Tuesday, December 15, 2009

11:55AM PST


11:36PM PST GOLD TURNED BACK AT THE BLUE DOWNTREND CHANNEL TOP LINE




10:18PM PST


10 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


10 MINUTE MARCH 2010 EURO CHART (delayed prices)


A FALLING EURO PULLS GOLD DOWN

WHITE UPTREND CHANNEL LINES REDRAWN


7:55PM PST

GOLD MEETING RESISTANCE AT THE 1129 LEVEL


A LARGER VIEW, 75% RETRACE POINT AHEAD AT 1135.1


GOLD MOVES HIGHER ON INCREASING VOLUME


NEXT TOPS TO EXCEED: 1128.8, 1130, 1132.5
GOLD COULD MOVE ABOVE THE NEXT HIGHS AND
THEN SPIKE A BIT HIGHER ONLY TO PULL BACK
ON PROFIT TAKING



2:15PM PST AFTERNOON GOLD CLOSE


GOLD RETRACES 75% OF THE MORNING RALLY, THEN RETRACES 75% OF THAT, AND SO ON


GOLD SELLS OFF INTO THE CRIMEX CLOSE,
RALLIED BACK UP 75% AND IS NOW MOVING DOWN
OUT OF THE BLUE UPTREND CHANNEL JUST FORMED.
NEXT SUPPORT AREA IS ON THE WHITE UPTREND CHANNEL
LOWER LINE OR EITHER OF THE RETRACE POINTS SHOWN

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD TRADING GROWS VERY QUIET FOR NOW


ALL INDICATOR MARKETS MOVING LOWER
DOLLAR CONSOLIDATING

GOLD MOVES LOWER NEAR THE 75% RETRACE POINT AT 1116.2


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


I CALL THIS PATTERN THE SAGGING BOSOMS
IT SHOULD RESOLVE LOWER AFTER THIS LAST
PPT GOOSE FAILS TO MOVE MUCH HIGHER

GOLD RETRACES TODAY'S RUNUP 61.8%


BONDS, YEN MOVING LOWER
EURO MOVING DOWN
STOCKS MAY BE 'FLAGGING' FOR A MOVE HIGHER
OIL PULLING BACK

GOLD MAY BE RELUCTANT TO MOVE HIGHER FOR NOW AFTER SUCH A GOOD RUNUP


GOLD IS FALLING OUT OF THE MOST RECENT RED
DOWNFLAG AND COULD MOVE ALL THE WAY BACK
DOWN AS PROFIT TAKERS WILL WANT TO HOLD ON
TO WHAT PROFITS THEY STILL HAVE FROM THE RUN UP.
IT'S STILL POSSIBLE FOR GOLD TO MOVE HIGHER LATER
IN THE SESSION

HERE WE GO AGAIN!


THE 75% RETRACE POINT AT 1135.1 IS POSSIBLE TODAY




5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


YOU KNOW WHAT HAPPENS NEXT....RIGHT?


GOLD MOVES HIGHER AT 1000 CONTRACTS A MINUTE




MARKETWATCH PUTTING OUT BULLSHIT ARTICLES ON HOW GOLD HASN'T MOVED ON THE PPI NUMBERS


GOLD MOVES UP ABOUT $15 FROM THE INITIAL DIP
AND ALL MARKET WATCH CAN PUBLISH IS THE DIP PART?
WHAT ASSHOLES!

GOLD FALLS ON PROFIT TAKING, THESE SELLERS WILL BUY BACK IN AFTER THIS PULL BACK


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


THE LEAD BALLOON FALLS LOWER

GOLD COULD PULL BACK A LITTLE MORE AS BONDS ARE RISING WELL, EURO PULLING BACK, STOCKS SHAKEY


GOLD WILL, I REPEAT, WILL...
MOVE HIGHER AFTER THIS PULL BACK
THIS MORNING'S MOVES SHOW ME THAT THE
BOTTOM FOR GOLD IS IN AND GOLD WILL MOVE
HIGHER FROM HERE ON

THIS PULL BACK WILL SOON MOVE HIGHER


THIS SHOULD CONTINUE


DOWNFLAG AFTER DOWNFLAG ON THE WAY BACK UP OFFER YOU A CHANCE TO GET IN



UP $12 FROM THE LOW SO FAR

GOLD FIGHTING STRONG HEADWINDS ON THE WAY BACK UP, BUT WHEN THE SHORTS FINALLY COVER...WATCH OUT!


GOLD IS CONSOLIDATING HERE FOR FURTHER
MOVES HIGHER UNTIL GOLD SPIKES AS BUYERS
PILE IN TO NOT GET LEFT BEHIND

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


EVENTUALLY EVEN ROCKETS HAVE TO FALL BACK
TO EARTH

HANG ON TIGHT, THIS COULD BE THE RALLY OF YOUR LIFETIME


RED DOWN FLAG RESOLVES UP


ONCE GOLD GETS SOME MOMENTUM GOING TO
THE UPSIDE, IT WILL BE UNSTOPPABLE

THE MANIPULATORS ARE GOING TO KEEP BEATING ON GOLD ALL THE WAY BACK UP


GOLD LONGS WILL SELL EVERY TIME IT STALLS
ON THE WAY BACK UP CREATING STAIR STEPS
MOVING HIGHER

GOLD COULD MOVE UP STRONGLY FROM HERE



OIL SUDDENLY FLOPS HARD
STOCKS, EURO CONSOLIDATE TO MOVE UP FURTHER

GOLD STARTS TO TAKE OFF BUT PULLS BACK BEFORE IT REALLY GETS GOING


STOCKS, OIL, EURO ALL TURN UP WELL

MARKETS TRADING WILDLY, HARD TO POST USABLE CHARTS


A SUDDEN DIP, THEN GOLD CLIMBS BACK UP TO THE TOP WHITE DOWNTREND LINE AND STALLS


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR HITS HIGH OF .7740

JUST BEFORE THE CRIMEX OPEN




2:07AM PST TUESDAY