Thursday, January 7, 2010
GOLD PULSES UP TO THE NEXT 75% POINT ON 123 CONTRACTS THE QUICKLY DROPS
OIL, EURO DROPPING
YEN RISING
GOLD TRADING IN A NARROW $2-3 RANGE ALONG THE SESSION LOWS
VERY LIGHT VOLUME. ALL RALLIES BARELY GO
ANYWHERE
TREND LINES REDRAWN TO INCLUDE THE NEW LOWS
ONCE WE GET PAST THIS PERIOD OF LAX TRADING,
GOLD SHOULD RISE AND GO METEORIC IN THE MONTHS
AHEAD
DAILY S&P 500 CHART
STOCKS CONTINUE TO RISE AS PAPER MONEY
SEEKS A PLACE TO APPRECIATE INSTEAD OF LOSE
VALUE AS THE QUANTITY OF IT INCREASES
120 MINUTE MARCH 2010 YEN CHART (delayed prices)
YEN MOVES LOWER AFTER JAPANESE FINANCE
MINISTER CALLS FOR A LOWER YEN LAST NIGHT
DAILY T BOND CHART
BONDS FORM A LEDGE/DOWN FLAG CONSOLIDATION
TO FALL FROM ON THE FAR RIGHT. BOND MARKET
WILL EVENTUALLY COLLAPSE AS RATES HAVE TO
MOVE MUCH HIGHER TO ATTRACT BUYERS OF OUR
ENORMOUS DEBT
GOLD FALLS TO ONE OF SEVERAL OF THE 75% RETRACE POINTS BELOW
DOWN VOLUME HAS BEEN LIGHT. GOLD IS JUST
DRIBBLING LOWER, NOT A COLLAPSE
GOLD CLOSES UNDER YESTERDAY'S CLOSE PRICE STAYING WITHIN THE WHITE DOWNTREND CHANNEL/FLAG WHICH RESOLVES UP
WOULDN'T SURPRISE ME TO SEE GOLD CREEP
STEADILY HIGHER THIS AFTERNOON AND OVER
NIGHT
GOLD TRADING VERY 'TIGHTLY', NOT MUCH RANGE
NOTHING BUT THE JOBLESS CLAIMS REPORT TO
SHAKE THE MARKET TODAY AND THAT DIDN'T DO
MUCH. DOLLAR IS UP PUTTING SOME PRESSURE ON
GOLD. STOCKS TRADING 'TIGHTLY' TOO
JUST BEFORE THE CRIMEX OPEN
DEPENDING ON THE JOBLESS CLAIMS REPORT IN
10 MINUTES, GOLD WILL MOVE A BUNCH, WHICH WAY
I DON'T KNOW
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