Sunday, July 26, 2009

GOLD MOVES LOWER TO THE PURPLE UPTREND LINE, MAY DROP TO THE 75% POINT AT EITHER 9488 OR 9485



DOLLAR HAS CLIMBED BACK UP TO .78945

OIL AND EURO MOVING LOWER, GOLD MAY FOLLOW

DOLLAR PULLS BACK


SUNDAY...EURO GAPS UP ON THE OPEN THEN FALLS BACK TO FILL IT


SUNDAY...DOLLAR OPENS LOWER


GOLD HEADS FOR THE NEXT LOWER 75% RETRACE POINT AT 9488


Euro moves down to fill the open gap
DOLLAR OPENS DOWN AT .7880, currently at .7884

GOLD FALLS SUDDENLY TO ONE TICK ABOVE THE BIDS AT 95020


OPEN INTEREST IS HIGHEST IN DECEMBER '09 GOLD

I will be trading DECEMBER GOLD
as it has the highest Open Interest
October OI is a measily 19k contracts
while Dec has 138 K right now the same
as August which will stop trading on Friday
when First Notice arrives.

65 BIDS AT 95020 IN AUGUST GOLD


GOLD WILL PROBABLY PULL BACK 75% HERE


GOLD FALLS BACK AFTER A HIGH AT 530 JUST SHORT OF THE 2ND 75% RETRACE POINT AT 95340


Euro has a gap up open
Yen falls from the open
No data from my other Indicator markets yet

SUNDAY 7/26/09 GOLD OPENS UP, HITS THE 1ST 75% RETRACE POINT AND MOVES HIGHER ON LIGHT VOLUME


Friday, July 24, 2009

THIS WEEK'S GOLD TRADING

2:15PM PDST AFTERNOON GOLD CLOSE FOR THE WEEKEND



GOLD HAS BEEN CHOPPING SIDEWAYS FOR ONE WEEK


This is a consolidation pattern that resolves upward.

EURO, OIL, DOW MOVING LOWER

HOURLY OIL CHART


EURO STILL WITHIN ITS INTERMEDIATE UPTREND CHANNEL


BONDS ON THEIR LOWS


DOLLAR FALLS


LOTS OF MOVEMENT BUT WEAK VOLUME, WAIT FOR THE BIG DROP


Indicator markets are encouraging to a gold rally,
but the dollar is falling now.

DOW AND OIL FALLING FAST


POSSIBLE RETRACEMENT POINTS IF GOLD GOES DOWN


HOPE YOU TOOK YOUR PROFITS WHILE YOU HAD THEM


When the commodity gods give you a quick windfall, don't
wait for them to give you more...TAKE YOUR PROFITS!
Then re-group and wait for the next opportunity.
Just don't dissipate your winnings with a bunch of little
(or large) unnecessary losses by waiting for larger profits
on any one move. Enough reasonable wins pile up into a large account.
This gold market will screw you out them every time you
wait too long to grab your winnings.

NOT MUCH SUPPORTING THIS LAST UP MOVE ON LIGHT TO MODERATE VOLUME


ONLY BUY THE DIPS, NEVER CHASE A MARKET!

DOW RISING, EURO RISING, OIL UP, BONDS DOWN


Gold could rise now, but until the dollar starts collapsing
again, I'm not trading. I'll wait for a good dip to buy in
October gold for a long rise. August is too close to First
Notice next friday and it's trading much too wildl to take
a chance of getting trapped in a losing position with no time
to get out before FN

BONDS FALL, DOW DOWN, OIL THRASHING, EURO CHOPPING SIDEWAYS, YEN DOWN


Dollar slows its rise and slips a touch.
Nothing to see here folks, keep moving along.

GOLD CONSOLIDATING JUST BELOW THE 75% RETRACE POINT, MAY GO DOWN AS DOLLAR RISES


INDICATOR MARKETS ALL MOVING LOWER, DOLLAR MOVING UP


Gold's last rise was on very light volume, so gold
will probably move lower now

GOLD RALLIES TO THE TOP 75% POINT, BUT NOW WHERE TO?


THIS IS THE 'THRASHING AROUND' PART OF THE CRIMEX MORNING ANTICS


A BLIP UP ON THE OPENING AFTER THE PRE-OPEN SELL OFF




WELCOME TO THE WONDERFUL WORLD OF CRIMEX GOLD



WELL, GOLD DID GO UP OVERNIGHT, BUT NOW WHERE?


Leave it to the Crimex crowd.
Dollar tanking again, Euro up
Any guesses where the Crimex will take it?

I TOLD YOU THE DOLLAR RALLY WOULD GONE BY MORNING, DIDN'T I?


Thursday, July 23, 2009