Wednesday, November 4, 2009

STOCKS, OIL TURN DOWN, BONDS MOVE UP, DOLLAR SLIPPING AGAIN







THIS LAST RALLY WAS ON FAIRLY LOW VOLUME




GOLD COULD JUST RETEST THE LOW, OR FALL LOWER


GOLD PULLS BACK STRONGLY


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR BOUNCES OFF THE LOW A BIT
LIKE A DEAD CAT

GOLD COULD FIND SUPPORT ON THE WHITE DOWNTREND CHANNEL TOP LINE


EURO MAKES NEW HIGHS, STOCKS, OIL ON THEIR HIGHS, BONDS, YEN TURN DOWN


PROFIT TAKERS MOVE IN

GOLD TESTS THE HIGH TENTATIVELY


GOLD COULD SPIKE, BUT I'M NOT CHASING IT
IF YOU ALREADY HAVE LONG POSITIONS, JUST
HANG ON FOR THE LONG TERM

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


BONDS TURN DOWN, OIL MOVES UP STRONGLY, STOCKS, EURO TURN BACK UP, DOLLAR ON ITS LOWS


GOLD COULD SPIKE HERE,

BUT IT'S A VERY BIG GAMBLE

TO BUY IN THIS HIGH

BETTER TO WAIT FOR A PULL BACK

STOCKS AND EURO STARTING TO PULL BACK

BONDS AND STOCKS CLIMBING STRONGLY, EURO STALLING NEAR THE HIGHS, OIL STATIC, DOLLAR SLIPPING LOWER


GOLD HOLDING BACK DESPITE THE EURO AND STOCKS
CLIMBING AND DOLLAR SLIPPING
THERE HAS TO BE A LOT OF PRESSURE ON GOLD BY
THE SHORTS
GOLD MAY BE GETTING READY TO SPIKE ON SHORT COVERING
DO NOT CHASE THIS MARKET HERE

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)




ONE LONG CONSOLIDATION PATTERN, WHITE CHANNEL RESOLVES UP, BLUE DOWN




EURO MAKING NEW HIGHS

STOCKS CLIMBING

YEN HIGHER

BONDS UP A BIT

OIL SORT OF MOVING UP

DOLLAR SLIPPING LOWER

WHO KNOWS? GOLD COULD TAKE OFF HIGHER

JUST BE CAREFUL AND TAKE PROFITS FAST

STOCKS, OIL UP WEAKLY, EURO NOT ABLE TO PULL GOLD UP, DOLLAR RISES A BIT OFF ITS LOWS


GOLD STILL TRADING IN A VERY TIGHT RANGE
COULD BREAK EITHER DIRECTION DEPENDING ON
THE OTHER MARKETS. EVERYTHING TRADING
TIGHTLY AND VOLATILY. VERY HARD TO POST
GOOD CURRENT INFO

EURO SUDDENLY MAKES NEW HIGHS, PULLS GOLD UP BUT IT STOPS ON THE PREVIOUS HIGH AND FALLS BACK


BONDS RISING, STOCKS, OIL FALLING, DOLLAR MOVING LOWER


THESE MARKETS ARE CONTRADICTING ONE ANOTHER
GOLD SEEMS TO NEED TO MOVE LOWER ON PROFIT
TAKING AND LACK OF STRONG MOMENTUM UPWARDS

15 MINUTE DECEMBER EURO CHART (delayed prices)


EURO IS NOT PULLING GOLD UP RIGHT NOW

HOURLY CHART OF DEC CRUDE OIL (delayed prices)


5 MINUTE DECEMBER DOLLAR CHART (delayed prices)