Friday, October 9, 2009

THE BIG PICTURE

THIS WEEK'S GOLD TRADING

2:15PM PDST GOLD AFTERNOON CLOSE FOR THE WEEKEND


GOLD CLOSES ONE HOUR EARLY FOR THE COLUMBUS DAY HOLIDAY.

MARKETS TURN POSITIVE FOR GOLD AHEAD OF THE CRIMEX CLOSE

5 MINUTE DOLLAR CHART (delayed prices)

FAKE OUT RALLY, GOLD MAY GO LOWER, DOLLAR WAY UP, ALL OTHER MARKETS DOWN


GOLD SHOULD AT LEAST RETEST THE LOWS

5 MINUTE DOLLAR CHART (delayed prices) 9:18AM PDST

GT IS TIRED AND NEEDS SLEEP

I'm going to rest now with one eye open in case gold sells off hard,
in which case I will buy the bottom and ride it up until it stalls.
I may fall asleep though, as every time I close my eyes, I pass out.

I would want to have an open long position in gold over the weekend
from now on in case the world explodes during it.
Guv'mints always pull their dirtiest tricks late on Friday or over the weekend.

THE SAME PLAN EVERY DAY IS FOR THE BULLION BANKS TO DRIVE DOWN GOLD UNTIL THE LONDON FIX


GOLD WAS DRIVEN DOWN YESTERDAY UNTIL IT FINALLY TOOK OFF AT 7AM PDST OR 10AM EASTERN
THIS APPEARS TO BE A CONSISTENT PATTERN.
ACT UPON THIS AND DON'T GET CAUGHT IN THE SELL OFF IN THESE EARLY HOURS

15 MINUTE DOLLAR CHART (delayed prices)

STOCKS FALLING FAST, YEN EURO DOWN, OIL FLAT, DOLLAR DOWN


GOLD IS BEGINNING TO FALL AFTER A SMALL RALLY AT THE OPEN

15 MINUTE DOLLAR CHART (delayed prices)

LAST CHART BEFORE THE CRIMEX OPEN

BEFORE THE CRIMEX OPEN IN 7 MINUTES

15 MINUTE DOLLAR CHART (delayed prices)

GOLD IS HESITATING HERE, COULD SELL OFF BEFORE THE CRIMEX OPEN



ANY QUICK RALLY WILL BE SOLD OFF BEFORE OR AFTER THE CRIMEX OPEN
SO TAKE YOUR PROFITS QUICKLY

THE LARGER PICTURE

GOLD MOVES HIGHER

PROFIT TAKING TAKES GOLD BACK DOWN 75%

GOLD MOVES BACK UP AFTER THE PULL BACK

GOLD DROPS ON MODERATE VOLUME GAPPING DOWN, GAP WILL BE FILLED

GOLD DROPS TO A LOWER 75% POINT