Monday, August 3, 2009
DOLLAR SHOWS A DROP
Very tricky place to go long, but gold could spike
here and just blow past the 75% retrace point at
96490.
Euro just keeps moving higher
Bonds falling
dow very strong, up 115
Oil on its highs
Yen may be falling, but static for now
Gold pulling back right now
GOLD RISING WELL, EURO RISING, BONDS PLUNGING AGAIN
Gold nearing the 75% retrace point at 9649, but
could spike. My delayed dollar charts don't show
a drop yet.
GOLD STRUGGLES HIGHER, THEN JUMPS TO JUST SHY OF THE PREVIOUS TOP
Bonds plunge
Dollar plunges
Euro higher
Yen falls then rallies
Dow back up 62 points after a drop
Very erratic markets moving very fast
I scalped a little off that last move, and expect
gold to pull back then move higher as the dollar falls
GOLD RETESTS THE LOW AS USUAL
Dow, Oil, Euro moving lower
dollar rises a bit, but is in horrible shape
Bonds are pausing in their rise
Yen is slightly lower
Hopefully gold isn't forming another ledge to fall
from. I'm looking for a short term target at 96220
GOLD PULLS A HEAD FAKE, RISES TO ONE TICK SHY OF THE PREVIOUS HIGH, AND PULLS BACK
Good volume here and gold might spike higher,
but when it is stopped at a previous high, instead
of breaking through, I get suspicious.
It appears the bullion banks are intent on holding
gold down during the Crimex session.
The dollar is falling, so there will be a battle and
gold might move higher anyway.
As I type this gold is plunging.
EURO NEAR ITS HIGHS, OIL UP, DOW UP 75, DOLLAR RISING
Bonds move up after an overnight sell off
Gold may go into a trading range for a while here.
Where it will move after that in the short term
is a mystery right now.
GOLD PULLS BACK, RALLIES, THEN STALLS A BIT
Very hard to tell if gold will pull back more from
here or move back up
GOLD BREAKS OUT ABOVE THE INTERMEDIATE YELLOW DOWN TREND CHANNEL TOP LINE
The morning gold spike was very quick, and
apparently taken back in a flash. Gold
is now consolidating at this level for a further
move higher as the Dollar falls lower.
Intervention by the PPT and bullion banks
can, and probably will, screw with the markets
a bit before gold can move higher.
They are probably very pissed that it has moved
as high as it has, but 'insiders', the most powerful
people in the world, are also accumulating their gold
as a safe haven before the paper currencies collapse soon.
GT HAVING PROBLEMS POSTING GOLD CHARTS
As usual Internet Explorer is locking up
so I can't get Blogger to load to post the charts.
I've been up all night following gold until 3am pdst
when I shut my eyes for one hour.
Of course, that's when gold took off.
I'm dead tired and may go back to bed depending
on how the market trades here.
I'm not going to chase gold higher.
I'm waiting for a decent pull back to buy back in.
I'll be posting charts shortly after I reboot.
so I can't get Blogger to load to post the charts.
I've been up all night following gold until 3am pdst
when I shut my eyes for one hour.
Of course, that's when gold took off.
I'm dead tired and may go back to bed depending
on how the market trades here.
I'm not going to chase gold higher.
I'm waiting for a decent pull back to buy back in.
I'll be posting charts shortly after I reboot.
Sunday, August 2, 2009
GOLD FORMING A SMALL UP FLAG/LEDGE TO FALL FROM
Gold will probably fall from here, then move up
and make a new high in the wee hours, only
to get bashed at the Crimex in the morning.
That has been the pattern for a long time now.
GOLD FORMS A LEDGE TO FALL FROM
Euro falling
Yen rising
Oil leveling off
Bonds stop falling
Dollar rising
GOLD BREAKS UP AND OUT OF THE BLUE DOWN FLAG TO ONE DOLLAR SHORT OF THE HIGH AT 960
Euro, Oil rising
Bonds falling
Dollar at .7842 on my delayed price charts.
It might be falling
GOLD SHOULD BREAK UPWARDS OUT OF THE BLUE DOWN FLAG
BUT...gold ususally makes a wildly adverse move
before it moves higher, so be careful at this level.
I will wait for a good dip to buy in.
SUNDAY GOLD OPENS GAP DOWN, RECOVERS SOME OF IT, NOW CHOPPING
Euro slipping a bit, gold may go lower
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