR BUT SHOULD RISE OVERNIGHT

TODAY'S BLUE DOWNTREND CHANNEL RESOLVES UP

EURO IS TURNING HIGHER, GOLD IS TURNING UP

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:40PM PDST

THIS IS NOW TYPICAL GOLD TRADING BEHAVIOR, IF YOU DON'T TAKE YOUR PROFITS WHEN YOU HAVE THEM, YOU LOSE THEM

GOLD MOVES HIGHER, IT SHOULD CONTINUE IN A STAIR STEP PATTERN


DAILY CHART OF THE DOLLAR


THIS IS THE REAL PICTURE OF THE DOLLAR
ANY LITTLE RISE LASTS A FEW HOURS AT MOST BEFORE
IT FADES AND MOVES LOWER AND LOWER

EVENING GOLD STARTS OUT LOOKING WEAK, BUT GOLD SHOULD RISE FROM HERE OVERNIGHT

2:15 PM PDST AFTERNOON GOLD CLOSE

GOLD HITS THE 1ST 75% POINT


THIS SELL OFF IS NOTHING MORE THAN BULLION BANK SELLING TO KEEP GOLD DOWN WHILE BERNANKE SPEAKS TODAY


GOLD HAS RETESTED THE LOW AND SHOULD MOVE HIGHER NOW
THE DOLLAR HAS NOT RISEN ALL THAT MUCH
BUT STOCKS ARE DOWN 150 AND OIL AND THE EURO ARE DOWN
BUT IT'S ALL MANIPULATION
GOLD WILL BE RIGHT BACK UP TONIGHT AND/OR TOMORROW

GOLD SHOULD FINALLY RALLY FROM THIS LEVEL

THE HEAD & SHOULDERS PATTERN RESOLVES DOWN TO THE 75% RETRACE POINT


GOLD MOVES BACK UP WELL ON MODERATE VOLUME

STOCKS DOWN 150, OIL PLUNGING, EURO DOWN


GOLD FALLING WITH STOCKS MAY HOLD AT THE 1001 LEVEL AND RISE
MARKETS MOVING TOO FAST UP AND DOWN TO EVEN POST CHARTS

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 8:00AM PDST

GOLD'S 2ND LEG UP ON STRONG VOLUME


EURO RISING WELL NOW
STOCKS TURNING UP, OR AT LEAST HAVE BOTTOMED FOR THE MOMENT

GOLD MOVES BACK UP STRONGLY IN THE1ST LEG UP

GOLD WORKS ITS WAY BACK UP AFTER WEAK LONGS BAIL OUT AND NEW BUYERS MOVE IN

STOCKS BOTTOM OUT AT OFF 125, GOLD SHOULD BOTTOM HERE TOO


GOLD STARTS BACK UP, OIL TURNS UP BUT REMAINS VOLATILE, EURO STILL DOWN,
YEN TURNS DOWN, BONDS PLATEAUING ON THEIR HIGHS
STOCKS TURN UP AFTER PLUNGING

BONDS, YEN ROUND OVER, DOLLAR RISES A BIT, STOCKS OFF 125, OIL VOLATILE, EURO MOVES DOWN A BIT


GOLD FIGHTS BACK WELL, COULD RISE TO THE NEXT HIGHER 75% RETRACE
POINT FOR THE MAJOR MOVE DOWN FROM 1021 SHOWN AT 1012.10

GOLD FALLS, SNAPS BACK STRONGLY AS STOCKS FALL 100 POINTS, OIL DOWN AND VERY VOLATILE, EURO PULLS BACK YET GOLD KEEPS FIGHTING BACK


MARKETS ARE VERY VOLATILE BUT GOLD IS SHOWING GREAT STRENGTH
AS IT ABSORBS ALL THE NEGATIVES AND POPS BACK UP ON EVERY PULL BACK
ADD TO THIS, BERNANKE IS BEFORE CONGRESS BUT IS DOING MORE LISTENING
THAN TALKING AS THE REPS ARE ALL BABBLING THEIR USUAL NONSENSE AS
THEY TALK ALL AROUND THE MAIN POINT:

THAT WE AS A NATION ARE BANKRUPT AND THERE IS NO QUICK FIX FOR THAT

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:55aM PDST

GOLD MAKES GOOD HEADWAY BACK UP AS IT STAIRSTEPS HIGHER


15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:45AM PDST

BONDS, YEN TOP OUT, STOCKS, OIL, EURO BOTTOM OUT, START TO TURN BACK UP, SHOULD PULL GOLD UP

GOLD BOUNCES BACK BUT STRUGGLES TO KEEP RISING ON THE 1ST LEG UP

GOLD GIVES IN TO THE PRESSURE

BONDS, YEN RISING...EURO, STOCKS, OIL PULL BACK YET GOLD RISES A BIT MORE



GOLD AND THE INDICATOR MARKETS ARE MOVING OPPOSITE TO USUAL LOGIC
BUT GOLD IS SLOWING ITS RISE HERE A BIT.
NEVERTHELESS, GOLD OFTEN WILL MOVE ON ITS OWN AND COULD CONTINUE
HIGHER OR...SIMPLY NOT PULL BACK EXCESSIVBLY, THEN WHEN
THE MARKETS TURN SUPPORTIVE AGAIN, IT WILL RISE EVEN HIGHER

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:19AM PDST

GOLD GOING HIGHER AS OIL MOVES HIGHER, DOLLAR SLIPPING LOWER, STOCKS RISING


GOLD NOT PULLING BACK MUCH AFTER HITTING THE FINAL
75% RETRACE PONT, SHOULD MOVE HIGHER

GOLD RETRACES WELL, A PULL BACK HERE, THEN HIGHER


OIL RISING STRONGLY

GOLD RETRACES 75% OF THE WHOLE UP MOVE, NOW BACK UP

GOLD STARTS BACK UP

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 2:00AM PDST

HEAD AND SHOULDERS PATTERN DEVELOPS, BUT WEAK DOLLAR SHOULD SUPPORT GOLD

A NORMAL PULLBACK NOW A MOVE BACK UP POSSIBLY TO NEW HIGHS

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 1:2AM PDST

GOLD GETTING READY TO MOVE TO NEW HIGHS

GOLD MOVING BACK UP AFTER A PULL BACK