DOLLAR MOVES LOWER AS IT WILL CONTINUE TO
DO NO MATTER HOW MUCH INTERVENTION IS
THROWN AT IT IN A DAY. IT IS SIMPLY DEAD
Monday, December 7, 2009
AS IT DOES SO OFTEN, GOLD TAKES BACK MOST OF THE EARLIER UPMOVE, BUT BUYERS ARE MOVING IN HERE JUST BELOW THE 75% RETRACE POINT
DOWN VOLUME WAS NOT TOO BAD, AND GOLD IS
MOVING BACK UP ON LIGHT VOLUME FOR NOW BUT
MAY PICK UP AS THIS IS A GOOD PULL BACK TO BUY IN
THE WHITE DOWNTREND CHANNEL RESOLVES UP
GOLD PULLS BACK TO THE PREVIOUS LOW AS
STOCKS, EURO, OIL ALL PULL BACK A BIT
EURO. STOCKS MOVING LOWER DRAGGING GOLD LOWER
IF GOLD BREAKS BELOW THE RED DOWN FLAG
IT WILL MOVE DOWN A GOOD DEAL, THEN RALLY WELL,
A GOOD BUY IN OPPORTUNITY
GOLD CONSOLIDATING IN A RED DOWN FLAG, COULD BREAK HIGHER OR PULL BACK MORE BEFORE THE NEXT RALLY HIGHER
GOLD COULD BE HESITANT TO MOVE HIGER RIGHT AWAY
AFTER SUCH A QUICK RUN UP. ON THE OTHER HAND
MANY BUYERS MAY BE EAGER TO JUMP IN AT THE HIGHS
BEFORE GOLD MOVES MUCH HIGHER WITHOUT THEM.
NO WAY TO KNOW WHICH WILL HAPPEN UNTIL THE
VERY LAST SECOND AS I WATCH VOLUMES AND PRICE
ACTIONS, AND I CAN'T COMMUNICATE THAT TO YOU ALL
FAST ENOUGH, LET ALONE TRADE MY OWN POSITION,
WHICH HAS TO COME FIRST
GOLD RISES INTO THE CRIMEX CLOSE AFTER EXCEEDING A PREVIOUS HIGH BY A BIT
THE 75% RETRACE POINT BACK UP FOR THE MOVE DOWN FROM 1212 IS AT 1193.
THERE ARE OTHER POINTS BETWEEN HERE AND THERE BASED UPON
LOWER HIGHS, BUT GOLD WILL MOVE UP ABOUT $30 FROM HERE SOON.
THIS LAST UP MOVE IS A GOOD SIGN THAT GOLD CAN CONTINUE TO MAKE HIGHER HIGHS AND SHOWS STRENGTH MAY BE COMING BACK INTO THIS MARKET
BUT FIRST, THE STANDARD PULL BACK OR
CONSOLIDATION BEFORE A FURTHER RALLY
BUT OF COURSE, THEN GOLD KEEPS MOVING HIGHER AND MAKES WHAT I JUST SAID SEEM STUPID, EXCEPT...THAT THIS MOVE IS THE EXCEPTION AND NOT 'THE RULE'
YOU ALSO HAVE TO BE WATCHING THE OTHER MARKETS
TO SEE WHICH WAY THINGS ARE MOVING TO BE
ABLE TO MAKE THE SPLIT SECOND DECISION ABOUT
WHETHER TO HANG ON OR SELL OUT. I WOULD RATHER
BE OUT WITH A PROFIT THAN HANG ON AND GO UPSIDE
DOWN AND HAVE TO WAIT FOR IT TO FLOAT BACK UP
THIS IS WHERE YOU WOULD SELL THIS UP MOVE AS IT HITS THE 75% RETRACE POINT AND STALLS
SURE GOLD MOVES A LITTLE HIGHER, AND MAY EVEN
MOVE MUCH HIGHER, BUT HOW OFTEN HAVE YOU
SEEN IT STALL AND MOVE DOWN HARD AND YOU LOSE
THE PROFIT YOU JUST MADE? NEVER GRIEVE OVER
MONEY YOU NEVER HAD...JUST OVER THE MONEY YOU
GAVE AWAY WHILE YOUR GREED MADE YOU HOLD OUT
FOR MORE RATHER THAN BE HAPPY WITH WHAT YOU
ALREADY HAVE. INSTEAD, DON'T GRIEVE AT ALL, JUST
LOOK FOR THE NEXT OPPORTUNITY THAT, IN THIS CASE,
WILL BE JUST MINUTES AWAY. MANY OF THESE EASY
PROFITS WILL ADD UP FAST, EVEN WITH MORE COMMISSIONS
BEING PAID FOR MORE IN AND OUT TRADES. OR...
