WHO KNOWS WHAT GOLD IS GOING TO DO? I DON'T

THE FOREIGN MARKETS KICK IN ON SCHEDULE

GOLD PULLS BACK TO A 75% RETRACE POINT AND RALLIES A BIT

GOLD WAS CONSOLIDATING HERE IN A LONG LINE BUILDING ENERGY TO MOVE HIGHER BUT HAS JUST MOVED LOWER AS TRADERS BAIL OUT DUE TO LACK OF UPWARD MOVEMENT

WE ARE ABOUT ONE HOUR FROM THE TIME PERIOD

WHEN THE FOREIGN MARKETS KICK IN A GOLD

STARTS TO MAKE SOME SUBSTANTIAL MOVES ANY

TIME FROM 11PM PST THROUGH MIDNIGHT PST AND

PERIODICALLY DURING THE WEE HOURS

GOLD CHOPPING SIDEWAYS ALONG ITS NEW LOWS

GOLD GETS KNOCKED DOWN AND IS STAYING DOWN NEAR ITS LOWS

THE BULLION BANKS TOOK ADVANTAGE OF THE NEWS

THAT THE CHINESE HAVE INCREASED THEIR RESERVE REQUIREMENTS:

(http://www.marketwatch.com/story/analysts-divided-on-pboc-tightening-2010-01-12),

AND

(http://www.marketwatch.com/story/gold-dips-on-china-concerns-stronger-dollar-2010-01-12 )

ANY REASON WILL DO.

THE FACT IS THAT GOLD GOT KNOCKED FOR A LOOP AND IS A

GREAT CASH BUY DOWN HERE.

TRADERS HAVE TO BE MORE CAREFUL

2:15PM PST AFTERNOON GOLD CLOSE

15 MINUTE MARCH 2010 S&P 500 CHART (delayed prices)

STOCKS MOVING LOWER OVERALL

5 MINUTE MARCH 2010 EURO CHART (delayed prices)

EURO SELLS OFF WITH GOLD

HOURLY TBOND CHART

BIG TBOND RALLY

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)

GOLD TRENDS SIDEWAYS AFTER THE BIG SELL OFF

THE LARGER PICTURE

GOLD PLUMMETS ON VERY STRONG VOLUME BELOW THE YELLOW LOWER UPTREND CHANNEL LINE AND MORE THAN 75%

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)

DOLLAR MOVES UP AS GOLD MOVES DOWN

GOLD FALLS HARD ON STRONG VOLUME

GOLD MAKES A NEW SESSION LOW

TREND LINE REDRAWN TO INCLUDE THE NEW LOW

GOLD WOBBLES LOWER AS STOCKS FALL NEAR THEIR LOWS OF THE DAY

EURO TRENDING A BIT LOWER

GOLD TESTS THE WHITE UPTREND LINE AND IT HOLDS

AN INVERSE HEAD AND SHOULDERS PATTERN IS DEVELOPING, THAT RESOLVES UP

STOCKS, OIL TURNING UP

EURO, NOT YET, BUT SHOULD SOON

AS USUAL, GOLD JUST HAD TO DIP DOWN TO THE 75% RETRACE POINT SO IT COULD RALLY

GOLD RALLIES OFF THE 75% RETRACE POINT WITH

GOOD VOLUME AND SHOULD CONTINUE HIGHER

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)

DOLLAR MAKES NEW LOWS THEN BOUNCES A BIT

GOLD SELLS OFF TO THE 61.8% RETRACE POINT, MAY GO A BIT LOWER

GOLD MOVES BACK UP A LITTLE HIGHER AS EURO RISES WELL

GOLD MAY HAVE TOPPED OUT FOR NOW AS STOCKS, EURO, OIL PULL BACK AFTER A GOOD RUNUP

WE SHOULD GET A DECENT PULLBACK HERE TO

BE ABLE TO BUY BACK IN FOR THE NEXT MOVE HIGHER

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)

DOLLAR MOVES LOWER

GOLD MOVES HIGHER TOWARDS THE NEXT 75% RETRACE POINT AT 1154.8

GOLD HITS A 75% RETRACE POINT AND IS PULLING BACK TO RESET AND MOVE HIGHER

GOLD MOVES UP STRONGLY, WILL CONTINUE IN STAIR STEPS

GOLD BREAKS OUT HIGHER ON STRONG VOLUME

GOLD BREAKS OUT OF THE RED DOWN FLAG WITH NOT MUCH MOMENTUM

GOLD PULLING BACK IN A DOWN FLAG THAT WILL BREAK HIGHER

GOLD RISES TO THE 75% RETRACE POINT, NOW A PULL BACK, THEN HIGHER

GOLD HAS PENETRATED THE RED RESISTANCE LINE AND IS MOVING UP ON MODERATE VOLUME

GOLD RALLIES TO THE BOTTOME RED LINE OF THE TRADING RANGE/DOWNTREND CHANNEL JUST VIOLANTED TO THE DOWN SIDE FIND RESISTANCE..NORMAL

GOLD NOT PENETRATING THE RED RESISTANCE LINE

EVEN WITH FAIRLY GOOD UP VOLUME

MAY DO IT SOON THOUGH

SO FAR, THE WHITE LOWER DOWNTREND CHANNEL

LINE IS HOLDING AS THE LOW

GOLD STARTS TO FALL, COULD STOP ON THE WHITE BOTTOM DOWNTREND CHANNEL LINE OR FALL TO LOWER RETRACE POINTS

STOCKS, OIL, EURO HAVE TURNED DOWN

YEN MOVING UP AGAIN
BONDS MOVING UP

NOT GOOD FOR HIGHER GOLD

DOLLAR HAS TURNED UP A BIT

GOLD STARTING TO PIERCE THE LOW

GOLD RETEST THE LOW A 4TH TIME

THIS IS TURNING INTO A GIANT LEDGE TO FALL FROM

STOCKS, OIL KEEP INCHING UP, EURO NOW STARTING TO MOVE UP

GOLD MOVES UP ON GOOD VOLUME THEN FADES

AND WON'T FOLLOW THROUGH

COULD BE A PROBLEM AND MAKE TRADERS START

TO BAIL OUT AND DROP GOLD