THE YELLOW TOP LINE OF THE MORE MAJOR UPTREND CHANNEL IS JUST ABOVE THE PRESENT
TRADING ACTION AND SHOULD OFFER SOME RESISTANCE, BUT NOT AS MUCH AS A DOWNTREND
LINE WOULD DO
Tuesday, October 6, 2009
THE WHITE DOWNTREND CHANNEL RESOLVES UP
THE YELLOW TOP LINE OF THE MORE MAJOR UPTREND CHANNEL IS JUST ABOVE THE PRESENT
TRADING ACTION AND SHOULD OFFER SOME RESISTANCE, BUT NOT AS MUCH AS A DOWNTREND
LINE WOULD DO
GOLD TURNED BACK AT THE WHITE TOP DOWNTREND CHANNEL LINE FOR NOW, WON'T HOLD FOR LONG
GOLD WILL PROBABLY MOVE UP A BIT JUST BEFORE THE 2:15PM PDST AFTERNOON GOLD CLOSE
THEN MOVE HIGHER WENT GOLD REOPENS AT 3PM PDST
THIS IS A BAD TIME OF THE DAY TO PUT ON A CONTRACT AS IT WOULD BE LOGGED IN
AS EFFECTIVE TODAY INSTEAD OF TOMORROW AND GIVES YOU LESS TIME TO REACT IN CASE
THE POSITION MOVES AGAINST YOU IN TERMS OF MARGIN MONEY.
IF YOU PUT THE POSITION ON AFTER 3PM PDST YOU HAVE ONE EXTRA DAY TO GET OUT OF
A BAD POSITION.
THE RED DOWN FLAG RESOLVES UP
AS WE GET CLOSER TO THE AFTERNOON GOLD CLOSE AT 2:15PM PDST,
GOLD MAY NOT MOVE AS MUCH AS WHEN GOLD REOPENS AT 3PM PDST FOR EVENING AND
OVERNIGHT TRADING.
GOLD MOVES OVERNIGHT SHOULD BE VERY INTERESTING TONIGHT.
5 MINUTE DECEMBER DOLLAR CHART (delayed prices) 1:35PM PDST
NO AMOUNT OF INTERVENTION NOW IS GOING TO SAVE THE DOLLAR
IT IS DEAD AS THE RESERVE CURRENCY OF THE WORLD
AND WILL SOON BE AVOIDED IN WORLD TRADE, NOT JUST OIL
EXPECT A MILITARY COUP OF THE PRESIDENCY IF IT HASN'T ALREADY OCCURRED.
Scroll down in the articles on GOLDTRADERCOMMENTS BLOG
to the article by Sorcha Fall in which she explains how
a military coup would be non-violent and still use Obama
as a front man for speaking to the public to keep them from
rioting as the economy collapses and we send more troops
to Afghanistan (from where?) or simply get wiped out over there.
We are now at a CRITICAL POINT in the history of the World
and this country.
to the article by Sorcha Fall in which she explains how
a military coup would be non-violent and still use Obama
as a front man for speaking to the public to keep them from
rioting as the economy collapses and we send more troops
to Afghanistan (from where?) or simply get wiped out over there.
We are now at a CRITICAL POINT in the history of the World
and this country.
EACH RALLY IS BEING SOLD LOWER AS GOLD RETRACES ITS BIG UP MOVE TODAY
GOLD WILL HAVE TO SELL DOWN A GOOD BIT BEFORE IT WILL BE SAFE TO
BUY BACK IN FOR THE BIG RALLY BACK UP
THERE COULD BE A PRETTY BIG SELL OFF ON PROFIT TAKING HERE
THE LAST RALLY WAS SHALLOW INDICATING LACK OF STRENGTH TO MOVE
BACK UP TO TEST OR EXCEED THE HIGH
THE SHORTS MAY BE ACTIVELY PUSHING GOLD DOWN NOW BEFORE THE CRIMEX OPEN
THERE SHOULD BE A BIG SELL OFF FOR PROFIT TAKING ON, OR BEFORE,
THE CRIMEX OPEN THEN A RALLY BACK UP AND FINALLY SIDEWAYS TRADING FOR
THE REST OF THE SESSION
Monday, October 5, 2009
DOLLAR DROPS TO .7642, EURO PULLS BACK A BIT
GOLD MAY TURN RIGHT BACK UP AND MOVE EVEN HIGHER IF DOLLAR KEEPS FALLING
HOURLY DOLLAR CHART (delayed prices) 10:05PM PDST
DOLLAR PROBES A TICK LOWER TO .7657
IT DOESN'T APPEAR THAT INTERVENTION WORKS ANYMORE
GOLD TRADING FRENETICALLY ON LIGHT/MODERATE VOLUME AND TESTING THE HIGH, COULD SPIKE UP OR PULL BACK HARD
EURO MAKING NEW HIGHS
DOLLAR MAKES A SLIGHTLY LOWER LOW AT .7658
GOLD TEST THE HIGH AS DOLLAR MAKES NEW LOWS IN EARLY EVENING TRADING
GOLD MAY MOVE HIGHER UP TO, OR EVEN HIGHER THAN, THE OLD HIGH AT 1025.0
OR COULD BE STOPPED THERE UNTIL TOMORROW
EURO MOVING HIGHER
GOLD TICKS A LITTLE HIGHER ON GOOD VOLUME
THEN PULLS BACK. COULD KEEP MOVING HIGHER AS EURO MOVES HIGHER
AND DOLLAR MOVES LOWER
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