DOLLAR TURNS DOWN
Monday, November 16, 2009
GOLD PULLS BACK AHEAD OF THE CRIMEX OPEN AFTER A SUBSTANTIAL UP MOVE
I AM EXPECTING A FURTHER GRADUAL MOVE LOWER,
& A SMALL RALLY JUST BEFORE THE CRIMEX OPEN.
GOLD COULD RALLY QUICKLY ON THE OPEN, BUT ANY
RALLY SHOULD BE QUICKLY SOLD OFF AS USUAL.
DOLLAR INTERVENTION SHOULD BE EXPECTED WHICH
WOULD DRAG ON GOLD (MAYBE!) BUT BULLION BANK
SELLING SHOULD KNOCK GOLD DOWN ONLY TEMPORARILY.
THIS TACTIC IS BECOMING LESS AND LESS EFFECTIVE AND GOLD
COULD JUST KEEP GOING UP WITH MINOR PULLBACKS FROM NOW ON
TRADING GOLD IS NOW ONLY FOR THE MOST COURAGEOUS,
OR THE MOST INSANE.
DAILY CHART OF DECEMBER S&P 500 (delayed prices)
STOCKS RISING AS CHEAP DOLLARS POUR INTO
THEM...A LOSING VENTURE AS THE PAY OUT WILL
ALSO BE IN CHEAPER DOLLARS, ASSUMING THERE
WILL BE A PAY OUT BEFORE THE COLLAPSE
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR MOVING LOWER AND LOWER
READY TO MAKE NEW LOWS SOON
Sunday, November 15, 2009
ONE MINUTE EURO CHART (delayed prices)
EURO GAPS UP ON THE OPENING
GAPS ARE ALMOST ALWAYS FILLED EVENTUALLY
THIS ONE WILL BE FILLED AND DRAG GOLD DOWN
AS IT DOES, BUT ONLY LONG ENOUGH TO FILL THE GAP
SUNDAY EVENING GOLD MOVES UP ON THE OPEN TO A NEW HIGH PRICE
GOLD OPENS UP ON STRONG VOLUME BUT PULLS
BACK QUICKLY AND IS GRADUALLY RETRACING.
MAY FIND SUPPORT ON THE TOP BLUE DOWNTREND
CHANNEL LINE AND MOVE BACK UP
INDICATOR MARKET DATA NOT YET AVAILABLE
Friday, November 13, 2009
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