GOLD DROPS AS STOCKS, OIL, EURO MOVE DOWN

GOLD DROPS TO THE 75% RETRACE POINT WHICH

ALSO COINCIDES WITH THE WHITE TOP LINE OF THE

DOWNTREND CHANNEL THAT WAS JUST EXCEEDED

WHERE SUPPORT SHOULD BE FOUND

GOLD MAY FALL A BIT HERE WITHING THE RED DOWN FLAG, THEN RESOLVE HIGHER

MONDAY TRADING SO FAR

TRADING SINCE THE SUNDAY OPEN

THE LARGER PICTURE

THE WHITE DOWNTREND CHANNEL IS ALSO

A LARGE DOWN FLAG THAT RESOLVES UP

GOLD MOVES ABOVE THE WHITE DOWNTREND CHANNEL

10:15AM PST HOLIDAY GLOBEX GOLD CLOSE

GOLD HITS THE 75% RETRACE POINT AND PULLS BACK WITH 45 MINUTES BEFORE GLOBEX CLOSES

GOLD MOVES BACK UP TOWARDS THE 75% RETRACE POINT

GLOBEX GOLD TRADING CLOSES AT 1:15PM EASTERN TODAY AND REOPENS AT 5PM EASTERN TODAY ONE HOUR EARLIER THAN USUAL

GOLD TRADING SHOULD START TO BECOME MORE ACTIVE
THIS EVENING AND OVERNIGHT AS OTHER MARKETS REOPEN
FOR REGULAR TRADING

GOLD STILL TRENDING LOWER WITHIN THE BLUE DOWNTREND CHANNEL

EURO MOVING LOWER, GOLD FOLLOWING

GOLD TRADING BECOMING ERRATIC AND DIRECTIONLESS

GOLD PULLS BACK

LOOKS LIKE GOLD IS GOING TO HIT THE 75% RETRACE POINT, BUT WILL IT PULL BACK FROM THERE OR JUST CONSOLIDATE AND GO HIGHER?

GOLD RALLIES STEADILY, NOW A PULL BACK OR A CONSOLIDATION AND THEN HIGHER?

GOLD MAY MOVE A LITTLE LOWER BEFORE ANY GOOD RALLY TAKES PLACE

GOLD MOVES LOWER

THE BULLION BANKS ARE TAKING ADVANTAGE

OF A THIN HOLIDAY MARKET TO DRIVE GOLD LOWER

GOLD TRADING VERY LIGHT, VOLUME MOSTLY IN SINGLE DIGITS

VERY QUIET GOLD OPEN, BASICALLY JUST A CONTINUATION OF OVERNIGHT GLOBEX TRADING

GOLD DROPS BELOW THE THIN WHITE UPTREND CHANNEL'S LOWER LINE BUT STILL WITHIN THE RED DOWN FLAG

GOLD TRADING VOLUME SHOULD BE MUCH THINNER

THAN USUAL, BUT GOLD COULD STILL MAKE SOME

WILD MOVES.

MANY MARKETS ARE NOT OPEN TODAY MAKING IT

DIFFICULT TO GET DATA OR POST CURRENCY CHARTS

AS FUTURESOURCE IS CLOSED TODAY AND NOT UPDATING

THEIR CHARTS

GOLD STARTS TO SLIP LOWER AHEAD OF THE CRIMEX OPEN

GLOBEX IS THE MAIN TRADING PLATFORM TODAY

AS THE CRIMEX PITS MAY BE CLOSED

GOLD HAS TO MOVE ABOVE THE WHITE DOWNTREND LINE TO REACHE THE 75% RETRACE POINT AT 1141.6

GOLD HAS RISEN $10 SINCE THE SUNDAY OPEN

THE LARGER PICTURE

GOLD RISES TO THE 75% POINT AND CONSOLIDATES, MAY GO HIGHER

1:22AM PST MONDAY

GOLD MAY MOVE A LITTLE LOWER IN THE RED DOWN FLAG BEFORE BREAKING UUP AND OUT OF IT

SOME PULL BACK HERE, THEN MAYBE HIGHER

LOTS OF GOLD ACCUMULATION GOING ON TONIGHT, VERY SNEAKY...

ANOTHER STEP HIGHER

GOLD DOING ONE OF ITS SUNDAY NIGHT SLOW RALLIES AGAIN

LOOKS LIKE GOLD IS GOING TO KEEP STAIR STEPPING HIGHER FOR AWHILE

EURO JUST PULLED BACK, SO GOLD SHOULD TOO,

THEN MOVE RIGHT BACK UP A LITTLE AT A TIME

UNTIL AROUND MIDNIGHT WHEN FOREIGN MARKETS

WILL BECOME ACTIVE

GOLD WILL PROBABLY CREEP HIGHER FROM HERE

GOLD BREAKS OUT OF THE RED DOWN FLAG

GOLD SHOULD MOVE UP OUT OF THIS RED DOWN FLAG

GOLD MOVES CLOSER TO THE NEXT 75% RETRACE POINT

GOLD TRADING VERY QUIETLY SO FAR, MAY BECOME MORE ACTIVE CLOSER TO MIDNIGHT PST

GOLD STARTS TO BREAK ABOVE THE WHITE DOWNTREND CHANNEL

GOLD SHOULD MOVE UP OUT OF THIS RED DOWN FLAG

GOLD MOVES A BIT HIGHER

GOLD RALLIES WELL AS VOLUME INCREASES A BIT

SUNDAY EVENING GOLD OPENS DOWN TO THE BLUE UPTREND LINE WITH A WEAK RALLY BACK UP ON LOW VOLUME

COULD JUST BE A THIN HOLIDAY MARKET

2:30PMM PST SUNDAY 1/17/2010

HERE IS THE LINK FOR SUNDAY/MONDAY
HOLIDAY TRADING HOURS FOR GOLD:
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv10-11.pdf

GOLD WILL TRADE STARTING A 3PM PST (ONE HALF HOUR FROM NOW)

IT WILL CLOSE EARLY ON MONDAY AT 1:15 EASTERN TIME
AND REOPEN AT 5PM EASTERN TIME AND TRADE OVERNIGHT
AND RESUME NORMAL TRADING HOURS ON TUESDAY

60 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)

A MERE BLIP

DAILY DOLLAR CHART

THIS CURRENT DOLLAR RISE IS A MERE BLIP

IN THE OVERALL PICTURE OF THINGS

240 MINUTE MARCH 2010 YEN CHART (delayed prices)

YEN AND BONDS SEEM TO MOVE TOGETHER

WHEN THEY GO UP, IT DOES NOT SUPPORT HIGHER GOLD