Tuesday, December 8, 2009
GOLD MOVES UP TO THE 75% RETRACE POINT AND PULLS BACK
GOLD VOLUME IS LIGHT AND IT IS TRADING VERY
CAREFULLY UP AND DOWN ACCORDING TO THE
FIBONACCI RETRACEMENT LINES SO TAKE YOUR
PROFITS WHEN YOU HAVE THEM. ALTHOUGH A
LONG POSITION IN THIS LOW AREA SHOULD PAY
OFF BIG TIME IF HELD WITH LOTS OF MARGIN TO
WEATHER ANY DIPS FROM HERE.
GOLD AT 9:00PM PST
GOLD IS STILL CLIMBING FROM ITS LOW AT 1125.3
BUT IS GETTING 'BOUNCY' AND ERRATIC. AFTER
A SELL OFF SUCH AS THAT OF THE LAST THREE DAYS
THIS MARKET IS SHAKEN BADLY AND TRADERS AREN'T
AS WILLING TO HOLD POSITIONS FOR VERY LONG. HENCE
THE WILD SWINGS AND SHORT MOVES UP AND DOWN WITH
NOT MUCH TREND IN THE SHORT TERM.
GOLD SHOULD BE MOVING UP FROM HERE, BUT AS YOU CAN
SEE, 'THE POWERS' THAT ARE RUNNING THIS WORLD, AND
THESE SUPPOSEDLY 'FREE' MARKETS, DON'T WANT GOLD TO
GO HIGHER AS IT EXPOSED THEIR FRAUDULENT PAPER MONEY
SCHEME WHICH IS NOW OUT OF CONTROL AND GOING TO
COLLAPSE THE WORLD'S ECONOMY NO MATTER WHAT THEY DO
IN THE SHORT TERM. THEY'RE ONLY PROLONGING THE PAIN AND
SUFFERING AND MAKING IT MUCH WORSE FOR US AND THEMSELVES
EVEN IF THEY ARE ALL FILTHY RICH.
THEY NEED US MORE THAN THEY KNOW.
WITHOUT US, THEY MIGHT HAVE TO GET THEIR OWN HANDS DIRTY
TO SURVIVE.
GT IS EXHAUSTED AND IN A DELICATE SITUATION IN MY CURRENT TRADE
I WILL BE PAYING CLOSE ATTENTION TO MY OWN TRADING
AND NOT POSTING AS OFTEN AS USUAL FOR THE NEXT FEW DAYS
UNTIL I CAN EXTRICATE MYSELF FROM A POTENTIALLY DEVASTATING
SITUATION.
PLEASE BEAR WITH ME AS THIS TRADE COULD MAKE OR BREAK ME.
WHEN GOLD FINALLY RALLIES THIS TIME, IT IS GOING TO BE THE
RALLY OF ALL TIME!
I JUST HOPE I CAN STAY ON IT!
AND NOT POSTING AS OFTEN AS USUAL FOR THE NEXT FEW DAYS
UNTIL I CAN EXTRICATE MYSELF FROM A POTENTIALLY DEVASTATING
SITUATION.
PLEASE BEAR WITH ME AS THIS TRADE COULD MAKE OR BREAK ME.
WHEN GOLD FINALLY RALLIES THIS TIME, IT IS GOING TO BE THE
RALLY OF ALL TIME!
I JUST HOPE I CAN STAY ON IT!
GOLD STILL WITHIN THE BLUE UPTREND CHANNEL, BUT OTHERWISE IT'S ALL OVER THE MAP TODAY
GOLD MAY SELL OFF APPROACHING THE CRIMEX
CLOSE, THEN RALLY SOME IN THE AFTERNOON
GOLD STILL WITHIN THE BLUE UPTREND CHANNEL, BUT OTHERWISE IT'S ALL OVER THE MAP TODAY
GOLD MAY SELL OFF APPROACHING THE CRIMEX
CLOSE, THEN RALLY SOME IN THE AFTERNOON
GOLD RETRACES 75% OF THE BRISK RUNUP, THEN RALLIES WEAKLY
USABLE INDICATIONS FROM THE OTHER MARKETS
STOCKS, OIL, EURO, YEN, BONDS ARE HARD TO DISCERN
TODAY. GOLD IS THRASHING AROUND ON ITS OWN MOSTLY.
THIS IS A HUGE BATTLE BETWEEN GOLD BUGS AND
THE MANIPULATORS WHO ARE HITTING GOLD AS HARD
AS THEY CAN TO KEEP IT DOWN OR LOWER. BUT THE
GOLD BUYERS ARE HOLDING THEIR OWN, JUST NOT
ENOUGH TO TAKE GOLD HIGHER RIGHT NOW...
BUT THEY WILL VERY SOON
GT VERY BUSY TRADING, HARD TO POST CHARTS FOR AWHILE
GOLD MOVING DOWN MORE JUST BEFORE THE
CRIMEX OPEN. COULD SPIKE UP ON THE OPEN
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