Thursday, August 13, 2009

THE MANIPULATORS ARE TRYING TO CAP GOLD HERE, BUT THEY ARE IN FOR A BIG SURPRISE

GOLD BREAKS OUT OF BOTH DOWN FLAGS AND STARTS TO MOVE HIGHER

5 MINUTE DOLLAR CHART (delayed prices)


GOLD IS IN A WHITE LITTLE DOWN FLAG WITHIN THE LARGER RED DOWN FLAG, BOTH SHOULD RESOLVE UP


GOLD BEGINS ITS MOVE HIGHER

5 MINUTE DOLLAR CHART (delayed prices)


RED DOWN FLAG LINES REDRAWN


Dollar moves lower to .7840

GOLD PULLS BACK A BIT, BUT SHOULD MOVE HIGHER NOW

5 MINUTE DOLLAR CHART (delayed prices)


DOW, OIL MOVING HIGHER, DOLLAR SLIPPING LOWER


Gold has broken up and out of the red down flag, is pulling
back a bit from the 75% point a bit and finding support
at the top red down flag line. It should move much higher
now and make new highs with a little battle at today's top
price at 96310

GOLD MOVES HIGHER RAPIDLY ON LIGHT/MODERATE VOLUME AND PAUSES AT THE 75% RETRACE POINT AT 960


A slightly higher 75% retrace point is a 96090 and gold
could pull back from there before going much higher

Gold should move higher to the next 75% point at 96620

GOLD SHOULD NOW RISE TO TEST THE DAY'S HIGHS AND MAYBE MOVE TO NEW HIGHS

5 MINUTE DOLLAR CHART (delayed prices)


GOLD STARTS BACK UP

5 MINUTE DOLLAR CHART (delayed prices)


GOLD MOVES DOWN TO A LOWER 75% RETRACE POINT, THEN RALLIES A BIT



Dollar moves up to .7855
Indicator markets are reversing in support of gold moving up

GOLD HOLDING ITS OWN IN LIGHT OF THE OTHER MARKETS DIRECTIONS


Gold may move higher yet today as the shorts are having
trouble knocking it lower

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GOLD MOVES LOWER ON FAIRLY STRONG VOLUME FOR A FEW MINUTES BUT SEEMS TO FIND SUPPORT ON THE WHITE BOTTOM UPTREND LINE


Bonds, Yen moving much higher
Dow plunging
Oil falling
Euro moving lower
Dollar gets a little goose higher to .78415 currently

5 MINUTE BOND CHART (delayed prices)


Bonds move higher than shown here