Monday, July 20, 2009

5 MINUTE CHART OF THE DOLLAR


GOLD DOES PULL BACK


DOW, OIL, EURO MOVING DOWN, GOLD MAY PULL BACK

JUST BEFORE THE CRIMEX OPEN


Dollar just dropped to near the low at .7892

LAST MINUTE MOVES BEFORE THE OPEN


GOLD MAKES A NEW HIGH AS THE CRIMEX OPEN APPROACHES


Gold is either going to move higher briskly before, or on,
the open...or be beaten down by the shorts. Either way,
a lively move is about to happen.

DOLLAR SINKS LOWER, PREVIOUS LOW AT .7960


Expect a PPT goose to the Dollar this morning, if not, it
could make a new low and gold should really take off.
This is all in line with the 'Armstrong' predicition and is
pretty much on schedule

Sunday, July 19, 2009

RETRACEMENT POSSIBILITIES



DOLLAR FALLS JUST SHY OF THE PREVIOUS LOW AT .7929


GOLD APPROACHES THE TOP AT 94230, NEXT TWO TOPS ARE 947 AND 949


GOLD MAY PULL BACK TO THE 1ST 75% RETRACE POINT, OR LOWER TO THE TOP YELLOW DOWNTREND LINE WHERE SUPPORT SHOULD EXIST


GOLD MAY RISE TO THE NEXT 75% RETRACE POINT AT 95120


GOLD ALSO HITS THE 75% RETRACE POINT AND MAY PULL BACK


GOLD STOPS AT THE PREVIOUS TOP AT 9398, NEXT TOP AT 9423


DAILY CHART OF THE US 30 YEAR T BOND


This market is headed for a total collapse which will drive
interest rates to the moon and destroy any and all economies by
driving the cost of borrowed money (which isn't being lent by
the banks that were just given BILLIONS of our tax money to lend, instead
using it to trade and pad their balance sheets) to levels that
no one will be willing to accept, thus preventing capital improvements
or borrowing for business ventures.

6 HOUR CHART OF THE EURO AS OF SUNDAY EVENING 7/19/09


The Euro is in a long down trend channel/flag which
should resolve up. I can't draw trendlines on these charts

60 MINUTE CHART OF THE DOLLAR AS OF SUNDAY EVENING 7/19/09


GOLD IS PRESSING AGAINST THE TOP YELLOW DOWNTREND LINE AND MAY MOVE HIGHER AS THE DOLLAR SLIPS AND THE EURO RISES


SEPT '09 IS NOW THE FRONT MONTH FOR CRUDE OIL

ALL CURRENCIES I QUOTE ARE SEPTEMBER '09 FRONT MONTHS
ONLY GOLD IS AUGUST '09
AND WILL CEASE TO BE THE FRONT MONTY ON THE 31ST OF JULY
ON FIRST NOTICE DAY

WE WILL MOVE TO OCTOBER '09 GOLD
IT IS NOT ADVISABLE TO BE TRADING AUGUST GOLD
BETWEEN NOW AND AUGUST 1ST WHEN THE OCTOBER CONTRACT
BECOMES THE FRONT MONTH TO PREVENT BECOMING TRAPPED
IN AN ADVERSE POSITION AND BEING FORCED TO GET OUT OF YOUR
POSITION AT A LOSS ON FIRST NOTICE DAY

GOLD BARELY MOVING IN SUNDAY EVENING TRADING




NEW TRENDLINES DRAWN


Friday, July 17, 2009

CONTINUOUS CHART OF LIGHT CRUDE OIL TO DATE


CONTINUOUS CHART OF THE DOW TO DATE


CONTINUOUS CHART OF THE YEN TO DATE


CONTINUOUS CHART OF THE EURO TO DATE


CONTINUOUS CHART OF TREASURY BONDS TO DATE


CONTINUOUS CHART OF THE DOLLAR TO DATE


THE MAJOR BLACK DOWN TREND CHANNEL THAT WILL RESOLVE UPWARDS


THE BIG PICTURE


THIS WEEK IN GOLD TRADING


2:15PM PDST AFTERNOON CLOSE FOR THE WEEKEND

Gold managed to hold on to its gains today. This is VERY significant.
Gold is in the "Armstrong" window where he predicts gold will take off for new highs.

The selling pressure from the guv'mint, via their sycophants at the Crimex
and the bullion banks, will not cease until they realize that their short positions
are going to bankrupt them as gold seeks the dollar price level it requires to reach a balance
with all the worthless paper dollars that has been injected into the money supply
that is a defacto case of the world's worst case of hyper inflation ever created.

GOLD CONTINUES TRADING IN A NEW WHITE DOWNFLAG SITTING ON TOP OF THE PREVIOUS YELLOW DOWN FLAG WHICH IS PROVIDING SUPPORT




GOLD HANGS ON INTO THE CLOSE, COULD RISE NOW

Bonds and Yen fall hard
Dow rising
Oil near its highs
Euro flagging after its up move
Dollar slipping lower

OIL AND EURO RISING, DOLLAR EDGING LOWER SLIGHTLY

GOLD SUPPORTED BY THE 10 DAY MA BUT FINDS RESISTANCE AT THE 100 DAY MA


GOLD WILL PROBABLY SELL OFF INTO THE CRIMEX CLOSE


GOLD TRADING UP AND DOWN 75% ALL DAY, BUT IT'S TIME FOR IT TO SELL OFF THE CLOSER WE GET TO THE CRIMEX CLOSE


GOLD STOPS ON THE TOP LINE OF THE WHITE DOWN FLAG


SELLER VOLUME BUILDING JUST ABOVE HERE



DOLLAR STARTS TO RISE, CURRENTLY AT .7965


BONDS, DOW, OIL ALL MOVING LOWER

GOLD ABOUT TO FALL?


GOLD MAKING LOWER HIGHS WITHIN THE DOWN FLAG AND RALLYING MORE WEAKLY EACH TIME

Euro steadily dropping
Bonds moving back up
Dow goes negative
Oil pulls back
Dollar slowly moving lower grudgingly

BONDS MAKING NEW LOWS, COLLAPSE OF BOND MARKET IN PROGRESS

GOLD MANAGES TO STAY ABOVE THE OLD YELLOW TOP DOWNTREND CHANNEL LINE FOR NOW

I expect gold to drop through current support as the day wears on as
traders see gold not rising further and decide to take their profits.
Gold is, however, consolidating here, and could break out higher.
I just think the shorts will do everything in their power to hold gold
at, or under, 940 for now.
They can't let gold close above 950, or gold will move much higher, and
they don't want that to happen.

SELLERS MOVE IN AS GOLD APPROACHES TODAY'S RALLY TOP

Oil appears to have topped for now
That could take support from gold
Yen rising, Euro dropping
Dow barely moving but just above even

EURO BREAKS UP AND OUT OF ITS DOWN FLAG, BOND STILL FALLING

Dollar not moving much
Yen down
Dow up 5