NOTICE! GOLD FRONT MONTH MOVES TO FEB 2010 GOLD ON NOVEMBER 30, 2009

IMPORTANT NOTICE!

DUE TO THE THANKSGIVING HOLIDAY WEEK
IT IS HIGHLY RISKY TO BE TRADING DECEMBER 2009
GOLD.
MUCH OF THE LIQUIDITY WILL STILL BE IN THAT MONTH,
BUT THE CHANCE OF GETTING CAUGHT UPSIDE DOWN IS
TOO GREAT TO RISK.

PLEASE TRADE ONLY FEB 2010 GOLD WITH THE INTENTION
OF HOLDING THE POSITION UNTIL FEB 2010 BECOMES THE
FRONT MONTH ON TUESDAY DEC 1ST, 2009 WHEN ALL THE
TRADING LIQUIDITY WILL BE IN THE NEW FRONT MONTH CONTRACT
AND MAKE TRADING EASIER AND PRICES FLOW MORE FLUIDLY.

DAILY CHART OF BLACK LONG TERM UPTREND CHANNEL WITHIN THE LONG TERM YELLOW MAJOR UPTREND CHANNEL

IF YOU HAD BOUGHT GOLD FUTURES AT 699 IN LATE

OCTOBER OF 2008 AND HELD ON UNTIL TODAY,

REGARDLESS OF ALL THE INTERIM UPS AND DOWNS,

YOU WOULD HAVE A PROFIT OF ABOUT $45,000 PER CONTRACT

IF YOU DO THE SAME RIGHT NOW, WHERE DO YOU THINK

GOLD WILL BE IN THE SAME TIME SPAN INTO THE FUTURE

AS GOLD RISES IN COMING MONTHS?

GOLD NEAR THE TOP OF THE MAJOR YELLOW UPTREND CHANNEL

A STEADY $27 RISE FOR THE LAST THREE WEEKS

2:15 PM PST AFTERNOON GOLD CLOSE

THE WEEK'S PATTERN:
MON, TUES, THURS, FRID, GOLD MOVES STEADILY UP FROM
OPEN TO CLOSE DURING THE CRIMEX SESSION
TUES GOLD HAS AN EVENING DIP BUT MOVES HIGHER
WED, GOLD TAKES A HIT AND MOVES LOWER ALL DAY,
THURS IS A MAJOR FAKE OUT AS GOLD RISES THE ROUNDS
OVER AND CLOSES ABOUT THE SAME AREA IT OPENED

FRIDAY: GOLD RISES FROM OPEN TO CLOSE, A $15 DOLLAR RISE
WORTH $1500 PER CONTRACT IF YOU JUST BOUGHT
NEAR THE OPEN AND HELD ON FOR THE DAY.
THIS HAPPENS FREQUENTLY.
BUT WHAT IF YOU BOUGHT THE OPEN AND HELD ON WEDNESDAY?
IT DRIVES ME NUTS TO TRADE WITHIN A DAY, PAYING EXTRA
COMMISSIONS AND MAKING LESS ON MANY TRADES THAN
IF I'D JUST HELD ON TO MY ORIGINAL CONTRACTS.
TROUBLE IS, WHAT IF I HOLD ON AND A WEDNESDAY HAPPENS?
THIS IS WHY I AM FORCED TO GRAB MY PROFITS WHILE I
HAVE THEM. ONE BAD DAY CAN TAKE ALL YOUR PROFITS, PLUS
SOME, BACK. BETTER A LITTLE THAN NONE OR LOSING MORE.

TEN MINUTES TO THE CLOSE FOR THE WEEKEND

GOLD WILL BE CLOSING NEAR ITS HIGHS FOR THE DAY

ANOTHER NEW HIGH

GOLD MOVES A BIT HIGHER AFTER THE CLOSE, COULD CONSOLIDATE AND MOVE HIGHER, OR COLLAPSE ON PROFIT TAKING

GOLD SPIKES ON 2000 CONTRACTS ON THE CLOSE AND KEEPS MOVING HIGHER

GOLD TRADING FAIRLY QUIET APPROACHING THE CRIMEX CLOSE, MAY RALLY FURTHER IN AFTERNOON TRADING

GOLD RETRACES BACK UP NEAR THE 75% RETRACE POINT FOR THE ENTIRE DOWN MOVE FROM THE HIGH AT 1153.40

GOLD BREAKS ABOVE THE BLUE DOWNTREND CHANNEL

GOLD NEEDS TO MOVE UP OR IT WILL FALL OFF THIS LEDGE

GOLD PULLS BACK

STOCKS SOAR, OIL, EURO UP, BONDS, YEN DOWN GOLD ZOOMS AND PULLS BACK AT THE RETRACE POINT

GOLD TAKES OFF ON GOOD VOLUME EXCEEDING THE RETRACE POINT

GOLD STRUGGLING HIGHER AS OIL FALLS, STOCKS, EURO CHOP UPWARDS

BONDS TURN DOWN, STOCKS, OIL, EURO TURN UP, GOLD RISES

NEXT HIGHER RETRACE POINTS

GOLD MOVING UP IN SPURTS OF GOOD VOLUME BUT IS VERY HESITANT

GOLD BREAKS OUT OF THE RED DOWN FLAG BUT STALLS AND PULLS BACK

ONE MINUTE DOLLAR CHART (delayed prices)

HERE WE GO!

A 2ND SOURCE SAYS THE DOLLAR SPIKED UP TO .8218 AND CAME RIGHT BACK DOWN TO THE .7500 AREA WHICH DISTORTS ALL CHART TIME PERIODS

HOURLY DOLLAR CHART

STOCKS, OIL, EURO NOW PULLING BACK, BONDS, YEN CONTINUE MOVING UP

THIS RALLY MAY BE TAKEN BACK ON THE OPEN, THEN GOLD SHOULD RALLY

STOCKS, OIL, EURO ARE RALLYING BACK FROM

BEING SOLD DOWN HARD

BONDS ARE INCLINING UP

YEN ALSO RISING

DOLLAR CHARTS ARE DISTORTED BY A BAD TICK

AND ARE USELESS FOR NOW

GOLD MOVING BACK UP GRADUALLY ON LIGHT/MODERATE VOLUME, COULD FALL BACK BEFORE THE CRIMEX OPEN

GOLD GETS HIT HARD AHEAD OF THE CRIMEX OPE

THE BOUNCE BACK IS WEAK SO FAR

GOLD PEAKS AROUND MIDNIGHT PST AND BEEN MOVING LOWER SINCE

GOLD MAKES UP MOVES BEFORE AND AFTER MIDNIGHT

BUT THESE MOVES DON'T STAY UP FOR LONG, SO

YOU HAVE TO STAY ALERT AND TAKE YOUR PROFITS

WHILE YOU HAVE THEM