Thursday, December 10, 2009
GOLD MOVES BACK DOWN AHEAD OF THE CRIMEX CLOSE THEN RALLIES JUST BEFORE THE CLOSE
GOLD WAS WELL TRADED TODAY WITH PLENTY OF
VOLUME, BUT DIDN'T REALLY GO ANYWHERE, A SIGN
OF A MARKET IN WHICH WEAK LONGS AND SHORTS
ARE TRADING POSITIONS AS THE MARKET REVERSES
DIRECTION FROM DOWN TO UP.
GOLD RESPECTED THE THIN BLUE SHORT TERM
UPTREND CHANNEL BOTTOM LINE TWICE AND JUST
BEFORE THE CRIMEX CLOSE WHICH INDICATES THE
NEW BOTTOM AREA FOR NOW.
AFTERNOON TRADING WILL BROADEN THE PICTURE
IF GOLD RALLIES THEN AND OVER NIGHT. TOMORROW
GOLD COULD SKYROCKET AHEAD OF THE WEEKEND.
I WOULD BE BUYING ALL THE GOLD AND SILVER POSSIBLE
AT THESE LEVELS AS SOON PRICES UNDER $1200 WILL BE
A THING OF ANCIENT HISTORY AND THOSE WHO BOUGHT
HERE WILL BE ECSTATIC OVER HAVING DONE SO.
GOLD TRADING IN A $10 RANGE SO FAR AND NOT RETRACING 75% IN EITHER DIRECTION
GOLD FALLS RIGHT TO THE THINK BLUE UPTREND CHANNEL LINE AND RALLIES
CHANNELS WITHIN CHANNELS,
THE LARGER PICTURE
HOURLY MARCH 2010 T BOND CHART (delayed prices)
HOURLY MARCH 2010 EURO CHART (delayed prices)
15 MINUTE DECEMBER DOLLAR CHART (delayed prices)
7:40AM PST THURSDAY GT IS AWAKE AFTER THE 1ST 7 HOURS OF SLEEP IN A ROW FOR A LONG TIME
I'M JUST GETTING BACK UP TO SPEED AND WILL POST CHARTS SOON.
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