Thursday, September 3, 2009



DOW, OIL, EURO TURN DOWN, GOLD MAY FALL MORE

15 MINUTE DOLLAR CHART (delayed prices)


The dollar hasn't collapsed as Market Watch
would have you believe was the cause of gold's
rise today. It rose the same time gold was rising.
Actually the other markets haven't
done much of anything today to affect gold.
Gold is simply becoming the NEW WORLD CURRENCY!

GOLD PULLS BACK ON PROFIT TAKING


6 HOUR CHART SHOWS GOLD MOVING ABOVE THE BLACK MAJOR DOWNTREND LINE


15 MINUTE DOLLAR CHART (delayed prices)


GOLD IS MOVING ON ITS OWN NOW AS THE OTHER MARKETS ARE NOT DOING ANYTHING TO PROVOKE THIS MOVE

GOLD MOVES ABOVE THE MAJOR BLACK DOWNTREND LINE


WE ARE IN NEW TERRITORY NOW.
Gold will probably pull back, but it could move
up to $1000 where it should find resistance

A NEW HIGH, COULD GO HIGHER



GOLD MOVES UP THROUGH THE RETRACE POINTS


INDICATOR MARKETS TURNING NEGATIVE TO GOLD


15 MINUTE DOLLAR CHART (delayed prices)


GOLD MAY MOVE BACK UP NOW AFTER A PULL BACK




INDICATOR MARKETS TURNING POSITIVE TO GOLD




15 MINUTE DOLLAR CHART (delayed prices)


POSSIBLE RETRACEMENT POINTS ON THE WAY DOWN



Dow, Oil, Euro still down

THE INDICATOR MARKETS ARE STILL VERY NEGATIVE AND DOLLAR IS STAYING UP


GOLD GETS HIT ON PROFIT TAKING AND MANIPULATION




Dow, Oil, Euro move down

Gold will find a bottom near here and move back up

GOLD HITS THE 75% POINT AND PULLS BACK FOR ANOTHER MOVE UP




GOLD PULLS BACK TO THE TOP WHITE DOWN TREND LINE FOR SUPPORT


NOW TO GET ABOVE THE WHITE DOWNTREND LINE


UP VOLUME IS BUILDING
The white downtrend channel resolves UP

THE SHORTS SHOULD BE IN A STATE OF PANIC BY NOW AND MAY START COVERING, DRIVING GOLD MUCH HIGHER


The Indicator markets are all turning positive gradually once again

HEALTHY LITTLE BOUNCE/RALLY OFF THE RIGHT SHOULDER, SHOULD KEEP GOING HIGHER


GOLD IS REALLY HOLDING RATHER STRONGLY BUT MAY SLIP


Gold is forming a 'mini' inverse head and shoulders
and could take off higher any minute.
Down volume is not that bad.

GOLD GETTING TRACTION AS THEI INDICATOR MARKETS BEGIN TO TURN POSITIVE


Gold is gradually building up volume but MUST
keep moving up to gain momentum

15 MINUTE DOLLAR CHART (delayed prices)


Dollar back up a bit on a PPT goose, but will
probably sink soon

GOLD COULD RALLY TODAY AND MOVE UP TO $1000


EURO, STOCKS, OIL TURNING AGAINST GOLD FOR THE MOMENT BUT SHOULD TURN POSITIVE SOON


Gold holding well, but starting to yield ground a bit
but not bad with a sinking dollar.
Not bad that gold dropped to the 1st 75% point...
that's normal. Now it's moving back up

WITH DOLLAR FALLING, GOLD SHOULD TURN UP SOON


After two strong up days gold is holding well after the
morning Crimex hit job. I expect gold to turn up soon
and am long right now. gold could move down to the
next 75% point shown, but it is holding quite well right here.
It just has to get a move on quickly to keep moving up

15 MINUTE DOLLAR CHART (delayed prices)


MARKET MOVING MUCH TOO FAST TO POST RELIABLE CHARTS AND TRADE TOO




15 MINUTE DOLLAR CHART (delayed prices)






NEW HIGH PRICE





15 MINUTE DOLLAR CHART (delayed prices)


This could lead to higher gold

UNCERTAIN AS TO GOLD'S DIRECTION BUT THIS TENDS TO DOWN SOME MORE


GOLD PULLS A FAKE OUT RALLY, THEN SELLS OFF