Wednesday, September 23, 2009

ALL MARKETS DOWN AS DOW CLOSES OFF OVER 80 POINTS



ONLY DOLLAR IS UP

GOLD MOVES LOWER

GOLD DIPS BELOW THE RED DOWN FLAG AND NOW IS TREATING THE BOTTOM LINE AS RESISTANCE



GOLD MOVES DOWN TO THE NEXT 75% RETRACE POINT

DOLLAR RISES AFTER A PLUNGE
STOCKS SELL OFF AND GO NEGATIVE ON THE DAY
OIL EDGES LOWER
EURO AND YEN FALLING BACK

GOLD CONTINUES 'WALKING' DOWN THE RED FLAG'S BOTTOM LINE AND SHOULD TURN UP WHEN IT HITS THE 75% RETRACE POINT

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR PLUNGES THEN REBOUNDS IN WILD MOVES

GOLD HOLDING AT THE BOTTOM LINE OF THE RED DOWN FLAG


Bonds holding their newly regained price level
Stocks fall
Euro falls
Oil edges a bit lower but is basically flat at the bottom of it sell off
Dollar plunges, then rebounds

GOLD HOLDS AT THE BOTTOM LINE OF THE RED DOWN FLAG WHICH COINCIDES WITH YESTERDAY'S CLOSE (AQUA BLUE LINE), A COMMON PLACE FOR GOLD TO RISE OR FALL TO

RED DOWN FLAG SHOULD RESOLVE UP, GOLD FINDING SOME SUPPORT IN THE AREA OF THE WHITE SHORT TERM TOP UPTREND LINE


GOLD CONSOLIDATING HERE AND COULD MOVE HIGHER
BONDS HAVE RECLAIMED THEIR ENTIRE LOSS PLUS A LITTLE
STOCKS UP AROUND 75 POINTS
EURO ROSE TOO BUT IS CONSOLIDATING NOW
YEN UP
OIL WENT NOWHERE AFTER ITS BIG DROP OFF
DOLLAR MOVED UP A LITTLE

GOLD RISING, DOLLAR SLIPPING

GOLD RISES WELL ON FOMC REPORT, PULLS BACK, MAY CONTINUE HIGHER


ALL OTHER MARKETS RISE TOO
EXCEPT OIL AND DOLLAR
GOLD MAY CONSOLIDATE HERE TO GAIN ENERGY TO MOVE HIGHER

ALL MARKETS TURN LOWER AHEAD OF FOMC REPORT

OIL DIPS LOWER WITH BONDS

GOLD STARTS SLIPPING AHEAD OF THE FOMC REPORT



EURO TURNING DOW A BIT
BONDS PLUNGE LOWER
STOCKS MOVING UP
DOLLAR STILL TURNING DOWN

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR FALLING
EURO RISING
GOLD FALLING?

GOLD CONTINUES TO MOVE UP AS THE FOMC REPORT RELEASE NEARS IN 20 MINUTES

GOLD CONTINUES TO RISE A BIT AFTER THE CRIMEX CLOSE, BUT MAY PULL BACK NOW

GOLD RISES AHEAD OF THE CRIMEX CLOSE


NOW TO SEE WHAT HAPPENS IN THE NEXT 45 MINUTES BEFORE THE FOMC REPORT
IS RELEASED. GOLD USUALLY GOES CRAZY WHEN THE REPORT IS RELEASED WITH GOLD
MOVING UP AND DOWN WITH TREMENDOUS VOLATILITY.

BONDS PLUNGE AFTER OIL PLUNGES

THE REAL ACTION SHOULD OCCUR AT 11:15AM PDST WHEN THE FOMC REPORT IS RELEASED

HOURLY CHART OF NOVEMBER CRUDE OIL (delayed prices)


QUITE A DROP!

RETRACEMENT POINTS ON THE WAY UP

HOURLY CHART OF THE DOLLAR (delayed prices)


THE DOLLAR RISES AS THE FOMC MEETING CONCLUDES, HOW PREDICTABLE!

THE RIGHT SHOULDER RESOLVES UP NOW

THE RIGHT SHOULDER HAS NOW FORMED AND GOLD SHOULD MOVE UP FURTHER AS THE PATTERN RESOLVES UP

MASSIVE MANIPULATION IN GOLD THIS MORNING

GOLD STILL WITHING THE WHITE DOWN FLAG WHICH RESOLVES UP

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


CURIOUS HOW GOLD GETS BASHED BUT THE DOLLAR IS MOVING LOWER

GOLD GETS PUSHED DOWN ON THE CRIMEX OPEN BUT WILL RALLY NOW

OF COURSE THEY HAVE TO HIT GOLD JUST BEFORE THE CRIMEX OPEN

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR GOING NOWHERE BUT DOWN

GOLD HITS ANOTHER OF THE SEVERAL RETRACE POINTS ON THE WAY BACK UP

STOCKS AND OIL MOVING UP, EURO NOT YET, DOLLAR UP A LITTLE


GOLD VOLUME HAS BEEN LIGHT MOST OF THE NIGHT WITH A FEW PULSES OF SOME
MODERATELY STRONG VOLUME HERE AND THERE.
WHOEVER IS PUSHING GOLD DOWN REMAINS TO BE DISCOVERED, BUT GOLD
HAS NO REASON WHATSOEVER TO BE FALLING WITH THE DOLLAR IN THE TANK LIKE IT IS.

GOLD STARTS ITS RISE INTO THE CRIMEX OPEN

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR IS NOT RISING AT ALL AND SHOULD ENCOURAGE GOLD TO RISE

GOLD SUDDENLY RISES, MAY KEEP GOING

GOLD DROPS ON 800 CONTRACTS BUT STOCKS AND EURO TURN UP AND THE WHITE DOWN FLAG SHOULD STILL RESOLVE UP AS THE RIGHT SHOULDER OF THE INVERSE H&S PTRN

STOCKS, OIL, EURO ALL MOVING DOWN, COULD PULL GOLD DOWN`


GOLD FALLS TO THE PREVIOUS LOW VIOLATING BOTH BLUE TREND LINES

GOLD MOVES DOWN TO TWO TREND LINES THEN MOVES UP WELL


TIME WISE, WE'RE ENTERING THE TIME PERIOD WHEN GOLD CAN SUDDENLY RALLY
AND WITH THE DOLLAR WAAAAY DOWN, WE COULD SEE SOME NEW HIGHS BEFORE THE
CRIMEX OPEN, OR ON IT.
LATER TODAY WHEN THE FOMC REPORT COMES OUT AT 11:15PM PDST, THE MARKET SHOULD
BE VERY VOLATILE FOR ABOUT AN HOUR AFTER THE REPORT

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR SLIPS LOWER, STOCKS, OIL, EURO TURNING UP
GOLD HOULD RISE SOON, MAYBE MAKE A NEW HIGH, THEN SELL OFF BEFORE THE CRIMEX OPEN

THE RIGHT SHOULDER OF THE H&S PATTERN HAS FORMED AND THE WHITE DOWN FLAG RESOLVES UP

GOLD RISES AS THE EURO RISES AND DOLLAR SINKS

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR SLIPS LOWER

GOLD SHOULD MOVE BACK UP FROM HERE

GOLD MOVES UP RAPIDLY, MAY GO MUCH HIGHER

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR RISES A LITTLE

GOLD STARTS BACK UP AS STOCKS, OIL, EURO TURN UP



THE FALLING DOLLAR ALONE SHOULD BE DRIVING GOLD HIGHER