Wednesday, November 25, 2009



GOLD ACTS LIKE IT WANTS TO MOVE LOWER


GOLD IN A TRADING RANGE FOR NOW, COULD MOVE HIGHER




GOLD COULD CONTINUE HIGHER AS TRADERS ROLL OVER THEIR DECEMBER CONTRACTS


GOLD COULD BLOW RIGHT PAST $1200 TONIGHT OR OVER THE NEXT TRADING DAYS OF THE FOUR DAY HOLIDAY AS GOLD WILL TRADE UNTIL FRIDAY AFTERNOON


ANOTHER NEW HIGH
SINCLAIR SAYS $1650 IS COMING SOON.
IT WON'T BE IMMEDIATE, BUT I CAN SEE GOLD
CONTINUING TO RISE WITHOUT MUCH PULL BACK
AS IT MOVES INTO PANIC BUYING, WHICH WILL MAKE
IT TRADE FRENETICALLY IN PRICE MOVES THAT WILL
BOGGLE YOUR MIND

DECEMBER 2009 GOLD OPEN INTEREST = 94 K


FEBRUARY 2010 GOLD IS FACTUALLY NOW
THE NEW FRONT MONTH AND SHOULD BE THE
CONTRACT YOU TRADE AS ALL THE ACTION HAS
JUST MOVED INTO THE FEB 2010 CONTRACT WHICH
INCREASES THE LIQUIDITY AND MAKES TRADE PRICES
CLOSER TOGETHER AND THEREFORE EASIER TO TRADE
'CLOSE TO THE MARKET'

FEBRUARY 2010 OPEN INTEREST = 283K


ANOTHER NEW HIGH


NEW RED DOWN FLAG, WILL IT RESOLVE HIGHER?




GOLD PULLING BACK


FOR THE 3rd DAY IN A ROW, GOLD HAS RISEN DRAMATICALLY AT THIS TIME PERIOD, THEN IT PULLS BACK AND EITHER TRENDS SIDEWAYS FOR HOURS OR MOVES DOWN


ADDITIONALLY, GOLD IS VERY NEAR THE PSYCHOLOGICAL
RESISTANCE AREA OF $1200, SO BE VERY CAREFUL
OF A LARGE PULLBACK ON PROFIT TAKING
AND USE THAT PULL BACK TO BUY IN
ABOVE, ALL...DO NOT CHASE GOLD AT THIS LEVEL

THIN TRADING CONDITIONS FROM NOW UNTIL SUNDAY EVENING


ANYTHING COULD HAPPEN IN THESE TYPE OF
TRADING CONDITIONS

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MAKES A NEW LOW

GOLD MAKES ANOTHER NEW HIGH AS IT OPENS FOR EVENING TRADING


GOLD'S BULLISH STRENGTH TODAY IS DOUBLE
WHAT IT HAS SHOWN IN RECENT WEEKS.
IT IS A SIGN OF THINGS TO COME WHEN GOLD
MOVES HIGHER EVEN FASTER UNTIL BUYING
REACHES THE PANIC BUYING STAGE AS THE DOLLAR
COLLAPSES

ANOTHER NEW HIGH



DOLLAR RISES BUT GOLD IGNORES IT

ANOTHER NEW HIGH


GOLD CONSOLIDATES AS IT CHOPS SIDEWAYS WITH AN UPSIDE TREND WHICH SHOULD RESOLVE DOWN


DOES GOLD HOLD HERE, SELLOFF, OR MOVE BACK UP?


GOLD MOVES DOWN FROM THE RED UP FLAG IN AFTERNOON TRADING


ANOTHER NEW HIGH


THE RED UPFLAG RESOLVES DOWN


GOLD RETESTS THE HIGH




NOW BACK DOWN, OR UP FURTHER BEFORE THE CRIMEX CLOSE


GOLD RALLIES AFTER A 75% RETRACEMENT, COULD STILL SELL OFF BEFORE THE CLOSE


THE RETRACE BACK UP


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR HEADS BACK DOWN TO ITS NEW LOW

GOLD MAY SELL OFF THIS CLOSE TO THE CRIMEX CLOSE


GOLD MOVES A LITTLE HIGHER


GOLD ACTS LIKE IT WILL FALL OUT OF THIS RED DOWN FLAG


WILL THIS BREAK OUT MOVE HIGHER, OR WILL GOLD MOVE DOWN ON PROFIT TAKING?




WILL THIS RED DOWN FLAG RESOLVE HIGHER?


ANOTHER NEW HIGH



RHINO HORN ALERT!

GOLD PULLS BACK FROM THE RALLY FOR ANOTHER LEG UP


GOLD MOVES UP 75%, NOW A PULL BACK, THEN HIGHER


GOLD RETESTS THE LOW AND RALLIES, SHOULD MOVE UP WELL ON THIS LEG


STOCKS, OIL, EURO MOVING UP AGAIN

STOCKS, OIL, EURO FALLING, BONDS, YEN RISING, SHOULD PUSH GOLD DOWN IN A RETRACEMENT BEFORE THE NEXT GOOD RALLY


GOLD MAY START MOVING UP IN STEPS


A LITTLE MORE PULL BACK, THEN THE 2ND LEG BACK UP?


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR RISES A BIT BUT IT DOESN'T SEEM TO BE
AFFECTING GOLD THAT MUCH ANYMORE

GOLD'S FIRST LEG BACK UP, NOW THE 2ND LEG UP


GOLD GETTING READY FOR A FALL TO EITHER THE 75% RETRACE POINT, OR THE YELLOW UPTREND CHANNEL LINE


GOLD CREATING A 'TALL' LEDGE TO FALL FROM


THE WHITE UPTREND LINE SEEMS TO BE SUPPORTING
GOLD FOR NOW, BUT WITH NO STRONG RALLY, IT
COULD GIVE WAY AT ANY MOMENT
STOCKS, OIL, EURO MOVING LOWER
SHOULD DRAG GOLD DOWN

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MOVING LOWER

GOLD MAY CONTINUE LOWER FOR A WHILE CLEARING OUT WEAK LONGS BEFORE RALLYING HIGHER