Monday, November 23, 2009


CRIMEX OPEN




5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


GOLD FALLS AHEAD OF THE CRIMEX OPEN





GOLD COULD SUDDENLY SPIKE HIGHER OUT OF THIS RED DOWN FLAG AND CONSOLIDATION BEFORE, OR ON, THE CRIMEX OPEN


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MOVES LOWER
A 5 MINUTE CHART (or less) IS THE ONLY TIME PERIOD
THAT DOESN'T HAVE A DISTORTION IN IT FROM
THAT SPIKE UP TO .8218 ON IT FROM LAST WEEK

DEC GOLD 4:30AM PST


NOTICE! I WILL POST DECEMBER GOLD CHARTS BECAUSE THEY SHOW THE MOST LIQUIDITY AND FLUIDITY OF TRADING, BUT TRADE FEB 2010 GOLD FOR SAFETY

FEB 2010 GOLD STILL HAS MUCH LESS VOLUME PER MINUTE THAN DEC GOLD
BUT DEC GOLD ONLY HAS THREE (3) TRADEABLE DAYS LEFT BEFORE FIRST
NOTICE ON MONDAY DEC 1ST.
FRIDAY GOLD WILL TRADE BUT THE MARKET SHOULD BE VERY THIN AND
PRONE TO EXAGERATED MOVEMENT IF ANY MOVEMENT TAKES PLACE.
GOLD COULD GO BONKERS IN THIS ENVIRONMENT IN SUCH A THIN MARKET
THIS IS ALSO A TYPICAL TIME FRAME WHEN GUV'MINTS PULL OFF THEIR
DIRTIEST MOVES (while you're asleep on the couch watching football and sleepy from too much turkey)

FEBRUARY 2010 GOLD (soon to be new Front Month contract on Dec 1st) MOVING AVERAGES DAILY CHART


FEBRUARY 2010 GOLD (soon to be new Front Month contract on Dec 1st)


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)



ANOTHER NEW HIGH




Sunday, November 22, 2009










AT SOME POINT GOLD IS GOING TO PULL BACK IN A MAJOR WAY


GOLD IS LIKELY TO FALL STARTING AROUND
11PM PST AND AFTER MIDNIGHT PST ON PROFIT TAKING.
THE CRIMEX SESSION TOMORROW WILL PROBABLY
BASH GOLD DOWN TOO AS USUAL.
IT'S NOT LIKELY TO STAY DOWN FOR LONG, SO TAKE
ADVANTAGE OF ANY LARGE PULL BACK TO BUY IN
FOR THE RALLY TO HIGHER PRICES THAT IS INEVITABLE

HOURLY EURO CHART (delayed prices)


3 MINUTE DECEMBER DOLLAR CHART (delayed prices)


ANOTHER NEW HIGH




GOLD MOVES LOWER TO SUCCESSIVE RETRACE POINTS




A SHORT RALLY THAT MAY NOT MOVE HIGHER




FINALLY, A DECENT PULL BACK







ANOTHER NEW HIGH


3 MINUTE DECEMBER DOLLAR CHART (delayed prices)


ANOTHER NEW HIGH


ANOTHER NEW HIGH



VOLUME AT THIS TOP IS LIGHT
GOLD COULD PULL BACK

3 MINUTE DECEMBER DOLLAR CHART (delayed prices)


EURO MOVES HIGHER, GOLD FOLLOWS TO A NEW HIGH



YOU TELL ME WHICH WAY GOLD WILL MOVE NEXT


A FAKE OUT UP MOVE OUT OF THE RED DOWN FLAG...COULD STILL MOVE UP BUT MORE LIKELY WILL PULL BACK BEFORE MOVING MUCH HIGHER



WILL GOLD PULL BACK OR JUST KEEP MOVING UP?


GOLD APPROACHES THE TOP BLUE UPTREND CHANNEL LINE




GOLD PULSES UP TO A NEW HIGH ON STRONG VOLUME BREAKING OUT OF THE RED DOWN FLAG




GOLD CHOPPING SIDEWAYS IN THE RED DOWN FLAG, COULD BREAK HIGHER OR FALL ON PROFIT TAKING


THE PULL BACKS IN GOLD ARE GETTING SHALLOWER.
SO IT'S HARDER TO GET A DEEP PULL BACK TO BUY IN
IF YOU SELL THE TOPS.
SEE DAN NORCINI'S COMMENTS FROM FRIDAY ON
THE SWISS STAIR PATTERN THAT HAS FORMED.
THIS IS A VERY BULLISH PATTERN AND THE LENGTH
OF TIME BETWEEN UPWARD MOVES IS BECOMING SHORTER
BETWEEN EACH CONSOLIDATION AND UP MOVE.
GOLD IS READY TO GO BALLISTIC SOON.