Thursday, September 3, 2009

15 MINUTE DOLLAR CHART (delayed prices)


The dollar hasn't collapsed as Market Watch
would have you believe was the cause of gold's
rise today. It rose the same time gold was rising.
Actually the other markets haven't
done much of anything today to affect gold.
Gold is simply becoming the NEW WORLD CURRENCY!

GOLD PULLS BACK ON PROFIT TAKING


6 HOUR CHART SHOWS GOLD MOVING ABOVE THE BLACK MAJOR DOWNTREND LINE


15 MINUTE DOLLAR CHART (delayed prices)


GOLD IS MOVING ON ITS OWN NOW AS THE OTHER MARKETS ARE NOT DOING ANYTHING TO PROVOKE THIS MOVE

GOLD MOVES ABOVE THE MAJOR BLACK DOWNTREND LINE


WE ARE IN NEW TERRITORY NOW.
Gold will probably pull back, but it could move
up to $1000 where it should find resistance

A NEW HIGH, COULD GO HIGHER



GOLD MOVES UP THROUGH THE RETRACE POINTS


INDICATOR MARKETS TURNING NEGATIVE TO GOLD


15 MINUTE DOLLAR CHART (delayed prices)


GOLD MAY MOVE BACK UP NOW AFTER A PULL BACK




INDICATOR MARKETS TURNING POSITIVE TO GOLD




15 MINUTE DOLLAR CHART (delayed prices)


POSSIBLE RETRACEMENT POINTS ON THE WAY DOWN



Dow, Oil, Euro still down

THE INDICATOR MARKETS ARE STILL VERY NEGATIVE AND DOLLAR IS STAYING UP


GOLD GETS HIT ON PROFIT TAKING AND MANIPULATION




Dow, Oil, Euro move down

Gold will find a bottom near here and move back up

GOLD HITS THE 75% POINT AND PULLS BACK FOR ANOTHER MOVE UP




GOLD PULLS BACK TO THE TOP WHITE DOWN TREND LINE FOR SUPPORT