Wednesday, August 26, 2009

GOLD HAS CONSOLIDATED JUST UNDER 947 AND MAY SPIKE HIGHER SOON


The next retrace point is at 94840, but has to exceed
the next two highs at 947 and 94760 first.
Gold could even spike up to 95080

GOLD HAS RETRACED UP A BIT MORE THAN 75%, NOW BACK DOWN 75%..OR MORE


THIS IS MORE THAN LIKELY A FALSE RALLY THAT WILL FAIL AND MOVE DOWN TO THE 75% POINT AT 94280 OR CLOSE TO IT


Gold has the habit or tendency of almost always reaching
the 75% retrace points regardless of the interim moves it
will make. If you let the interim moves fake you out and
chase the market, you may be disappointed when the market
turns on you and goes where it needs to go to fullfil the fibonacci
habit of being right almost always

GOLD IS GETTING READY TO MOVE LOWER BEFORE IT RALLIES


GOLD MAY FALL TO THE 75% RETRACE POINT AT 94280


GOLD MOVES LOWER


GOLD MOVES UP TO THE PREVIOUS HIGH NEAR THE 75% RETRACE POINT


15 MINUTE DOLLAR CHART (delayed prices)


AFTERNOON GOLD MOVES LOWER



HOURLY S&P500 CHART (delayed prices)

This is a topping formation as stocks fail to exceed the
previous high and thrash about in a consolidation/ledge
which should resolve down

DAILY CHART OF T BONDS (delayed prices)


Notice that Bonds have NOT been able to move above
the previous high. Bonds will eventually collapse, driving
interest rates sky high where they belong. Interest Rates
are THE COST OF MONEY. That cost is DENOMINATED
in the very currency (Dollars) that are losing value. Thus,
the need to get even HIGHER interest rates as a return on
the bonds that people INVEST in.

HOURLY EURO CHART (delayed prices)


HOURLY DOLLAR CHART (delayed prices)


2:15 PM PDST AFTERNOON GOLD CLOSE


Nothing new today. The Crimex manipulators drive gold
down after the opening rally so it can creep up the rest of
the session. The important lesson here is to take your profits
quickly on the rally...DON'T BE GREEDY!... and then GET OUT
and STAY OUT until gold makes it's usual scarey low. Notice
than gold almost always retests these scarey lows, which is
where you can more safely buy in and hold on for a decent
move higher.

GT'S BODY FINALLY GIVES OUT AND REQUIRES SLEEP

I pushed it as far as I could, but this morning I went into 'corpse mode'.
I slept like a rock until 1:30pm pdst today as I needed some REM sleep.
I haven't had more than two continuous hours of sleep for days, which
can eventually kill you. So my body rebelled and put me down for the rest
it needed.

Tuesday, August 25, 2009

GOLD PULLS BACK AFTER A GOOD UP MOVE, WILL MOVE HIGHER


GOLD MOVES UP


GOLD MOVES HIGHER OUT OF THE RED AND WHITE DOWN FLAGS


GOLD COULD PULL BACK OR MOVE HIGHER FROM HERE, WE SHALL SEE


Dollar has moved higher but not much
Euro has been strong, but is slipping back for now
Wait for a good pull back to go long, then take your
profits before the Crimex session begins.

GOLD CLIMBS OUT OF THE WHITE DOWNTREND CHANNEL IN EVENING TRADING


GT is back from shopping.
My posts have been without the usual comments, unless
I feel something very important is happening, because I
have been monitoring the market 24 hours a day, sleeping
in increments of an hour or so which is slowly killing me.
Many good moves are happening overnight, but at uncertain
hours. The opening moves at the Crimex are very dangerous
to trade if you are even one second tardy on your entry and exit.
Until I can determine what time period is most advantageous to
trade, or the lack of sleep kills me, I will be continuing to monitor
the market 24/7. Bear with me. I'm only mortal.

3:00PM PDST EVENING GOLD REOPENS WEAKLY




The Crimex Manipulators have learned how to let traders

have some upside profit on the opening only to take it all

back in the rest of the session. Part of this gold sell off has

to do with expiring options and knocking them down so the

option brokers can rape unwary option traders.

2:15 PM PDST AFTERNOON GOLD CLOSE










5 MINUTE DOLLAR CHART (delayed prices)


GOLD IS NOW PULLING BACK TO RETEST THE LOW BEFORE MOVING BACK UP




GOLD GETS WHACKED GOOD, FINDS RESISTANCE AT THE PREVIOUS BOTTOM WHITE UPTREND LINE



gold will probably retest this low before moving back up

GOLD TAKES THE ENTIRE MORNING'S UP MOVE BACK


Gold will retest this low before moving higher

GOLD NOT SHOWING MUCH STRENGTH MOVING BACK UP, BUT COULD IF DOLLAR KEEPS MOVING LOWER


The Euro is backing down a bit.
This is a transition point where the Indicator markets
are appearing to turn against gold a bit after a good
run up

15 MINUTE DOLLAR CHART (delayed prices)


GOLD MOVES LOWER WITHIN THE DOWN FLAG, COULD MOVE MUCH LOWER




Euro has been strong but may be topping

Dollar slipping lower

It feels like gold has made its big move for today.

Now the shorts will attempt to contain it for the rest

of the Crimex session.

15 MINUTE DOLLAR CHART (delayed prices)


GOLD PULLS BACK IN A DOWN FLAG WHICH MAY RESOLVE HIGHER


Gold may have moved as high as it's going to for today.
I would want to see a good pull back before going long
here as there may not be enough profit potential in any
up move worth the risk of the trade.

GOLD MOVES UP TO THE YELLOW DOWN TREND LINE


Gold has now taken back all of yesterday's sell off which
was done in anticipation of options that were about to expire.

A 2ND PULSE UP, PULL BACK AND CONSOLIDATION


GOLD RALLIES WELL ON THE CRIMEX OPEN


The major retrace point is at 96360.
The next tops to exceed are in blue, plus
gold has to break above the yellow down trend line.
We may get a pull back now for a good part of the morning

15 MINUTE DOLLAR CHART (delayed prices)