Thursday, January 28, 2010

GOLD STARTING TO RALLY




GOLD IS RESPECTING THE WHITE DOWNTREND LINE AND MAY FALL


ALL MARKETS VERY INDECISIVE HERE, GOLD FORMING A LEDGE, COULD FALL


MARKETS ALL REVERSING HERE, GOLD MAY RALLY


GOLD COULD STILL FALL BEFORE THE RALLY, BUT
STOCKS, EURO, OIL ARE TURNING UP AND BONDS, YEN
ARE TURNING DOWN
DOLLAR IS A LITTLE HIGHER
IT IS NOT UNUSUAL FOR GOLD TO DIP JUST BEFORE IT
RALLIES

BONDS, YEN RISING WELL, NOT SUPPORTIVE OF HIGHER GOLD


STOCKS STILL FALLING, EURO MOVING DOWN
GOLD MAY RETEST THE LOWS

GOLD ABOUT TO DROP BELOW THE PREVIOUS LOW AT 1087


GOLD MAY MOVE LOWER AS STOCKS, OIL, EURO MOVE LOWER


GOLD DROPPED BELOW THE BLUE LOWER UPTREND
CHANNEL LINE BUT IS DANCING AROUND IT NOW
I SAY LOWER SHE GOES...MAYBE EVEN TO THE YELLOW
LOWER UPTREND CHANNEL LINE SHOWN AT THE BOTTOM
OF THE CHART

GOLD CONSOLIDATING HERE IN A LEDGE, SHOULD MOVE DOWN TO THE 75% RETRACE POINT BEFORE RALLYING


GOLD MAY FALL TO THE NEXT RETRACE POINT SHOWN
ALTHOUGH IT IS NOW ON THE LOWER BLUE UPTREND
CHANNEL LINE

STOCKS STILL FALLING NOW DOWN 20 OR MORE POINTS, GOLD NOW BELOW THE 75% RETRACE POINT


GOLD WILL RALLY WELL OFF THE LOW THAT RESULTS ON
THIS PULL BACK

STOCKS OPEN DOWN HARD, PULLING GOLD DOWN, SHOULD RALLY ANY MOMENT NOW


GOLD PULLS BACK CAREFULLY, SHOULD MOVE HIGHER ANY MINUTE AS STOCKS ABOUT TO OPEN IN 5 MINUTES


RED DOWN FLAG RESOLVES UP



STOCKS MUST MOVE HIGHER ON THE OPEN

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


STILL NO INDICATIONS FROM THE DOLLAR

GOLD CONGESTING HERE TO MOVE HIGHER BUT MAY PULL BACK TO THE TOP PURPLE DOWNTREND CHANNEL LINE BEFORE THE NEXT UP LEG


GOLD CREEPING UP INSTEAD OF SPIKING, MAY PULL BACK HERE AND THEN SPIKE


GOLD IS GOING TO SPIKE NOW


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR STAGGERING AROUND LIKE A DRUNK
THAT HAS BEEN MANIPULATED TOO MUCH

OIL REBOUNDS, YEN DOWN FLAGGING TO MOVE HIGHER, STOCKS PULLING BACK


GOLD MOVING A BIT HIGHER BUT MAY STILL PULL BACK
BEFORE MOVING HIGHER
THE PURPLE TOP DOWNTREND CHANNEL LINE IS RESISTANCE
GOLD MAY FIND SUPPORT ON THE TO WHITE LINE OF THE
SHORT TERM DOWNTREND CHANNEL

ANOTHER PULL BACK THEN HIGHER


OIL PLUNGING, YEN CONGESTING ON ITS HIGHS, GOLD IS PULLING BACK FOR A 2ND LEG HIGHER




GOLD MAY PULL BACK AT THE 75% POINT THEN MOVE BACK UP IN A 2ND LEG UP


YEN STILL CLIMBING, BONDS TURN DOWN



GOLD STARTING TO RISE CAUTIOUSLY

BONDS, YEN RISING WELL, NOT SUPPORTIVE OF HIGHER GOLD

JOBLES CLAIMS DOWN 8K, DURABLE GOODS UP 0.3%


GOLD FALLS MORE BEFORE THE MORNING REPORTS


FEB GOLD FIRST NOTICE DAY TOMORROW

BE OUT OF YOUR FEB GOLD CONTRACTS

TODAY!

RETRACE POINTS LOWER


GOLD STARTING TO FALL AHEAD OF THE CRIMEX OPEN


HOURLY S&P 500 CHART


5:06AM PST S&P 500

HOURLY EURO CHART


5:04AM PST EURO

HOURLY DOLLAR CHART


5:02AM PST DOLLAR

4:58AM PST THURSDAY GOLD MOVES A LITTLE HIGHER ABOVE THE PREVIOUS HIGH AND THE TOP LINE OF THE PURPLE DOWNTREND CHANNEL


JOBLESS CLAIMS AND DURABLE GOODS REPORTS AT 5:30AM PST

NEW BLUE UPTREND CHANNEL


4:20AM PST THURSDAY GOLD FELL AFTER MIDNIGHT PST AND IS NOW RALLYING A BIT


SHOULD BE AN INTERESTING TRADING DAY AS
FIRST NOTICE FOR FEB GOLD IS TOMORROW. YOU
SHOULD BE OUT OF YOUR FEB GOLD CONTRACTS TODAY!

Wednesday, January 27, 2010

11:45PM PST WED


THE EVEN LARGER PICTURE


THE LARGER PICTURE


GOLD MAKES A NEW LOW AND CANCELS THE H&S PATTERN


GOLD TICKS A LITTLE LOWER


GOLD PULLS BACK FROM ITS LITTLE POST FOMC REPORT RALLY


ONE MINUTE MARCH 2010 EURO CHART (delayed prices)


CRAZY TIME FOR THE EURO TOO

ONE MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


CRAZY TIME FOR THE DOLLAR ON THE FOMC REPORT

GOLD STILL MOVING AROUND IN AFTERNOON TRADING


GOLD PUSHES A LITTLE LOWER


OTHER MARKETS FALLING AND RISING IN VOLATILE
MANNER. TOO DIFFICULT TO REPORT ON

YEN FALLING HARD, STOCKS RALLY BACK UP, GOLD NOT GOING CRAZY AS USUAL BUT COULD STILL MOVE BOLDLY, BUT WHICH DIRECTION?


THIS IS ALWAYS A VERY VOLATILE AND CRAZY
TRADING PERIOD

FOMC REPORT NO CHANGE

EURO, STOCKS, OIL, ,YEN, BONDS
ALL FALL RAPIDLY
GOLD PULLS BACK A LITTLE

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD CLOSES ON ITS LOW AHEAD OF THE FOMC REPORT IN 45 MINUTES


GOLD FALLS BELOW THE PREVIOUS LOW AT 1086.50



GOLD FALLS BELOW THE YELLOW BOTTOM
UPTREND CHANNEL LINE