Thursday, December 17, 2009
DAILY CHART OF THE EURO
THE MANIPULATORS HAVE TO DRIVE DOWN THE
EURO WHILE THEY GOOSE THE DOLLAR AT YEAR
END SO ALL THE FINANCIAL CROOKS CAN SHOW
SOME FRAUDULENT PROFITS ON THEIR BOOKS
GOLD MOVING UP IN EARLY EVENING TRADING
IT WILL BE INTERESTING SEEING WHAT GOLD DOES
FROM HERE THROUGH THE CLOSE ON FRIDAY AHEAD
OF THE XMAS WEEK WHICH USUALLY HAS THIN
VOLUME. THIS YEAR XMAS WEEK TRADING COULD BE
VERY VOLATILE AHEAD OF THE END OF THE YEAR.
I EXPECT GOLD TO SOAR IN THE FINAL WEEK ESPECIALLY
WITH THE GOLD PRICE AT SUCH DEPRESSED LEVELS.
THIS YEAR END BLOWOUT HAS HAPPENED EVERY YEAR
FOR AT LEAST THE PAST FIVE YEARS AND THEN RALLIES
STRONGLY UNTIL MARCH
ANOTHER NEW LOW IN EARLY AFTERNOON ELECTRONIC TRADING
LESS THAN ONE HALF HOUR TO GO BEFORE THE
AFTERNOON CLOSE AT 2:15PM PST AS GOLD RISES
FROM THE NEW LOW JUST MADE AT 12:57PM PST
AT 1095.7
ANOTHER NEW LOW ON STRONG VOLUME
EVEN IF THIS ISN'T THE LOWEST LOW, BUYERS
DOWN HERE ARE GOING TO BE VERY HAPPY NOT
TOO LONG FROM NOW
THE LARGER PICTURE
GOLD HAS PULLED BACK TO THE 61.8% RETRACE POINT
AND IS BUILDING A BASE HERE TO MOVE BACK UP
GOLD MOVES LOWER ON THE CRIMEX OPEN BELOW THE YELLOW LOWER UPTREND CHANNEL LINE TO THE THIN BLUE LOWER DOWNTREND CHANNEL LOWER LINE
GOLD STARTING TO RALLY HERE ON GOOD VOLUME
GOLD DROPS MORE AHEAD OF THE CRIMEX OPEN
THE YELLOW UPTREND CHANNEL LOWER LINE
IS THE NEXT SUPPORT AREA, AFTER THAT, IT'S THE
LOW AT 1110
DOLLAR UP STRONGLY, BY WHAT LOGIC?, GOLD MOVES BACK DOWN
EURO DOWN OVERALL
STOCKS MOVED LOWER BUT JUST RALLIED
YEN TRENDING LOWER
OIL BACK UP TO THE 73s
XMAS HOLIDAY TRADING SHOULD BE EXCITING
AND ANYTHING BUT THIN MARKETS
Wednesday, December 16, 2009
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