Thursday, January 28, 2010

HOURLY EURO CHART


HOURLY DOLLAR CHART


9:00PM PST THURS











3PM PST EVENING GOLD OPEN


2:15PM PST AFTERNOON GOLD CLOSE







GOLD APPROACHES THE AFTERNOON CLOSE


GOLD RETRACES 75% OF THE LAST UPLEG


BERNANKE CONFIRMED FOR A 2ND TERM...BUY GOLD AND BULLETS

STOCKS ABOUT TO CLOSE DOWN 125 POINTS OR MORE, GOLD MOVING LOWER


STOCKS, OIL, EURO MOVING DOWN, GOLD FOLLOWING


GOLD MOVES HIGHER IN AFTERNOON TRADING


GOLD HITS THE 75% RETRACE POINT




GOLD RALLIES BACK UP TO YESTERDAY'S CLOSE PRICE


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD COULD EITHER SELL OFF NEAR THE CLOSE OR RALLY STRONGLY


1074.40 IS THE NEW MAJOR LOW


THIS LATE IN THE CRIMEX SESSION ON A THURSDAY
IT'S HARD TO TELL WHAT GOLD MIGHT DO BEFORE OR
AFTER THE CLOSE AFTER SUCH A BIG HIT.
UP VOLUME ON THIS RALLY IS NOT THAT EXCITING AND
DOES NOT INDICATE BUYERS ARE MOVING IN IN GREAT VOLUME

SENATE BOOSTS DEBT CEILING LIMIT TO 14.3 TRILLION

WHY GOLD WOULD GO DOWN ON THIS NEWS IS NUTS1
THAT'S PROBABLY WHY THE BULLION BANKS WERE ORDERED
TO HIT GOLD HARD

GOLD SHOULD RETEST THE LOW NOW, MAYBE GO LOWER BEFORE ANOTHER DECENT RALLY


GOLD TAKES A HUGE HIT OF OVER 5,000 CONTRACTS IN TWO MINUTES



GOLD DROPPING VERY FAST ON HUGE VOLUME
LOW IS REALLY AT 1074.70
GOLD DROPS ON ABOUT 15,000 CONTRACTS IN 5 MINUTES
THE BULLION BANKS HIT IT HARD BECAUSE NO OTHER
MARKETS DID ANYTHING UNUSUAL

180 BIDS AT 1018.8 ONE TICK ABOVE THE LOW


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES LOWER, GOLD MIGHT RALLY

GOLD PULLS BACK BEFORE THE NEXT UP LEG


GOLD STOPS AT THE 1ST 75% RETRACE POINT


GOLD LOOKS LIKE IT'S GOING TO 'COIL' HERE
AND MOVE HIGHER, BUT AT ANY TIME IT COULD
FALL HARD AS YOU HAVE SEEN MANY TIMES

GOLD RALLIES WELL OFF THE LOW, A PULL BACK HERE, THEN HIGHER?


GOLD RETESTS THE LOW AT 1081.7


STOCKS OFF ABOUT 180 POINTS, STARTING TO PULL GOLD LOWER


GOLD DROPS CLOSER TO THE YELLOW LOWER
UPTREND CHANNEL LINE

GOLD FALL TO THE NEXT LOWER 75% RETRACE POINT AS STOCKS FALL TO OFF MORE THAN 140 POINTS


BONDS AND YEN RISING WELL
STOCKS, OIL EURO PAUSE AT THEIR LOWS

GOLD MOVES LOWER, MAY BE READY TO REALLY FALL




GOLD RETRACES MORE THAN 75%


LOWER THAN SHOWN HERE
WILL THE LOW HOLD, OR IS GOLD GOING TO TANK
ONCE MORE?

5 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO MOVES LOWER

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES HIGHER

GOLD FALLS AS STOCKS, OIL, EURO TURN DOWN


VERY FRUSTRATING MARKET TO CALL TODAY, GIVING YOU THE BEST OF WHAT I HAVE


GOLD STARTING TO RALLY




GOLD IS RESPECTING THE WHITE DOWNTREND LINE AND MAY FALL


ALL MARKETS VERY INDECISIVE HERE, GOLD FORMING A LEDGE, COULD FALL


MARKETS ALL REVERSING HERE, GOLD MAY RALLY


GOLD COULD STILL FALL BEFORE THE RALLY, BUT
STOCKS, EURO, OIL ARE TURNING UP AND BONDS, YEN
ARE TURNING DOWN
DOLLAR IS A LITTLE HIGHER
IT IS NOT UNUSUAL FOR GOLD TO DIP JUST BEFORE IT
RALLIES

BONDS, YEN RISING WELL, NOT SUPPORTIVE OF HIGHER GOLD


STOCKS STILL FALLING, EURO MOVING DOWN
GOLD MAY RETEST THE LOWS

GOLD ABOUT TO DROP BELOW THE PREVIOUS LOW AT 1087


GOLD MAY MOVE LOWER AS STOCKS, OIL, EURO MOVE LOWER


GOLD DROPPED BELOW THE BLUE LOWER UPTREND
CHANNEL LINE BUT IS DANCING AROUND IT NOW
I SAY LOWER SHE GOES...MAYBE EVEN TO THE YELLOW
LOWER UPTREND CHANNEL LINE SHOWN AT THE BOTTOM
OF THE CHART

GOLD CONSOLIDATING HERE IN A LEDGE, SHOULD MOVE DOWN TO THE 75% RETRACE POINT BEFORE RALLYING


GOLD MAY FALL TO THE NEXT RETRACE POINT SHOWN
ALTHOUGH IT IS NOW ON THE LOWER BLUE UPTREND
CHANNEL LINE

STOCKS STILL FALLING NOW DOWN 20 OR MORE POINTS, GOLD NOW BELOW THE 75% RETRACE POINT


GOLD WILL RALLY WELL OFF THE LOW THAT RESULTS ON
THIS PULL BACK