Friday, September 4, 2009
WE NOW HAVE A 2ND INVERSE HEAD AND SHOULDER PATTERN WHICH SHOULD RESOLVE UP
Granted, these are very short term patterns,
but all we care about here is the short term
as gold moves back up through the next two
retrace points. There is a good chance gold will
move up through $1000 today in the next two hours
THE RIGHT SHOULDER SINKS TO NEAR THE WHITE LOWER SUPPORT LINE AND RALLIES
The right shoulder remains a shoulder as long
as it doesn't go below the head, which it didn't
by only two ticks
THIS IS AN INVERSE HEAD AND SHOULDERS PATTERN WITH A SMALL DOWN FLAG ON THE RIGHT...RESOLVES UP
There is the right shoulder...now up higher
Thursday, September 3, 2009
GOLD PULLS BACK TO THE BLACK MAJOR TOP DOWNTREND LINE FOR SUPPORT
It also coincides with the 75% retrace point at 99150
GOLD IS STILL WITHING THE SHORT TERM BLUE UPTREND CHANNEL
I suspected my order would get filled and then
the price would fall through it, but I wanted to be
in the market as I think gold will take off again
sometime between now and tomorrow's Crimex open.
The red down flag is just a little wider at the bottom and
will still resolve up
GOLD SUDDENLY JUMPED UP ON ABOUT 90 CONTRACTS AND IS NOW PULLING BACK
I changed my buy in point to just in front of a
block of over 100 contracts at 995. Gold could
move much higher at any time this evening through
tomorrow. I think it is highly unlikely we will see
a long lasting pull back of any size, if at all, from
here on.
15 MINUTE DOLLAR CHART (delayed prices)
The Dollar was no help at all today in detecting
the breakout(s) in gold
EVENING GOLD GAPS UP A LITTLE ON THE OPEN
I have an order in to buy at 99330 at the bottom
of the gap which coincides with one of the 75% points
Over night trading should be very interesting
around 11:00pm pdst and after midnight into
the wee hours
SINCLAIR GIVES US HIS 'ANGELS', MAGNET PRICES THAT GOLD WILL BE PULLED TO
Giving you gold price objectives has not proved in the past to be in your best interest as we are read by both sides of the gold market spectrum.
However, one time ONLY, here they are:
- $1000. Three tries and success. This is the third try. - $1024 - $1089 - $1156 - $1225 - $1296 - $1369 - $1444 - $1521 - $1600 - $1681
Then on to Alf’s numbers. (GT sez: These numbers are big: like $3000, $5000, $10,000
for the gold price. But it's impractical to put a time frame on them because by then, then
economy will be in a state of revolution. Those kinds of numbers would represent the almost
total hyper inflationary destruction of paper currency in dollars where you would be
running for your life with gold coins on your person to a safer location where you would be
less likely to be robbed, killed and stripped of the gold in your teeth by ravenous, starving
mobs of the idiots left on earth.)
Notice that Sinclair's numbers increase by approximately $75 dollars each level.
They are very accurate, but not infallible numbers and only guides to where gold
will run to each cycle as it moves higher in the next few months, NOT YEARS as
many would like to think.
TIME HAS RUN OUT FOR THE UNITED STATES CURRENCY AND ITS GOVERNMENT
AND WAY OF LIFE.
We will all soon be the largest group of beggars on the planet.
PREPARE FOR IT!
However, one time ONLY, here they are:
- $1000. Three tries and success. This is the third try. - $1024 - $1089 - $1156 - $1225 - $1296 - $1369 - $1444 - $1521 - $1600 - $1681
Then on to Alf’s numbers. (GT sez: These numbers are big: like $3000, $5000, $10,000
for the gold price. But it's impractical to put a time frame on them because by then, then
economy will be in a state of revolution. Those kinds of numbers would represent the almost
total hyper inflationary destruction of paper currency in dollars where you would be
running for your life with gold coins on your person to a safer location where you would be
less likely to be robbed, killed and stripped of the gold in your teeth by ravenous, starving
mobs of the idiots left on earth.)
Notice that Sinclair's numbers increase by approximately $75 dollars each level.
They are very accurate, but not infallible numbers and only guides to where gold
will run to each cycle as it moves higher in the next few months, NOT YEARS as
many would like to think.
TIME HAS RUN OUT FOR THE UNITED STATES CURRENCY AND ITS GOVERNMENT
AND WAY OF LIFE.
We will all soon be the largest group of beggars on the planet.
PREPARE FOR IT!
GT IS GOING TO SLEEP NOW AFTER BEING UP ALL NIGHT AND MORNING AGAIN
I will post charts periodically as I awaken from time to time
15 MINUTE DOLLAR CHART (delayed prices)
The dollar isn't collapsing while gold skyrockets,
so where does Market Watch get its ideas?
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