Thursday, July 16, 2009

GOLD SELLS OFF INTO THE CLOSE AS PREDICTED, NOW A RALLY FROM THE 75% RETRACE POINT AT 934



GOLD MAY STALL HERE AND PULL BACK AHEAD OF THE CRIMEX CLOSE


GOLD RETRACES 75% OF THE MORNING'S SELL OFF



DOLLAR RISES BACK TO .79525




GOLD HITS THE 1ST 75% RETRACE POINT




GOLD STOPS ROUNDING OVER AND MOVES HIGHER TO THE BLUE DOWNTREND LINE AND CLOSE TO THE 1ST 75% RETRACE POINT AS THE DOLLAR BEGINS TO DROP


TIC REPORT IS NET NEGATIVE BY 66.6 BILLION

Treasury International Capital (TIC) Data for May
WASHINGTON – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2009. The next release, which will report on data for June 2009, is scheduled for August 17, 2009.
Net foreign purchases of long-term securities were negative $19.8 billion.
Net foreign purchases of long-term U.S. securities were $7.9 billion. Of this, net purchases by private foreign investors were $31.3 billion, and net purchases by foreign official institutions were negative $23.4 billion.
U.S. residents purchased a net $27.7 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $37.2 billion.
Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $9.8 billion. Foreign holdings of Treasury bills increased $53.1 billion.
Banks’ own net dollar-denominated liabilities to foreign residents decreased $39.2 billion.
Monthly net TIC flows were negative $66.6 billion. Of this, net foreign private flows were negative $82.2 billion, and net foreign official flows were $15.6 billion.
Complete data are available on the Treasury website at www.treas.gov/tic.

DOLLAR RISES TO .79545


GOLD DROPS HARD, THIS 1ST BOUNCE WILL FAIL, GOLD WILL RETEST THE LOW AND MAY GO LOWER BEFORE RALLYING

dollar drops to .7940
Oil, Dow, Euro all fall
Yen rises
Bonds rising

DOLLAR RISES TO .79495, DOW, OIL, EURO ALL RISING TOO

BONDS, DOW RISING, OIL STARTING TO RISE, EURO...NOT YET

Gold will probably drop to either the 75% or 100% retrace point
before rallying

THE LARGER VIEW


OIL AND EURO STILL FALLING, DOLLAR AT .7941


GOLD MAY GO A BIT LOWER BEFORE RALLYING


OIL DROPPING, EURO PULLING BACK, BUT COULD JUMP UP OUT OF THIS DOWN FLAG


DOLLAR GETS ANOTHER PPT GOOSE UP TO .7940

DOLLAR SUDDENLY DROPS TO .7928 OR LOWER

GOLD MAY DROP BEFORE IT SPIKES

GOLD NEEDS TO FALL TO A SUPPORT AREA BEFORE RALLYING WITH ANY STRENGTH


EURO HITTING RESISTANCE, COULD DROP PULLING GOLD DOWN

THE FIBS SAY GOLD SHOULD PULL BACK TO EITHER OF THEM AS THE COINCIDE WITH THE TWO TREND LINES SHOWN (white and purple)


Gold is consolidating here to dropping some more to then spike higher when
the dollar drops more from the PPT goose which is slipping lower
right now (they could goose it more)

GOLD IS WAITING FOR THE JOBS REPORT OUT IN 3 MINUTES

DOLLAR GETS A PPT GOOSE ON THE OPEN TO .79455 DROPPING GOLD FOR THE MOMENT

GOLD MAY SPIKE ANYWAY

LOTS OF SELL ORDERS ABOVE 939, GOLD SHOULD SPIKE ON THE OPEN THEN PULL BACK IMMEDIATELY, MAY TOP AROUND 94230


135 SELL ORDERS AT 940, DOLLAR TANKING, GOLD COULD SPIKE ANY MINUTE

TIC REPORT OUT TODAY AROUND 9AM PDST
JOBLESS REPORT AFTER THE OPEN

DOLLAR FALLS TO .79385, EURO RISING



Wednesday, July 15, 2009

2:15PM PDST GOLD AFTERNOON CLOSE


GOLD SLIPPING A LITTLE NEARING THE AFTERNOON CLOSE AT 2:15PM PDST


DOLLAR HITS NEW LOW AT .7942, DOW STARTING TO PULL BACK FROM ITS HIGHS 30 MINS BEFORE THE CLOSE


Gold continues up and down in an inclining uptrend channel
Other markets have been supportive of gold all day, but the
manipulators have taken every opportunity to keep gold from
rising in a straight line, which it would without their interference

GOLD UP AND DOWN ON A INCLINE ALL DAY, GREAT TRADING FROM THE LONG SIDE ONLY


GOLD KEEPS WALKING UP THE YELLOW UPTREND CHANNEL


Dow up 250 with an hour to go. It could sell off to fill the gap up opening
Dollar remains near its lows
Euro still up well
Oil still up
Bonds totally crapped out today, a big problem for the manipulators
Yen beaten down today. the Japanese love that for their exports

GOLD PRICE IS ABOVE ALL THE MAs BUT THE 100DAY, AND READY TO MOVE PAST THAT TOO.


THREE UPTREND CHANNELS COULD MEAN GOLD IS GOING HIGHER, ESPECIALLY WITH THE DOLLAR TANKING


GOLD TRADING WILDLY IN AFTERNOON TRADING


Dollar down on its lows all day
Euro makes new highs
Dow up 225
Oil up to the 61s
Bonds down hard today making new lows
Looks like massive pressure on gold, otherwise
it would have spiked much higher and quicker,
but the shorts are sitting on it as hard as possible

GOLD BEING HELD DOWN, MAY SELL OFF INTO THE CLOSE




GOLD READY TO RALLY


ALL MARKETS ARE SET UP FOR GOLD TO SPIKE HIGHER, WILL IT?


GOLD COULD SPIKE HIGHER




GOLD IS BEING CONTAINED BY THE TOP LINE OF THE DOWN FLAG SO FAR


DOLLAR FALLING AGAIN, BONDS TOO, DOW UP 165 , EURO RISING


DOLLAR STARTING TO RISE, CURRENTLY AT .7965

DOLLAR DROPS TO A NEW LOW AT .79475


GOLD GETTING READY TO FALL?


Bonds have dropped to make a new intermediate low and are now moving back up
Yen is dropping again
Dow is up about 150
Euro is topping but not falling hard
Oil is flagging and could go higher