Thursday, October 29, 2009


HOURLY CHART OF DOLLAR (delayed prices)


GOLD PULSES HIGHER ON ABOUT 350 CONTRACTS BREAKING OUT OF THE WHITE DOWNTREND CHANNEL/CONSOLIDATION


GOLD STAYS WITHIN THE RED UPTREND CHANNEL
WHICH COULD STILL RESOLVE DOWN
INTERNAL TECHNICAL FACTORS ARE NOT
COMPLETELY SUPPORTIVE OF HIGHER GOLD
(See Dan Norcini's evening chart at JSMINESET.COM)

HARD TO TELL WHICH WAY GOLD IS GOING TO MOVE NEXT

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR SIMPLY FALLING FROM ITS ARTIFICIAL
'RALLY', PART OF THE BIG 'BASH GOLD' PLAN
OF THE LAST FEW DAYS.

WHITE DOWNTREND CHANNEL/DOWNFLAG RESOLVES UP, BUT SMALLER RED UPFLAG RESOLVES DOWN


GOLD HAS RALLIED STRONGLY 2/3s OF THE WAY BACK UP THE BIG SELL OFF

AND IS CONSOLIDATING HERE FOR A MOVE HIGHER.

HOWEVER, THE SHORTS COULD POUND IT BACK DOWN AT ANY TIME.

SO FAR, THE DOLLAR'S FALL BACK DOWN SHOULD SUPPORT HGHER GOLD

AS HAS THE TRADING OF THE EURO, OIL AND STOCKS TODAY ALONG WITH

BONDS AND THE YEN BY MOVING LOWER.

STOCKS APPEAR TO ONLY BE IN A 'BEAR RALLY' WHICH SHOULD RESOLVE DOWN

MUCH FURTHER, ALTHOUGH CHEAP 'INFLATIONARY PAPER MONEY' PUTS UPWARD

PRESSURE ON STOCKS. DOWN WILL WIN IN THE LONG RUN.

DOES GOLD RETRACE NOW, OR JUST KEEP GOING?


2:15 PM PDST AFTERNOON GOLD CLOSE


FOUR HOUR CHART OF THE DOLLAR (delayed prices)


LOOKS LIKE A DEATH SPIRAL TO ME

HOURLY CHART OF DOLLAR (delayed prices)


S0, DOES THE DOLLAR COLLAPSE NOW?

HOURLY CHART OF THE S&P 500 (delayed prices)


STOCKS HAVE RALLIED ABOUT 75% OF THE LAST
DOWN LEG AND SHOULD FALL FROM HERE

TWO HOUR CHART OF CRUDE OIL (delayed prices)


HOURLY CHART OF THE EURO (delayed prices)


A SMALL PULL BACK HERE FORMS THE RIGHT
SHOULDER OF AN INVERSE HEAD&SHOULDERS
PATTERN THAT RESOLVES UP AS THE EURO
RALLIES BACK UP TO NEW HIGHS WITH GOLD

HOURLY CHART OF T BONDS (delayed prices)


AS BONDS FALL, INTEREST RATES RISE
KILLING THE ECONOMY

GOLD CONSOLIDATES HERE TO MOVE HIGHER?









FOUR HOUR CHART OF THE S&P 500 (delayed prices)


DOES THIS LOOK LIKE A RECOVERY?

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MAKES A NEW LOW

GOLD HITS A PREVIOUS HIGH AND PULLS BACK





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

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD HITS THE 75% RETRACE POINT AND PULLS BACK


STOCKS, OIL, EURO ALL MOVING LOWER AFTER
RISING WELL
YEN, BONDS ATTEMPTED TO RISE BUT CONSOLIDATED
AND ARE NOW MOVING DOWN
DOLLAR BOUNCES OF ITS LOW AT .7626
GOLD CONTINUING LOWER

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MAY HAVE FALLEN FURTHER THAN SHOWN
ON THIS DELAYED CHART
COULD CAUSE GOLD TO MOVE MUCH HIGHER

GOLD COULD CONSOLIDATE HERE AND MOVE HIGHER, BUT I THINK THE SHORTS WILL BEAT DOWN ANY FURTHER RISE TODAY


DAILY MOVING AVERAGES


GOLD MAY TOP OUT HERE





BONDS FINDING A BOTTOME, YEN TURNS UP
EURO, STOCKS, OIL ALL TOPPING AND TURNING DOWN
GOLD SHOULD PULL BACK A GOOD BIT ON PROFIT TAKING
AND HELP FROM THE SHORTS

GOLD FINDS RESISTANCE ON THE TOP WHITE DOWNTREND CHANNEL LINE





WILL GOLD FALL NOW?


EURO, STOCKS, OIL ALL MOVING DOWN
BONDS MOVING UP, YEN SORT OF DOWN
DOLLAR HAS BEEN MOVING LOWER

30 MINUTE DOLLAR CHART (delayed prices)



15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


A LAST RUN UP BEFORE THE PRE-OPEN SELL OFF?



AS THE CRIMEX OPEN APPROACHES, EXPECT A SELL OFF


RETRACEMENT POINTS ON THE WAY BACK DOWN



5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD RISING IN SPURTS ON LIGHT VOLUME


GOLD RISES ON RELATIVELY LIGHT VOLUME