Thursday, November 5, 2009
GOLD SPIKES UP ON 600 CONTRACTS, PULLS BACK HARD, MAY CONTINUE HIGHER AS DOLLAR WEAKENS
LOOKS LIKE ANY UPWARD MOVES WILL BE SOLD BACK
QUICKLY BY THE SHORTS WHO ARE PROBABLY IN A PANIC
ABOUT THEIR SHORT POSITIONS
DOLLAR FALLING HARD, GOLD MAY SPIKE HIGHER SOON
STOCKS RISING A BIT, EURO FALLING
YEN FALLING, BONDS SITTING ON THEIR LOWS
OIL SORT OF NOWHERE BUT ANGLING UP
GOLD NEEDS TO BREAK UP AND ABOVE THE WHITE DOWNTREND CHANNEL WHILE STAYING WITHIN THE BLUE UPTREND CHANNEL TO GO HIGHER
GOLD PULLING BACK FOR ANOTHER RUN MAYBE HIGHER
UNLESS IT BREAKS BELOW THE BLUE UPTREND CHANNEL
GOLD BUILDING A TRADING RANGE FOR NOW
THE INDICATOR MARKETS I QUOTE ARE ALL
STARTING TO REVERSE, NOT GOOD FOR GOLD
STOCKS, OIL, EURO RISING, BONDS, YEN FALLING MEANS HIGHER GOLD
GOLD HIGHER THAN SHOWN HERE. IT'S MOVING
FASTER THAN I CAN POST A CHART
TEN MINUTES TO THE CRIMEX OPEN
NO INDICATION RIGHT NOW OF WHICH WAY GOLD
WILL MOVE ON, OR BEFORE, THE CRIMEX OPEN.
YOU WILL HAVE TO TAKE YOUR QUES FROM THE
ACTION AS IT HAPPENS
RIGHT NOW STOCKS ARE TIPPING DOWN WITH THE EURO
BONDS ARE TURNING UP
OIL IS ANGLING UP A LITTLE
YEN IS SLIPPING
DOLLAR APPEARS TO BE FALLING PRETTY FAST
BUT THE CHART IS DELAYED 15 MINUTES
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