Monday, January 25, 2010

GOLD MAY MOVE BACK UP


GOLD RISES QUICKLY OFF THE LOW ON MODERATE TO LIGHT VOLUME


GOLD STARTING TO BREAK OUT OF THE WHITE
DOWNTREND CHANNEL AND IS NEAR THE 75%
RETRACE POINT, THE 1ST OF MANY ON THE WAY
BACK UP

GREEN UPTREND LINE REDRAWN


GOLD FALLS OUT OF THE GREEN UPTREND CHANNEL, HEAD AND SHOULDERS PATTERN STILL ALIVE


GOLD MOVES UP IN EVENING TRADING


2:15PM PST AFTERNOON GOLD CLOSE


GOLD FINDS SUPPORT ON THE 100 DAY MOVING AVERAGE


THE GREEN UPTREND CHANNEL FROM THE HEAD TO THE RT SHOULDER


GOLD WAS STUCK IN A $7 TRADING RANGE TODAY
AND IS NARROWING THAT DOWN IN AFTERNOON
TRADING

NEXT 3 RETRACEMENT POINTS ABOVE


LAST MINUTE BUYING SPIKE THEN A SELL OFF


VERY LIGHT VOLUME GOING INTO THE CRIMEX CLOSE


GOLD PULLS BACK


30 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR GOING NOWHERE TODAY

GOLD RISES STEADILY TO A PREVIOUS HIGH AND STALLS


OIL MOVES HIGHER

THE LARGER PICTURE


GOLD GROWS WEAKER AS WE NEAR THE CRIMEX CLOSE


AS IS USUALLY THE CASE, GOLD MAY TRADE
SIDEWAYS IN EARLY AFTERNOON TRADING AFTER
THE CRIMEX CLOSE, THEN AFTER THE 3PM PST RE-OPEN
IT MAY WORK HIGHER UNTIL MIDNITE PST WHEN
THE FOREIGN MARKETS CAN MAKE IT MOVE AGAIN

THE SWINGS ARE GETTING WILDER


GOLD WORKS HIGHER IN WIDE SWINGS, MAY GO HIGHER


GOLD GETS BASHED BACK DOWN




GOLD SUDDENLY JUMPS UP TO THE NEXT 75% RETRACE POINT ON 842 CONTRACTS IN ONE MINUTE


GOLD FALLS BELOW THE RED DOWN FLAG




GOLD CONSOLIDATING, MAY MOVE HIGHER



GOLD MOVES UP THROUGH THE 75% RETRACE POINTS WITHOUT MUCH PULLBACK


Existing home sales plummet 16.7% in December


GOLD GETS WHACKED


GOLD CREEPS HIGHER AGAINST MUCH RESISTANCE


GOLD RETEST THE LOW


INVERTED HEAD AND SHOULDERS PATTERN RESOLVES UP


15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES HIGHER

GOLD MOVES UP TO THE NEXT 75% RETRACE POINT


GOLD MOVES UP TO THE 1ST 75% RETRACE POINT AS STOCKS, EURO, OIL TURN UP


15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


STOCKS, OIL,EURO FALL EVEN MORE, GOLD FOLLOWING


NO BUYER ACTIVITY HERE ON THESE LOWS, GOLD MAY FALL FURTHER IF IT DOESN'T RALLY QUICKLY AND STRONGLY


OIL, STOCKS, EURO ALL MOVING DOWN
YEN UP A LITTLE
BONDS DOWN
DOLLAR STILL UP OFF ITS LOWS

GOLD TICKS LOWER AS EURO FALLS


15 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO DROPS, GOLD FOLLOWS

BONDS, OIL, YEN, EURO MOVE LOWER ON THE CRIMEX OPEN, GOLD FOLLOWS DOWN TO THE 75% RETRACE POINT


EXISTING HOME SALES REPORT AT 7AM PST

GOLD SLIPS LOWER AS THE CRIMEX OPEN GETS CLOSER




FEELS LIKEN GOLD IS GOING TO GET HIT ON THE CRIMEX OPEN, THEN A RALLY LATER LIKE USUAL


FIRST THE BULLION BANKS SELL HARD TO SHAKE
OUT THE WEAK LONGS, THEN THEY LET GOLD RISE
AS THEY BUY THEIR SHORT POSITIONS BACK AND
MAKE A PROFIT THAT WAY TOO PLUS THE PROFIT
THEY MAKE ON THEIR NEW LONGS AS GOLD RISES

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


5:00AM PST DOLLAR

GOLD MAY GO LOWER BEFORE THE CRIMEX OPEN







EURO MOVING DOWN, GOLD FOLLOWING


GOLD IS LOWER THAN SHOWN AND DROPPING FAST
GET READY FOR ANOTHER GOLD BASHING DAY ON
THE CRIMEX

GOLD RALLIES ON VERYLIGHT VOLUME AFTER A DIP LOWER


APPEARS THAT THE BULLION BANKS ARE SITTING ON GOLD AHEAD OF THE CRIMEX OPEN