AS SINCLAIR ADVISES, JUST BUY THE LOW AND GO BACK
TO BED...EXCEPT WHEN GOLD GETS HIT LIKE LAST FRIDAY
AND GOES BELOW WHERE EVERYBODY BOUGHT IN IN RECENT
WEEKS. THEN YOU FEEL LIKE A FOOL FOR NOT HAVING SOLD
OUT AT THE TOP WHEN YOU KNEW THINGS JUST DON'T GO
STRAIGHT UP FOREVER...ESPECIALLY WITH THE CROOKS
RUNNING THE SHOW
GOLD VIOLATES THE BLUE UPTREND CHANNEL BOTTOM LINE (no big deal, it's very short term trend channel) AND FALLS NEAR THE 75% RETRACE POINT
NEW BLUE UPTREND CHANNEL LINES DRAWN ABOVE
GOLD IS RESPECTING THE BLUE UPTREND LINE SO FAR
WHEN TRADING A RANGE LIKE THIS, DO NOT BE GREEDY1
JUST TAKE THE MIDDLE OF THE RANGE BY GETTING OUT
THE SECOND STALLS AS IT MOVES UP OFF THE LOWS.
DO NOT SHORT GOLD....EVER!....ESPECIALLY AT THIS LEVEL,
UNLESS YOU ARE SUICIDAL
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR FALLING, AS USUAL, WITHOUT THE BENEFIT
OF INTERVENTION
SEE THE YELLOW TRADING RANGE?
GOLD WILL SOON BREAK OUT OF THIS TRADING RANGE,
MORE THAN LIKELY TO THE UPSIDE.
ALTHOUGH, UNTIL THE MARKET SHOWS MORE
STRENGTH TO THE UPSIDE IN VOLUME, ANYTHING
COULD HAPPEN.
15 MINUTE MARCH 2010 EURO CHART (delayed prices)
MARCH 2010 IS NOW THE FRONT MONTH FOR
YEN, EURO AND TBONDS
EURO MOVING BACK UP, SHOULD DRAG GOLD UP
WITH IT.
SIX HOUR DOLLAR CHART
SEE THE PATTERN? EACH OF THESE 'INTERVENTION SPIKES'
FAILS AND THE DOLLAR MOVES EVEN LOWER
KEEP YOUR PERSPECTIVE!
GOLD BREAKS BELOW THE WHITE INTERMEDIATE UPTREND CHANNEL LOWER LINE
THE BULLION BANKS ARE MERELY TAKING FURTHER
ADVANTAGE (on instruction from the world's elites) OF
THIS BIG DIP IN GOLD. THIS BIG SELL OFF HAS TAKEN
PLACE EVERY YEAR NOW FOR THE LAST SIX YEARS,
AT LEAST, JUST BEFORE GOLD MOVES ON TO HIGHER
HIGHS. DON'T BOTHER THINKING GOLD IS GOING TO
KEEP MOVING DOWN. THINK ABOUT HOW TO ACQUIRE
ALL YOU CAN AT THESE LEVELS...IN CASH COINS...
THE MARKET IS JUST SHAKEY (as was intended by the shorts!)
AND WILL SOON RALLY LIKE A ROCKET
GT RUNNING BEHIND THIS A.M. AS TEMPS IN NO. IDAHO ARE IN THE SINGLE DIGITS
POWER OUTAGES ARE HAPPENING IN THE AREA, SO IF YOU DON'T
HEAR FROM ME FOR A TIME, I MAY BE AFFECTED AT ANY TIME
THESE TEMPS WILL LAST FOR THE REST OF THE WEEK DUE TO
A COLD FLOW OF AIR BLOWING DOWN FROM CANADA (THANKS, HOSERS!)
NEXT, AS TEMPS RISE TO ONLY THE FREEZING LEVEL, WE WILL PROBABLY
GET SOME SNOW NEXT WEEK. THEN THE WORK REALLY BEGINS.
HEAR FROM ME FOR A TIME, I MAY BE AFFECTED AT ANY TIME
THESE TEMPS WILL LAST FOR THE REST OF THE WEEK DUE TO
A COLD FLOW OF AIR BLOWING DOWN FROM CANADA (THANKS, HOSERS!)
NEXT, AS TEMPS RISE TO ONLY THE FREEZING LEVEL, WE WILL PROBABLY
GET SOME SNOW NEXT WEEK. THEN THE WORK REALLY BEGINS.
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