THERE IS NOTHING SAFE TO TRADE HERE, SO JUST WAIT FOR A BIG SELL OFF TO BUY IN

DOW UP 130, EURO BACK UP TO ITS HIGHS, GOLD RALLYING, DOLLAR MOVES UP TO .7960

SURE LOOKS LIKE A HEAD AND SHOULDERS PATTERN TO ME

BONDS CONTINUE TO FALL
DOLLAR NEAR ITS LOW OF .7949

EURO TOPPING, BONDS MOVE LOWER, DOLLAR ON ITS LOWS

Gold could pull back now

GOLD MAKES A NEW HIGH ON GOOD VOLUME MOVING ABOVE THE BLACK DOWN TREND LINE THEN PULLS BACK

Euro makes new highs
Yen moves back up
Oil moving higher
Bonds stop falling
Dollar new low at .7954

DOLLAR SLIPPING LOWER

GOLD MOVES UP A BIT IN VERY ERRATIC TRADING

Yen still falling
Bonds falling
Euro staying up near its highs

BONDS FALLING STEEPLY, EURO MAKING NEW HIGHS

Yen falls
Dow moves higher then pulls back a bit
Gold starting to fall
Dollar slips to .7956 on delayed prices
could be lower or show a sudden PPT goose

CPI REPORT AND TIC REPORTS SOON

GOLD SPIKES HIGHER ON THE OPEN, BUT PULLS BACK IMMEDIATELY, COULD CONSOLIDATE HERE AND GO HIGHER

Euro is on its highs
Dollar is slipping
Bonds falling
2500 contracts up on the open
with more than 1000 coming back down
gold starting to slip lower
Oil slipping

DOLLAR FALLS FURTHER TO .7959

THINGS ARE READY TO GET WILD!
DON'T DO ANYTHING CRAZY...

GOLD IS SURPRISINGLY CALM AFTER SUCH A LARGE SPIKE, BUT WAIT...

Dollar slips to .7971, Euro and Yen rising, Bonds falling

DOLLAR HAS NEW LOW AT .7966

DOLLAR IS CURRENTLY AT .7974
EXPECT THE PPT TO GOOSE IT HIGHER
WITH EVERYTHING THEY HAVE.

GOLD SHOULD HAVE A RADICAL MOVE UP OR DOWN IN JUST A FEW MINUTES

Be prepared for very quick and violent moves in both directions
REMEMBER THAT THE AUGUST GOLD CONTRACT EXPIRES ON
THE 31ST OF THIS MONTH.
DON'T GET TRAPPED IN THIS MONTH ON SOME RADICAL MOVE.

GOLD HAS BROKEN OUT OF THE WHITE INTERMEDIATE DOWN TREND CHANNEL

NEW TREND LINES WILL BE DRAWN TO INCLUDE THE NEW HIGH

HARD TO PREDICT THE NEXT DIRECTION FOR GOLD

You can be sure the shorts will want to hit gold hard before, or on, the Crimex open
The spike high is an 'outlier' in relation to the down flag created right after it
was made and distorts the computations of the fibs using just the down flag
high and low. I show the retrace points using the ultimate high at 9377 for now.
I will wait for a big pull back before buying in to this market.

USING THE HIGH AT 96670 TO COMPUTE THE RETRACE FIB, 95120 IS THE NEXT HIGHER 75% RETRACE POINT

GOLD SPIKES TO THE 75% RETRACE POINT AT 938 IN OVERNIGHT TRADING AS DOLLAR SINKS TO .7974

Using the previous high at 949 to compute the fibs, the 75% retrace fib
is at 938 as pointed out yesterday.

Using the high at 9921 to compute the fibs, the next major 75% retrace fib
is at 97030

2:15PM PDST AFTERNOON GOLD CLOSE

GOLD RETRACES 75 % OF THE SELL OFF EVEN THOUGH THE DOLLAR IS RISING

GOLD RETRACES UP TO THE 2ND 75% POINT BEFORE PULLING BACK

Dollar rises to .8031

Dow turns back up

Oil on its low

Euro near its lows

Gold still looks weak to me

EURO, OIL, DOW ARE FALLING, DOLLAR IS NEAR ITS LOWS, GOLD SHOULD NOT GO UP MUCH FURTHER

This is probably a bear trap rally

THIS IS NOT THE BOTTOM

GOLD BUILDING A FLAT TOPPED TRIANGLE WHICH IT SHOULD BREAK OUT OF TO THE UPSIDE, BUT CAN IT OVERCOME THE MANIPULATORS?

IT LOOKS LIKE THE MANIPULATORS ARE GOING TO 'CAP' GOLD AT 92780 TODAY, BUT THE DOLLAR IS SINKING FAST RIGHT NOW, SO?

VERY LIGHT VOLUME ON THIS RISE

DOLLAR GETS GOOSED UP TO .8030

THE NEXT TWO 75% POINTS BELOW

YOU CAN GET WIPED OUT ON THIS TYPE OF MOVEMENT

Bonds drop sharply
Dow moving lower
Euro and Oil also pulling back
No good patterns apparent
Let the smoke clear before trading this crap

GOLD DOES SPIKE AGAIN ON OVER 2,000 CONTRACTS, BUT PULLS BACK, MUCH TOO WILD TO RISK TRADING FOR THE INEXPERIENCED TRADER

WILD RALLY, MUCH TO FAST TO TRADE, NOW SETTLING DOWN TO LIGHT VOLUME, BUT COULD SPIKE AGAIN

GOLD OPENS UP WITH A BRIEF UP MOVE ONLY TO SELL OFF IMMEDIATELY ON MODERATE VOLUME

Dollar falls to .80045, so we could have a good gold rally
after this sell off

PPI AND RETAIL SALES REPORTS THIS MORNING

THE TIC REPORT WILL BE OUT IN THE NEXT TWO DAYS

AUGUST GOLD FINAL NOTICE IS ON THE LAST DAY OF THIS MONTH
THEN WE MOVE TO OCTOBER GOLD

GOLD MOVES UP THROUGH THE SELL ORDERS BUT DOESN'T MANAGE TO SPIKE HIGHER

Often, gold will spike through a large number of sell orders and spike higher
Gold is very caustious here coming into the Crimex open.
Gold could spike quickly on, or before, the open, only to collapse on profit taking
immediately. Or, it could sell off before, or on, the open.
It's up to the manipulators which way the allow it to move.
I only trade the precipitous drops by buying the bottoms of them and selling the quick rally
when it stalls on the run up or hits a know stopping point, like a 75% retrace point
or a previous high.

ABOUT 147 SELLERS AT 925

There will probably be a quick sell off any minute, or at least on the open

Notice the 75% retracement points for gold to move higher on the previous

chart

75% RETRACE POINTS FOR GOLD TO HIT ON THE WAY HIGHER