Wednesday, August 12, 2009
GOLD RETESTS THE HIGH AND MOVES HIGHER ON
AND QUICKLY PULLS BACK finding some support
at the top yellow downtrend line for now
NOW A PULLBACK?
Dollar is slipping from its highs, currently at .79125
Bonds and Yen falling
Dow up 100, Oil up, Euro climbing
GOLD RETRACES TO THE 75% POINT AT 94940 AND THE YELLOW DOWNTREND LINE
Volumes are erratic buy bordering on moderate.
Some of this could be short covering to take the
profits they have manipulated so far. This has
been three days of very unusual trading for gold
but when the FOMC report comes out today at
11:15am pdst, the market may/should go crazy
for a few minutes after the report hits the wires.
GT COMMENTS
In recent days the economic situation has finally triggered the populace to voice its anger
over what our 'leaders' have done to us all.
The sad part is that those who are blessed to have access to our TV media don't have a clue
why the people are mad and becoming violent.
Chris Matthews, yesterday, interviewed the fellow who carried a loaded side arm (legally in his state) outside O'bomba's town meeting.
He grilled the man in such an authoritarian manner, with the implication that the man was a nut, that I would have thought Chris was our 'National Prosecutor' of all things unAmerican.
The man held his ground, despite the unfamiliar territory before the lights and cameras and was
informed enough to counter all Matthew's prosecutorial thrusts with his limp sword of indignation at a citizen who dared to own his Constitutional, legal right to have, carry, and use a weapon as well as voice his complaint of how our country is being pushed into the ditch by people who have the real weapons that they use to keep the population in line, seat belted up, driving the correct speed and eating the right foods and disciplining their children properly.
None of our TV commentators realizes that the problem is that the MEDIUM OF EXCHANGE is being destroyed, which destroys the populace's ability to conduct TRANSACTIONS among themselves, which is what our commerce really is, the accumulation of all our transactions.
When you destroy the medium of exchange (the blood system of an economy) you kill the economy (patient) and drive the system into anarchy.
Those in power only care about retaining that power and the benefits that come with it.
They will use the weapons they have accumulated with the money they have stolen from the populace through taxation, fines, and inflation to keep that very population under control, or they will eliminate those who they can't control, and that DOESN'T mean locking them up in prison cells, as California has recently found out they can't afford to do.
IT MEANS KILLING THEM!
They will eventually use the youngsters in the military that they have trained to be killers and who they have mentally crippled in our phoney wars and brought back home to go nuts on us.
These kids could care less about shooting a stranger...they've already done it many times.
The change of clothing won't matter to them. They just like seeing bodies explode.
Be very aware that you are now walking in Human Country (like the warning signs that warn you when you're in Bear Country) and you won't know which ones are on their last nerve and could explode on you in a fit of insanity brought about by desperation and their inability to do anything about it while those who 'should' be able to help try ineffectually to calm them with soothing words that 'everything will be okay'.
Yeah? Bullshit!
Stay on your toes and keep your eyes doing a 360 degree swivel at all times and when you think you are safe, be doubly on guard, because that's when you are the most vulnerable.
over what our 'leaders' have done to us all.
The sad part is that those who are blessed to have access to our TV media don't have a clue
why the people are mad and becoming violent.
Chris Matthews, yesterday, interviewed the fellow who carried a loaded side arm (legally in his state) outside O'bomba's town meeting.
He grilled the man in such an authoritarian manner, with the implication that the man was a nut, that I would have thought Chris was our 'National Prosecutor' of all things unAmerican.
The man held his ground, despite the unfamiliar territory before the lights and cameras and was
informed enough to counter all Matthew's prosecutorial thrusts with his limp sword of indignation at a citizen who dared to own his Constitutional, legal right to have, carry, and use a weapon as well as voice his complaint of how our country is being pushed into the ditch by people who have the real weapons that they use to keep the population in line, seat belted up, driving the correct speed and eating the right foods and disciplining their children properly.
None of our TV commentators realizes that the problem is that the MEDIUM OF EXCHANGE is being destroyed, which destroys the populace's ability to conduct TRANSACTIONS among themselves, which is what our commerce really is, the accumulation of all our transactions.
When you destroy the medium of exchange (the blood system of an economy) you kill the economy (patient) and drive the system into anarchy.
Those in power only care about retaining that power and the benefits that come with it.
They will use the weapons they have accumulated with the money they have stolen from the populace through taxation, fines, and inflation to keep that very population under control, or they will eliminate those who they can't control, and that DOESN'T mean locking them up in prison cells, as California has recently found out they can't afford to do.
IT MEANS KILLING THEM!
They will eventually use the youngsters in the military that they have trained to be killers and who they have mentally crippled in our phoney wars and brought back home to go nuts on us.
These kids could care less about shooting a stranger...they've already done it many times.
The change of clothing won't matter to them. They just like seeing bodies explode.
Be very aware that you are now walking in Human Country (like the warning signs that warn you when you're in Bear Country) and you won't know which ones are on their last nerve and could explode on you in a fit of insanity brought about by desperation and their inability to do anything about it while those who 'should' be able to help try ineffectually to calm them with soothing words that 'everything will be okay'.
Yeah? Bullshit!
Stay on your toes and keep your eyes doing a 360 degree swivel at all times and when you think you are safe, be doubly on guard, because that's when you are the most vulnerable.
THE MAJOR BLACK UPTREND CHANNEL
The lower black uptrend line ignores the low
at 7096 because drawing the line through that
point would tilt the uptrend line down much too
severely. However, the RED uptrend line includes
that point and is also valid as gold 'could' drop to it.
I am of the opinion that gold is under pressure from
a concerted plan by the 'manipulators' to drive it WAAAAY
down so they can profit from the short AND accumulate
all the gold they can before they allow gold to skyrocket
to where it 'should' be given the flood of paper money
in which it is traded which is becoming worth less and less
as more of it is created and pumped into circulation
ultimately causing a hyper inflation the world has never
seen before.
Tuesday, August 11, 2009
GOLD IS GOING ABSOLUTELY NOWHERE RIGHT NOW
The small moves and lack of any discernible
direction in gold from moment to moment
makes it foolish to trade right now.
Don't be starved for trading action and impulsively
trade just to do something. WAIT...a major move
in gold is going to happen soon. Save your ammo
to trade it. It will make you rich beyond your
wildest dreams if you play it right.
GOLD HOVERING UNDER THE 75% RETRACE POINT AT 94980 TRADING IN LIGHT VOLUME
Euro moving up
Dow, Oil turn higher
Dollar slipping lower, currently at .7924
But I don't see gold shooting higher right now
on any strength.
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