Wednesday, December 23, 2009

11:55PM PST


GOLD KEEPS MOVING HIGHER




10:40PM PST


GOLD HAS MOVED ABOVE THE BLUE TOP LINE OF
THE DOWNTREND CHANNEL

10L15PM PST


GOLD PULLS BACK FROM ITS MORE THAN 100% RETRACEMENT




GOLD HAS BEEN TURNED BACK JUST ABOVE THIS LEVEL ON THREE PREVIOUS OCCASIONS


GOLD RETRACES ALMOST 100%


VOLUME JUST INCREASED NEAR THE TOP, SO IT'S
ABOUT TIME FOR GOLD TO PULL BACK

GOLD CONTINUES HIGHER THAN THE 75% RETRACE POINT




GOLD HAS ALMOST HIT THE 75% RETRACE POINT AND SHOULD PULL BACK SOON




GOLD MOVING UP VERY SLOWLY IN EARLY EVENING TRADING




5 MINUTE MARCH 2010 EURO CHART (delayed prices)


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


JUST BEFORE THE 3PM PST OPEN FOR EVENING TRADING


THE BIG PICTURE


2:15PM PST AFTERNOON GOLD CLOSE



GOLD HAS BEEN TRADING SIDEWAYS IN A RANGE
FOR THE LAST TWO DAYS AFTER BEING KNOCKED
DOWN TO 1075. IT COULD MOVE UP STRONGLY
ON THURSDAY AHEAD OF THE XMAS HOLIDAY LONG
WEEKEND. THURSDAY IS A SHORT SESSION AND
TRADING RESUMES SUNDAY AT 3PM PST.

AHEAD OF THE CRIMEX CLOSE


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR RALLIES ARE ALL FAILING RAPIDLY

GOLD NEEDS TO BREAK ABOVE 1098.20 TO CONTINUE MUCH HIGHER






OIL, EURO SPIKE HIGHER, BONDS, YEN FALLING, SHOULD PULL GOLD HIGHER

A PULL BACK TO THE TOP PURPLE TREND LINE, THEN HIGHER?


BONDS, YEN MOVE UP STRONGLY
STOCKS FALLING A GREAT DEAL
OIL, EURO TURN DOWN

A HIGHER 75% RETRACE POINT IS AT 1108.10


GOLD RISES TO THE NEXT 755 RETRACE POINT ON STRONG VOLUME


GOLD MOVES ABOVE THE PURPLE UPTREND CHANNEL


THE LARGER PICTURE






GOLD RALLIES AFTER A 75% RETRACEMENT



GOLD RALLIES UP TO THE LOWER WHITE UPTREND
CHANNEL LINE AND IMMEDIATELY FALLS BACK
ON STRONG VOLUME. LOOKS LIKE THE BULLION BANK
BEAR RAID WILL CONTINUE

DAILY CHART OF THE DOLLAR


DOLLAR RALLIES TO FILL IN THE GAP DOWN IN SEPT

DAILY CHART OF THE S&P 500


DEVALUED DOLLARS FLOW INTO STOCKS.
AND GET PAID BACK IN EVEN MORE DEVALUED DOLLARS

DAILY CHART OF THE YEN


DAILY CHART OF THE EURO


EURO SHOULD BE ABOUT READY TO MOVE BACK UP

HOURLY EURO CHART


30 MINUTE T BOND CHART


BONDS HOOK UP AFTER A LONG FALL

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR CONSOLIDATING IN AN INVERSE FLAG.
SHOULD FALL A GOOD DEAL

GOLD CREEPS HIGHER IN STEPS, MARKET FEELS VERY THIN


GOLD BEING 'CAPPED' AROUND THE 1190 AREA

GOLD TURNED BACK AT THE WHITE TOP DOWNTREND CHANNEL LINE AGAIN


PROBABLY GOING TO BE A LOT OF UP AND DOWN TODAY




GOLD MOVES DOWN TO THE 75% POINT ON THE CRIMEX OPEN


15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


STOCKS, OIL, EURO, YEN MOVING LOWER

GOLD PULLS BACK JUST BEFORE THE CRIMEX OPEN


GOLD STOPS ON THE 75% RETRACE POINT


4:55AM PST


4:49AM PST


4:46AM PST GOLD MOVING HIGHER QUICKLY




GOLD CONTINUES TRENDING LOWER IN THE WHITE DOWNTREND CHANNEL WHICH SHOULD RESOLVE UP


THE SHORTER TERM BLUE DOWNTREND CHANNEL
ALSO RESOLVES UP. HOLIDAY TRADING HAS BEEN
CALM YET RATHER DIRECTIONLESS IN NON-CRIMEX
SESSION TRADING. IT WILL BECOME MORE ACTIVE
AS THE CRIMEX OPENS