Wednesday, December 16, 2009




12 HOUR EURO CHART


12 HOUR DOLLAR CHART




GOLD RISES $30 SINCE THE LOW ON TUESDAY




2:15PM PST AFTERNOON GOLD CLOSE








NEW UPTREND CHANNEL LINES DRAWN


GOLD MOVES LOWER




GOLD FALLS TO A 75% RETRACE POINT AT 1133


ALL MARKETS GO CRAZY ON THE FOMC REPORT


INITIALLY, GOLD RISES ON ABOUT 350 CONTRACTS
BUT FALLS IN THE NEXT TWO MINUTES WITH A VOLUME
OF OVER 3000 CONTRACTS AND STAYS LOWER IN THE
$7 TRADING RANGE.
APPARENTLY, THE BULLION BANKS WERE PREPARED
TO KNOCK DOWN ANY GOLD RALLY

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


15 MINUTE MARCH 2010 EURO CHART (delayed prices)


FOMC REPORT IN FIVE MINUTES


GOLD RALLIES AFTER THE CRIMEX CLOSE UP TO THE BLUE TOP DOWNTREND CHANNEL LINE


FOMC REPORT IN A HALF HOUR
MARKET WILL GO CRAZY IN BOTH DIRECTIONS
STAY OUT UNLESS YOU WANT TO GET CREAMED

STANDARD CRIMEX SESSION PATTERN, GOOD RUNUP EARLY, THEN TAKE IT ALL BACK FOR THE REST OF THE SESSION, THEN AN AFTERNOON RALLY


EURO, YEN, STOCKS MOVE LOWER, GOLD JUST FELL OUT OF THE RED DOWN FLAG, ALL WAITING FOR THE FOMC REPORT AT 11:15AM PST


GOLD STILL CONSOLIDATING IN THE RED DOWN FLAG


GOLD CONTINUES TO CONSOLIDATE IN THIS RED DOWN FLAG AND SHOULD RESOLVE UP, BUT THE CLOSER TO THE FOMC REPORT THE LESS LIKELY A MOVE WILL OCCUR


AT 11:15AM PST THE FOMC REPORT IS RELEASED

THE MARKET SHOULD TRADE WILDLY AND IS
EXTREMELY DANGEROUS TO TRADE FOR ANYONE,
LET ALONE THE INEXPERIENCED TRADER.
SAVE YOUR MONEY FOR A LATER MOVE

15 MINUTE MARCH 2010 EURO CHART (delayed prices)


15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD, EURO, STOCKS ALL 'FLAGGING' TO MOVE HIGHER


GOLD MOVES ABOVE THE RED DOWN FLAG ON GOOD VOLUME




GOLD STILL WITHIN THE RED DOWN FLAG AND CONSOLIDATING


STOCKS, EURO APPEAR TO BE READY TO MOVE LOWER
SHOULD PULL GOLD LOWER

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR DROPS HARD AND GOLD SPIKES

GOLD COULD MOVE HIGHER OR STOP HERE AND PULL BACK



GOLD NOT BREAKING OUT OF THIS RED DOWN FLAG
WITH MUCH VIGOR. VOLUME IS MODERATE AND
HAS COOLED DOWN AFTER THE RUN UP

15 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO MOVES UP STRONGLY TO JUST BELOW THE
RECENT HIGH

GOLD PUSHES A LITTLE HIGHER AS IT TOPS, THE CLASSIC SUCKER PLACE TO BUY IN


GOLD COULD PULL BACK AND CONSOLIDATE BEFORE
MOVING HIGHER, OR PULL BACK A LOT ON PROFIT
TAKING.
EURO, OIL MOVED UP WELL BUT ARE NOW PULLING BACK

VOLUME STILL BUILDING, COULD BE TOPPING HERE


VERY COMMON FOR VOLUME TO INCREASE RIGHT
AT THE TOP AS LATE COMERS JUMP IN AT THE TOP
ONLY TO GET INSTANTLY CREAMED

THE LARGER PICTURE


GOLD BREAKS OUT OF THE WHITE DOWNTREND CHANNEL AND MOVES ABOVE THE 755 RETRACE POINT AT 1135.1


GOLD MOVING HIGHER THAN SHOWN AND MOVING
FASTER THAN I CAN POST A CURRENT CHART
VOLUME BUILDING, COULD SPIKE MUCH HIGHER

GOLD JUST BOUNCING UP AND DOWN WAITING FOR THE FOMC REPORT AFTER THE CRIMEX CLOSE


NEW DOWNTREND CHANNEL LINES DRAWN



GOLD DEVELOPING A $3 TRADING RANGE

GOLD MOVING HIGHER ON STRONGER VOLUME


GOLD PULLING BACK AFTER HITTING THE 1ST TWO
RETRACE POINTS, AND STOPPING AT A PREVIOUS
HIGH AT 1133.7
IT JUST PEEKED ABOVE THE RED DOWN FLAG

EURO TRENDING LOWER, OIL ALSO BUT NOT AS MUCH, NOT MUCH REACTION TO THE CPI REPORT IN STOCKS


GOLD TESTING THIS HIGH AT 1132
AND MOVING HIGHER

YESTERDAY'S TIC REPORT FOR OCTOBER

http://treas.gov/press/releases/tg443.htm

NET NEGATIVE $13.9 BILLION

BUT THE REAL INFO IS IN THE DETAILS

GOLD DIPS A BIT LOWER BUT RECOVERS IMMEDIATELY, CONTINUES TO CONSOLIDATE HERE


30 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD DROPS ON THE CPI REPORT


GOLD HOLDING ON THE LOWS SO FAR

THE LARGER PICTURE


THE FOMC REPORT IS OUT AT 11:15AM PST TODAY

THAT IS WHEN GOLD TRADING WILL ONCE AGAIN GO CRAZY FOR
A FEW MINUTES. UNTIL THEN,GOLD COULD TRADE FAIRLY QUIETLY
AS TRADERS WAIT FOR THE REPORT.

GOLD MOVING DOWN ON THE CRIMEX OPEN