Wednesday, September 16, 2009


JUST BEFORE THE CRIMEX OPEN


GOLD SLIPPING AHEAD OF THE CRIMEX OPEN


As you have seen repeatedly, we could have a sudden rally
here which would be immediately sold off, or we might
have gold sold off on the open to shake the longs out before
it rallies right back up, CPI Report on the half hour might
move the market some

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


IT'S THAT TIME OF THE MORNING BEFORE THE CRIMEX OPEN WHEN THE MANIPULATORS GET BUSY




GOLD MAY FIND SUPPORT ON THE TOP RED DOWNTREND LINE





GOLD SPIKES HIGHER FROM SINKING DOLLAR


The dollar is the only market having an effect on gold right now.
The other markets aren't doing much. The Euro hasn't moved
higher with gold right now, stocks are quiet along with oil.
Gold could get bashed anytime now as we get closer to the
Crimex open

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MAKES ANOTHER NEW LOW

THE CLOSER WE GET TO THE CRIMEX OPEN, THE MORE LIKELY IT IS FOR GOLD TO GET BASHED DOWN





15 MINUTE DECEMBER EURO CHART (delayed prices)


DOLLAR MAKES A NEW LOW

POSSIBLE HEAD AND SHOULDERS TOP





POSSIBLE RETRACEMENT POINTS ON THE WAY DOWN




THE LARGER PICTURE


Tuesday, September 15, 2009

ANOTHER NEW HIGH




15 MINUTE DECEMBER EURO CHART (delayed prices)


DOLLAR SINKS TO A NEW LOW

GOLD CHOPPING JUST BELOW THE HIGH




ANOTHER NEW HIGH











GOLD SPIKES TO TO NEW HIGHS WITHOUT THE HELP OF OTHER MARKETS




15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


THE INDICAATOR MARKETS ARE SHOWING ME NOTHING THAT WOULD DRIVE GOLD HIGHER, THE DOLLAR IS RISING NOW, GOLD SHOULD NOT RISE MUCH FURTHER FOR NOW


WILL GOLD BE ABLE TO MOVE ABOVE THE HIGH AT 1013.70, OR PULL BACK?


GOLD BREAKS OUT TO NEW HIGHS




TRADING WILL PICK UP MORE IN ONE HOUR AND AROUND MIDNIGHT PDST WHEN GOLD COULD MOVE HIGHER


No sooner do I post this chart and comment but gold breaks
up and out of both down flags and moves to a new high


LONGS START BAILING OUT WHEN GOLD DOESN'T MOVE UP QUICKLY ENOUGH


GOLD CREEPS HIGHER


30 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR KEEPS GETTING WEAKER AND WEAKER

GOLD MOVES UP TO THE 75% POINT


Stocks, Oil, Euro all moving up. Feels like gold could
suddenly move higher, but I'm reluctant to buy in this
close to the top. I'd rather wait for a sizeable pull back as
that would provide less risk and more potential profit on the
rise back up to known territory.

GOLD RETESTS THE HIGH BUT PULLS BACK TO CONSOLIDATE FOR A FURTHER MOVE UP


2:15 PM PDST AFTERNOON GOLD CLOSE


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD CONTINUES TO TRADE SIDEWAYS TO SLIGHTLY DOWN


GOLD PUSHES HIGHER GRADUALLY ON LIGHT VOLUME


NO SOONER SAID THAN DONE!



gold will probably retrace back down before making new highs

GOLD CREATES A LEDGE TO FALL FROM OR MAY BE CONSOLIDATING FOR A FURTHER UP MOVE, COULD GO EITHER WAY, BUT MORE LIKELY LOWER


HOURLY DECEMBER DOLLAR CHART (delayed prices)


A NEW LOW FOR THE DOLLAR...NO SURPRISE HERE.