Tuesday, September 8, 2009
GOOD RALLY, NOW SOME PULLBACK, THEN HIGHER
Gold moves a little higher near the next 75%
retrace point at 1007.30
GOLD BOUNCES OFF THE 75% RETRACE POINTS AT 1001.30
GOLD MAY RETEST THE LOW AS IT USUALLY
DOES WHEN IT STALLS LIKE IT'S DOING HERE
GOLD RALLIES BACK UP, MAKES A SLIGHTLY HIGHER HIGH AND PULLS BACK, A TOPPING PATTERN
Gold may get beaten down now.
I'm having broker problems which keeps me
from posting for you. They screwed up my positions
and I can't trade until I get the problem resolved.
GOLD RALLIES WELL AFTER THE SELL OFF
Gold continues to trade within the white down flag
and could break out higher
Dollar sinks greatly
GOLD FORMS A LARGE WHITE DOWN FLAG
Either gold will sell off soon as we approach the
Crimex open, or gold will spike some more on the
open and then be sold off quickly. No hints for now,
other than the well known habit of gold getting
bashed near the Crimex open.
ANOTHER MOVE UP TO A NEW HIGH AND A QUICK PULL BACK
THE HIGH FOR DEC GOLD IS AT 1060.00.
THE NEXT HIGH TO EXCEED IS AT 1015.00
Monday, September 7, 2009
GOLD APPROACHES THE YELLOW TOP UPTREND CHANNEL LINE WHERE IT MIGHT TURN DOWN
Top lines of uptrend channels are not as
suppressive as top lines of DOWNtrend channels
GOLD BREAKS OUT HIGHER ON STRONG VOLUME
Stocks and Euro are NOT confirming this up move
in gold so far.
GOLD MIGHT PULL BACK FURTHER BEFORE MOVING HIGHER
We are approaching overnight trading when the
foreign markets become more active, It is entirely
possible for gold to spike BIG TIME in the next hour
or two, but any spike should fall back almost immediately
on profit taking and suppression of the gold price by the
usual suspects.
GOLD MAY GO HIGHER BUT VOLUME IS LOW
Other markets are NOT confirming this move up
in gold, BUT... gold will do what it must do to
equalize the inflationary increase in paper money.
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