Bonds, Yen moving much higher
Dow plunging
Oil falling
Euro moving lower
Dollar gets a little goose higher to .78415 currently
Thursday, August 13, 2009
GOLD MOVES LOWER ON FAIRLY STRONG VOLUME FOR A FEW MINUTES BUT SEEMS TO FIND SUPPORT ON THE WHITE BOTTOM UPTREND LINE
Bonds, Yen moving much higher
Dow plunging
Oil falling
Euro moving lower
Dollar gets a little goose higher to .78415 currently
GOLD BUILDING A BASE RATHER THAN A LEDGE HERE
I could be wrong, but with the dollar falling, I will stick
with gold moving higher and maybe making new highs today
DOLLAR FALLING LOWER GIVES SUPPORT TO GOLD
The Indicator markets are moving in all different directions,
but the key market is THE DOLLAR and it's falling.
Bonds, Yen rising
Euro down a bit but holding, should rise soon
Oil, Dow down, but may turn up too
Dollar making new lows
THE INDICATOR MARKETS ARE LEANING TOWARDS GOLD MOVING DOWN, BUT I THINK IT WILL RALLY UP AND OUT OF THIS RED DOWN FLAG
Dollar is moving lower, currently at ..7844
A PULL BACK THEN HIGHER?
Dollar up off its lows a bit, currently at .78505
Euro moving back up
Bonds topping
Dow turns up
GOLD HESITATING ON THIS BOUNCE, COULD FALL LOWER
Dollar falling, low at .7853
Bonds, Yen skyrocket
Euro, Oil pulling back
Dow plunging
GOLD RISES TO THE WHITE TOP UPTREND CHANNEL LINE ON 1,120 CONTRACTS THEN IMMEDIATELY PULLS BACK
Euro moving higher
Will gold make a new high?
Dow, Oil, Euro move higher
Bonds down
Dollar up a pinch at .7867 currently
QUOTE OF THE DAY
Feeling good about government is like looking on the bright side of any catastrophe. When you quit looking on the bright side, the catastrophe is still there. ~ P. J. O'Rourke
GOLD PULLS A HEAD FAKE
If moves like these last few don't convince you to take
your profits when you have them, then nothing will.
BONDS, EURO, OIL TURNING DOWN A BIT AFTER MOVING UP
How the hell do you interpret a last few moves like this?
Dollar moves down to .7862, the low for now,
an almost 50% retracement of the last up move.
This sudden up move could keep going, I just don't know
GOLD HAS RETRACED A GOOD BIT BUT COULD TAKE IT ALL BACK IN THE CRIMEX SESSION OR SPIKE HIGHER
At this point I can't tell which way gold will go just before,
or on, the Crimex opening, and I won't have time to tell
you as it happens due to the speed of the markets. Just
be very careful on this opening, as gold could spike fast
and retrace even faster leaving you hanging at the top.
GOLD RISES EXACTLY TO THE 75% RETRACE POINT I POINTED OUT YESTERDAY
I watch this market almost 24 hours a day, but the few hours
I took last night to finally sleep is when Lady Gold decides
to do her big move and I'm not on board when she does it.
DAMN!
Such is the frustration you must deal with when you trade
anything.
Now the pull back an on up to the next 75% retrace point at
95520.
This is the Armstrong Breakout that Sinclair has been talking
about. Buy in on any big dip, but be careful all the way up to
$1000 and just beyond it, as the shorts will do EVERYTHING
they can to keep gold from rising up to, and past, $1000, a
very significant psychological price point.
It's still possible to get a major drop in the price, although not
likely now that gold has made this move. Still, don't ever get
sucked in by your 'confidence' that gold is going up to the moon
and couldn't possibly have a major pull back, as I have found to
my own sadness as my account was savaged for five years in a row
when I put all my faith in Sinclair and Lady Gold.
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