Sunday, December 13, 2009

GOLD CREEPS HIGHER


GOLD KEEPS MOVING HIGHER


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


5 MINUTE MARCH 2010 EURO CHART (delayed prices)


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


RED DOWN FLAG RESOLVES UP


GOLD BREAKS OUT ABOVE THE WHITE DOWNTREND CHANNEL AND ABOVE THE BLUE UPTREND CHANNEL BUT ON LIGHT VOLUME


WILL GOLD FIND SUPPORT ON THE TOP BLUE
UPTREND CHANNEL AND MOVE EVEN HIGHER, OR
PULL BACK BEFORE MOVING HIGHER?
STOCKS, EURO MOVED UP DRAMATICALLY AND
OIL MOVED UP WELL ALSO.
BONDS, YEN MOVED LOWER
ALL SUPPORTIVE TO HIGHER GOLD

GOLD MOVES LOWER




EURO, STOCKS, OIL MOVING LOWER, GOLD FOLLOWS


GOLD MAY MOVE LOWER BEFORE BREAKING UP AND OUT OF THE RED DOWN FLAG


GOLD MAY BE READY TO FALL




GOLD PULLS BACK, MAY GO LOWER AFTER A GOOD RUNUP




5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


LOOKS LIKE GOLD IS HEADING HIGHER SLOWLY


GOLD BREAKS HIGHER OUT OF THE BLUE UPTREND CHANNEL ON LIGHT VOLUME


EURO, STOCKS, OIL MOVING DOWN, YEN RISING, BONDS SORT OF FLAT


NOT SUPPORTIVE OF HIGHER GOLD RIGHT NOW

GOLD TESTING THE HIGH


GOLD SHOULD BREAK OUT HIGHER, BUT VOLUME
IS WEAK AND THE LONGER IT STAYS HERE, THE
MORE LIKELY IT IS TO PULL BACK HARD

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD TAPS THE HIGH AND PULLS BACK


GOLD MAY BREAK HIGHER OUT OF THIS RED DOWN FLAG


GOLD HAS TO BREAK ABOVE 1122.70 TO GET TO THE LAST 75% RETRACE POINT AT 1135.10



UP VOLUME IS NOT THAT INCREDIBLE, BUT GOLD
DOES MOVE UP GRADUALLY ON LIGHT VOLUME.
JUST BE PREPARED TO TAKE YOUR PROFITS WHEN
GOLD APPEARS TO STALL

GOLD MAY BE HEADED BACK UP TO NEW HIGHS...JUST BE CAREFUL AS ANYTHING COULD HAPPEN


GOLD MOVES A BIT HIGHER


GOLD MOVES HIGHER ABOVE THE WHITE DOWNTREND CHANNEL




GOLD BREAKS OUT OF THE RED DOWN FLAG, COULD GO HIGHER, BUT ALSO COULD MEET BULLION BANK SELLING


STRONG RALLY TO THE 75% RETRACE POINT, NOW A PULLBACK, THEN MAYBE HIGHER


GOLD ATTEMPS A RALLY BUT VOLUME IS WEAK


STOCKS, OIL, EURO MOVING DOWN

SUNDAY EVENING GOLD RISES A BIT,THEN COLLAPSES


Friday, December 11, 2009

MORE CHARTS COMING OVER THE WEEKEND

I WILL BE DOING A LITTLE RESEARCH OVER THE WEEKEND
TO SEE HOW ALL THE PIECES FIT IN THIS MESS.

BOTTOM LINE IS...

BUY ALL THE GOLD AND SILVER YOU CAN BY ANY MEANS THAT YOU CAN USE, BECAUSE WHEN GOLD FINALLY CONFIRMS THIS AS A BOTTOM,
BUYERS ARE GOING TO POUR INTO PRECIOUS METALS
AND GOLD IS GOING TO

EXPLODE!

2:15PM PST AFTERNOON GOLD CLOSE







GOLD CONTINUES TRADING SIDEWAYS ALL THE WAY TO THE CLOSE


GOLD TRADES SIDEWAYS TO SLIGHTLY UP IN FRIDAY AFTERNOON TRADING




WHAT WILL GOLD DO AHEAD OF THE CRIMEX CLOSE?


LATE IN THE CRIMEX SESSION ON A FRIDAY GOLD STARTS TO MOVE UP MORE STRONGLY




THE WHITE DOWNTREND CHANNEL RESOLVES UP


A SHALLOW PULLBACK SHOWS STRENGTH


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


AS SOON AS THE INTERVENTION STOPS, THE DOLLAR FALLS

GOLD STARTING TO MAKE HIGHER HIGHS AND HIGHER LOWS




THE ONLY THING LEFT TO SAY IS...AT SOME POINT, GOLD WILL GO BACK UP AND EVEN HIGHER


THE LONGS THAT GET IN HERE ARE GOING TO HANG
ON FOR THE LONG RUN UP...AND CERTAINLY SHOULD
IF THEY HAVE ANY COMMON SENSE LEFT

SIMPLY UNBELIEVABLE!!! THESE SELLERS ARE BEING FORCED OUT ON MARGIN CALLS


GOLD WILL PROBABLY RALLY STEADILY AFTER THE CRIMEX CLOSE IF WE DON'T GET A BIG RALLY SOMETIME DURING THE DAY SESSION


THIS GOLD MARKET COULD TURN ON A DIME IF
SOME LARGE ENTITIES DECIDE TO JUMP IN AT THIS
EXTREMELY FAVORABLE LEVEL FOR BUYERS