Friday, July 31, 2009

I'M LOOKING FOR GOLD TO HIT THE 75% RETRACE POINT AT 94870


Gold should start moving any minute now and
will retrace whichever direction it moves very
quickly then thrash around a good bit.
Take profits on any spike up as quickly as you
can send the order. Preferably have a REASONABLE
limit sell order placed already and be happy with
what you get. Market orders can go horribly wrong.

5 MINUTE DOLLAR CHART


DOLLAR MOVING LOWER

GOLD VERY RELUCTANT TO FALL SO FAR


The gold shorts may get a big surprise this
morning, although they will throw everything
they have at gold to keep it from rising

YEN DAILY CHART


CRUDE OIL HOURLY CHART


BONDS HOURLY CHART


EURO HOURLY CHART


THE CRIMEX BOYZ GO TO WORK BEFORE THE OPEN TO SHAKE TRADERS' CONFIDENCE


Early sales on very light volume to shake up
the market because inexperienced traders are
ready to buy in at the top (and get screwed!)
which is why you only buy in on dips.

DOLLAR CHARTS


5 MINUTE CHART


HOURLY CHART

POSSIBLE RETRACEMENT POINTS IF GOLD GOES DOWN


Gold could easily spike up any moment before
the Crimex open. If not soon, then the open
should be very violent, but end up higher today

GOLD ROSE WELL OVER NIGHT WITH ONE SUBSTANTIAL PULL BACK AND RE-RALLY


Euro up well
Yen down
Dollar down trending again until the next
PPT intervention
Gold ready to make new highs today

Thursday, July 30, 2009



2:15PM PDST AFTERNOON GOLD CLOSE



GOLD PULLS BACK 75% OF THE LAST UP MOVE


5 MINUTE BOND CHART


A NORMAL PULL BACK FROM THE HIGH




Gold may find support here in the area of the

red top line of the down flag just exceeded

GOLD RISES INTO THE CRIMEX CLOSE



AND AFTERWARDS TOO!




5 MINUTE DOLLAR CHART


10 MINUTES UNTIL THE CRIMEX CLOSE, WILL GOLD RISE OR FALL?


5 MINUTE BOND CHART, BIG BOND SPIKE


The Treasury Department sold $28 billion in 7-year notes on Thursday at a yield of 3.369%.

BONDS SUDDENLY SPIKE, YEN RISES


5 MINUTE DOLLAR CHART


GOLD STARTS TO MOVE HIGHER AS THE CRIMEX CLOSE APPROACHES


THE BOTTOM LINE OF THE RED DOWN FLAG HOLDS


Euro moves back up
Dow holding its highs
Oil on its highs
Yen down
Dollar still down
Bonds move lower again

GOLD SHOULD BE ABLE TO AVOID A BIG SELL OFF HERE




DAN NORCINI SAID YESTERDAY IN HIS COMMENTS THAT RESISTANCE WAS AT 940


Looks like The Boyz at the Crimex are going
to keep gold capped at 940 for today's session
unless something dramatic happens before the close