Monday, July 27, 2009

GOLD CONSOLIDATING FOR A FURTHER MOVE UP

DOLLAR SLIPS OFF ITS HIGH


GOLD STILL RISING ON LIGHT VOLUME


Indicator markets are all turning in favor of supporting
higher gold, except the dollar which continues to rise.

DESPITE ALL OTHER MARKETS BEING NOT SUPPORTIVE OF GOLD...GOLD TAKES OFF

DOLLAR RISING

BONDS, YEN RISING, DOW, OIL, EURO FALLING

DOLLAR FALLS TO .7866


DOLLAR RISES SLOWLY


EURO AND OIL MOVE HIGHER, GOLD MAY MOVE UP, BUT BE CAUTIOUS


Dollar is rising, currently .7873

INTERNET EXPLORER IS GIVING ME TROUBLE ACCESSING BLOGGER TO POST MY CHARTS

I'm working on the problem

EURO AND OIL ARE FALLING, GOLD MAY FALL FURTHER

GOLD STARTING TO MOVE LOWER NOW


DECEMBER GOLD IS THE NEXT MONTH WITH THE MOST OPEN INTEREST, NOT OCTOBER

I am trading December gold.
August gold First Notice occurs on this friday the 31st
You should NOT be trading August gold.

Some of the irregularity in gold trading can be attributed
to the roll over of contracts, but not all.

Usually the expiring month will trade very actively right
up to First Notice day.

GOLD MAY BE FORMING THE RIGHT SHOULDER OF A H&S PATTERN WHICH RESOLVES DOWN


VOLUMES ARE VERY LIGHT AND GOLD'S UPWARD
MOVEMENT IS VERY HESITANT

DOLLAR RISING, BUT OVERALL IS A DISASTER


HOURLY CHART FOR PERSPECTIVE ABOVE


5 MINUTE CHART

VOLUME IS VERY ERRATIC AND LIGHT, SPOOKY TRADING RIGHT NOW, GOLD MAY PLUMMET


GOLD RISING ON LOW VOLUME BUT MAY FALL FROM HERE AS THE INDICATOR MARKETS ARE NOT SUPPORTIVE OF GOLD RIGHT NOW


Dollar rising all other markets falling or, at least, not rising