Wednesday, October 7, 2009

GOLD SPIKES HIGHER


15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 8:30PM PDST


DOLLAR MOVES EVEN LOWER

EURO RISING, GOLD MOVES UP, BUT HOW FAR?


DOLLAR FALLS FURTHER,


STOCKS, OIL, EURO MOVING UP
GOLD MAY NOT PULL BACK TOO FAR BEFORE MAKING NEW HIGHS

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 7:16PM PDST


DOLLAR MOVES LOWER

UP VOLUME IS NOW LIGHT AS GOLD PULLS BACK FROM THE NEW HIGH

GOLD SPIKES HIGHER



STOCKS, EURO MOVE HIGHER
WHILE DOLLAR FALLS
GOLD RISES TO THE TOP YELLOW UPTREND LINE AND MAY PULL BACK NOW.

ONE TICK SHORT OF THE HIGH, COULD GOLD FALL FROM HERE, OR WILL IT SPIKE UP?

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:04PM PDST


DOLLAR FALLS FURTHER

GOLD MOVES A BIT HIGHER AS DOLLAR SLIPS LOWER


IF GOLD DOES NOT MOVE HIGHER IT COULD BE CONFIRMING THE RIGHT SHOULDER
OF THE HEAD AND SHOULDER PATTERN AND GOLD COULD MOVE LOWER

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 544PM PDST


DOLLAR FALLING

STOCKS, YEN, EURO ALL MOVING UP, MAY PULL GOLD HIGHER

GOLD DROPS TO THE 2ND FIB NUMBER AND..'BOING' IT RALLIES, JUST LIKE MAGIC BACK UP 75%

RETRACEMENT POINTS ON THE WAY DOWN

WILL GOLD MOVE LOWER?

IS THE RIGHT SHOULDER NOW GOING TO COLLAPSE?

ELECTRONIC TRADING IN GOLD AWAY FROM THE CRMEX HAS BECOME MUCH MORE ACTIVE AND MORE FREQUENT IN THE LAST FEW DAYS



GOLD IS NOW TRADING MORE ACTIVELY IN USUALLY QUIET PERIODS OF THE DAY
EXPECT THAT TO INCREASE AS GOLD MOVES UP AND THE DOLLAR COLLAPSES
AND MORE PEOPLE BEGIN TO SEE THE TRUTH OF WHAT IS NOW HAPPENING
MORE AND MORE RAPIDLY TO THE DEMISE OF THE DOLLAR AND THE WORLD'S ECONOMY

GOLD RUNS UP TO JUST SHORT OF THE HIGH AND PULLS BACK QUICKLY LEAVING THE H&S PATTERN INTACT BUT LOOKING LESS LIKELY TO HAVE EFFECT

EVENING GOLD MOVES UP TO THE 75% POINT ON THE OPEN


2:15 PM PDST AFTERNOON GOLD CLOSE

HEAD AND SHOULDERS PATTERN STILL POSSIBLE

GOLD MOVES BACK UP JUST BEFORE THE CLOSE

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 10:16AM PDST


DOLLAR NOT SLIPPING OR FALLING SO FAR TODAY

GOLD MOVES LOWER APPROACHING THE CLOSE


BONDS, YEN MOVING UP
STOCKS, OIL DOWN
EURO MOVING UP

VERY TRICKY MARKET TODAY, ERROR ON THE CAUTIOUS SIDE OF TRADING UNTIL GOLD CHOOSES A MAJOR TREND


THE INDICATOR MARKETS ARE GIVING CONFUSING SIGNALS AND GOLD
IS MOVING IN CONTRARY DIRECTIONS TO THEM
GOLD MIGHT RALLY STRONGLY INTO THE CLOSE OR JUST AFTER
IF IT DOESN'T RALLY, THE HEAD AND SHOULDERS PATTERN WILL CONTINUE
DEVELOPING ITS RIGHT SHOULDER WHICH WOULD RESOLVE LOWER

THE TRENDLINE AND THE RETRACEMENT POINT SAY GOLD SHOULD MOVE UP FROM HERE, BUT I THINK IT'S GOING LOWER

POSSIBLE HEAD AND SHOULDERS FORMING WITH 1049.70 AS THE HEAD, RESOLVES DOWN AFTER THE RIGHT SHOULDER DEVELOPS MORE

GOLD MOVES UP FROM CONSOLIDATION RANGE SHOWING GOLD'S STRENGTH


DOLLAR STAYING UP FOR NOW ALTHOUGH NOT UP MUCH
STOCKS DOWN
EURO DOWN
OIL DOWN

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 8:14AM PDST


DOLLAR STAYING UP EVEN THOUGH GOLD IS MOVING UP FAIRLY STRONGLY

STRONG RALLY KEEPS GOING TO THE RETRACE POINT, MAY KEEP GOING

AND NOW ANOTHER PULLBACK THEN ANOTHER RALLY

GOLD GETS BEATEN BACK DOWN ON EVERY RALLY BECAUSE THE SHORTS CAN'T LET IT GO HIGHER...BUT IT WILL



THE INDICATOR MARKETS ARE NEGATIVE TO GOLD
THIS RALLY WILL PROBABLY SELL OFF ANY MINUTE NOW
AND GOLD COULD MOVE DOWN TO ANOTHER LOW

TYPICAL PULL BACK IN THIS TYPE OF MARKET, GOOD TRADING MARKET BUT ONLY GO LONG AND TAKE PROFITS QUICKLY WHILE YOU HAVE THEM

EACH RALLY GETS SOLD OFF QUICKLY


GOOD VOLUME ON THIS LAST UP LEG BUT STALLING AT THE 75% POINT

ABOUT 200 BUYERS WAITING AT 1040, BIG BATTLE HOLDING GOLD RIGHT HERE IN THIS RANGE


15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 7:02AM PDST

ALL MARKETS VERY VOLATILE, HARD TO POST MEANINGFUL CHARTS

GOLD MOVES UP AS STOCKS AND EURO TURN UPBUT PULLS BACK FAST


15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:17AM PDST

GOLD HOLD WELL DESPITE OTHER MARKETS GOING AGAINST IT


GOLD RETRACES TO THE 2ND 75% POINT AND IS PULLING BACK NOW
COULD DROP BELOW THE LOW AT 1040.50 OR BOUNCE OFF THAT AREA
AS THE INDICATOR MARKETS ARE STARTING TO TURN IN FAVOR OF GOLD
NOW.
BONDS CONTINUE HIGHER FAST
STOCKS BOTTOMING
OIL MOVING BACK UP
EURO TURNING UP
YEN STILL DOWN
DOLLAR A BIT HIGHER

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 6:03AM PDST

GOLD MOVING LOWER


DOLLAR RISING
BONDS RISING FAST
EVERYTHING ELSE FALLING
GOLD WILL MOVE LOWER