Friday, January 22, 2010

STOCKS DOWN 205 POINTS, GOLD RISING


STOCKS DOWN 135 POINTS


STOCKS DOWN 100 POINTS, GOLD HAS A SMALL RALLY WITHIN THE DOWNTREND CHANNEL


GOLD MOVES LOWER INTO THE CRIMEX CLOSE


LOOKS LIKE GOLD MIGHT CONTINUE LOWER IN
AFTERNOON TRADING

GOLD MOVES A LITTLE LOWER


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES LOWER

GOLD MOVES DOWN TO A LOWER 75% RETRACE POINT, MAY MOVE LOWER INTO THE CRIMEX CLOSE WITH A RALLY ON THE CLOSE


VOLUME IS GROWING LIGHT AS GOLD PULLS BACK BEFORE POSSIBLY BREAKING OUT HIGHER BEFORE THE CRIMEX CLOSE


GOLD MAY BREAK UP AND OUT OF THE RED DOWN FLAG BUT IT'S GETTING LATE IN THE SESSION


OFTEN, THIS LATE IN THE CRIMEX SESSION GOLD
DOESN'T MAKE BIG MOVES AFTER ALL THE ACTIVITY
WE'VE ALREADY HAD. BUT ANYTHING IS POSSIBLE
JUST DON'T BUY THE TOP AND HAVE IT SELL OFF
ON THE CLOSE ON YOU

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GREAT RALLY SO FAR, BUT A PULL BACK IS DUE



GOLD HAS MOVED ABOVE THE WHITE DOWNTREND
CHANNEL

GOLD RALLIES WELL TO THE TOP 75% RETRACE POINT


GOLD STOPS AT THE BLUE DOWNTREND LINE AT THE 75% RETRACE POINT


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)



STEADY RALLY ON GOOD VOLUME, NOW A PULL BACK THEN HIGHER


THE SELLING PRESSURE WON'T LET UP


PRETTY SOON THE SHORTS WILL MOVE IN TO COVER
THERE SHORT POSITIONS AND TAKE THE PROFIT.
GOLD WILL MOVE UP WHEN THEY DO

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


THE BUYERS ARE REALLY HANGING IN HERE!


BUT THE BULLION BANKS ARE OVER WHELMING THEM
WITH SELL ORDERS

BIG BATTLE ON THE LOW, UP OR DOWN?


GOLD WILL RETEST THE LOW OR GO LOWER




GOLD PLUNGES ANOTHER $3 TO 1085


GOLD BOUNCES OFF THE LOW WELL BUT MAY
FALL BACK TO RETEST THE LOWS

GOLD FALLS A BUNCH AS STOCKS, EURO PLUNGE, OIL DOWN, BONDS, YEN ALSO DOWN


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES UP A BIT


GOLD MIGHT PULL BACK HERE THEN MAKE A 2ND LEG HIGHER


GOLD JUMPS TO THE 75% POINT AND PULLS BACK,
ANOTHER PUSH HIGHER?



THIS RALLY IS POOPING OUT AND SHOULD RETEST THE LOWS


A SECOND SPURT UP THEN BACK DOWN
GOLD MAY HIT THE 75% POINT THEN PULL BACK
OR BLAST THROUGH HIGHER AS EURO IS MOVING
UP WITH STOCKS


WILL 1088 HOLD?


GOLD MAY FALL LOWER


EURO FALLING FAST, STOCKS TURN LOWER


GOLD HAS ALMOST HIT THE 75% RETRACE POINT FOR THIS WHOLE
UP MOVE, BUT COULD GO LOWER.
THIS IS A MARKET WITHOUT A DIRECTION TODAY, SO IT'S
ALL OVER THE PLACE

WILL GOLD BREAK UP OUT OF THIS RED DOWN FLAG?


NOPE!

STOCKS, OIL, EURO MOVING LOWER, GOLD SHOULD FOLLOW


NEW LINES DRAWN


GOLD MOVES ABOVE THE WHITE DOWNTREND CHANNEL TOP LINE ON MODERATE VOLUME THE SUDDENLY PULLS BACK AS STOCKS TURN DOWN


VERY QUIET TRADING AS GOLD IS ONCE AGAIN STOPPED AT 1094.9


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


STOCKS ARE MOVING UP AT THIS MOMENT

GOLD MOVES A BIT LOWER ON THE CRIMEX OPEN, DOLLAR A BIT HIGHER, EURO DROPS A PINCH, STOCKS UP, OIL MOVING LOWER


BONDS, YEN TURN DOWN
LOTS OF MIXED SIGNALS

FIRST NOTICE DAY FOR FEB 2010 GOLD IS NEXT FRIDAY 1/29/10

IMPORTANT NOTICE

GOLD RALLY STOPS AT THE PREVIOUS HIGH AT 1094.9


NO REPORTS TODAY

GOLD MOVING UP AHEAD OF THE CRIMEX OPEN ON LIGHT TO MODERATE VOLUME, BUT MAY FALL ON THE OPEN


15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR AT 4:49AM PST

GOLD SHOULD FALL, STOCKS, OIL, EURO MOVING DOWN, YEN, BONDS UP


STOCKS, OIL, EURO JUST TURNED DOWN, GOLD MAY FOLLOW


GOLD DOES TURN LOWER

STOCKS RISING, GOLD COULD RALLY TO THE TWO 75% RETRACE POINTS SHOWN


THIS LITTLE SIDEWAYS 'S' PATTERN IS A CONTINUATION
PATTERN, BUT IT MAY FAIL AS IT TURNED DOWN
ONE TOO MANY TIMES
NOW IT'S JUST A CONSOLIDATION THAT COULD BREAK OUT
HIGHER, EXCEPT IT JUST WENT A BIT LOWER



15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR RISING A BIT

GOLD MAKES IT UP TO THE 75% RETRACE POINT, NOW A PULL BACK?