Thursday, October 22, 2009
GOLD RALLIES ON VERY GOOD VOLUME
ALL INDICATOR MARKETS MOVING HIGHER
DOLLAR TURNS UP A BIT ON MY DELAYED CHARTS
BUT MAY ACTUALLY BE FALLING RIGHT NOW
TRADING ACTION SHOULD START TO PICK UP IN THE NEXT HOUR
BONDS, YEN DOWN
EURO,OIL, STOCKS TURNING UP
DOLLAR TURNING DOWN
ALL FAVORABLE FOR HIGHER GOLD
GOLD STILL IN THE INTERMEDIATE BLUE UPTREND CHANNEL, THE OTHER DOWNTREND CHANNELS RESOLVE UP
GOLD IS STARTING TO RISE AHEAD OF THE CRIMEX OPEN
THE SHORT TERM WHITE DOWNTREND CHANNEL SHOULD RESOLVE UP
AS SHOULD THE PURPLE DOWN CHANNEL AND THE MAJOR WHITE DOWNTREND CHANNEL
DRAWN FROM THE MAJOR HIGH AT 1072 DOWNWARD THROUGH THE RECENT TOPS
VERY QUIET TRADING ALL NIGHT, ACTION SHOULD PICK UP IN THE HOUR BEFORE THE CRIMEX OPEN
AT THIS HOUR THE EURO, YEN, STOCKS, OIL ARE ALL MOVING DOWN
THE DOLLAR IS UP
NOT SUPPORTIVE OF HIGHER GOLD RIGHT NOW SO GOLD HAS FALLEN.
BUT THAT IS WHERE YOU BUY IN FOR THE NEW RALLY WHICH SHOULD OCCUR
IN THE NEXT HOUR OR SO.
Wednesday, October 21, 2009
15 MINUTE DECEMBER DOLLAR CHART (delayed prices)
AN EXPECTED BOUNCE IN THE DOLLAR AS THE PPT DOES EVERYTHING IT CAN
TO PREVENT A COMPLETE COLLAPSE IN THE DOLLAR
NOTICE THAT WHENEVER THE DOLLAR IS 'BOOSTED' BY INTERVENTION
IT FALLS AGAIN AND EACH 'BOOST' ONLY RISES LOWER EACH TIME.
THIS IS CALLED A DEATH SPIRAL IN ITS BEGINNING STAGES.
WHEN IT REALLY KICKS IN, THERE WILL BE NO 'BOUNCES"!
GOLD DROPS BELOW THE BLUE UPTREND CHANNEL BUT STAYS WITHING THE WHITE DOWNTREND CHANNEL WHICH RESOLVES UP
IT'S STILL EARLY IN EVENING TRADING. THE REAL ACTION
DOESN'T TAKE PLACE MUCH BEFORE 11:00PM PDST
A CRUCIAL TIME POINT IS AT 3:00AM EST TIME (MIDNIGHT PDST) ACCORDING
TO ED STEER'S RECENT EMAIL FROM CASEY RESEARCH WHICH I WILL POST
ON GOLDTRADER COMMENTS BLOG.
I'M NOT UP TO SPEED YET AFTER A GOOD SLEEP AND SOME FOOD.
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