GOLD DOWN 50% OF THE EARLIER RUN UP

GOLD BREAKS BELOW THE RED DOWN FLAG

EURO. STOCKS MOVING LOWER DRAGGING GOLD LOWER

IF GOLD BREAKS BELOW THE RED DOWN FLAG

IT WILL MOVE DOWN A GOOD DEAL, THEN RALLY WELL,

A GOOD BUY IN OPPORTUNITY

GOLD IS 'COILING' AND BUILDING ENERGY WITHIN THIS RED DOWNFLAG/TRADING RANGE TO BREAK OUT HIGHER SOON

5:340PM PST

GOLD STILL SHOWING STRENGTH, A LITTLE MORE PULL BACK HERE THEN HIGHER?

GOLD COULD PULL BACK MORE OR MOVE HIGHER FROM HERE

GOLD CONSOLIDATING IN A RED DOWN FLAG, COULD BREAK HIGHER OR PULL BACK MORE BEFORE THE NEXT RALLY HIGHER

GOLD COULD BE HESITANT TO MOVE HIGER RIGHT AWAY

AFTER SUCH A QUICK RUN UP. ON THE OTHER HAND

MANY BUYERS MAY BE EAGER TO JUMP IN AT THE HIGHS

BEFORE GOLD MOVES MUCH HIGHER WITHOUT THEM.

NO WAY TO KNOW WHICH WILL HAPPEN UNTIL THE

VERY LAST SECOND AS I WATCH VOLUMES AND PRICE

ACTIONS, AND I CAN'T COMMUNICATE THAT TO YOU ALL

FAST ENOUGH, LET ALONE TRADE MY OWN POSITION,

WHICH HAS TO COME FIRST

GOLD RISING QUICKLY IN EARLY EVENING

GOLD RISES $13 VERY QUICKLY, MAY KEEP GOING

IN STEPS OVERNIGHT

GOLD FALL FURTHER

GOLD ONLY PULLS BACK TO THE PREVIOUS LOW, BUT MAY MOVE LOWER BEFORE ANY SUBSTANTIAL RALLY HIGHER

GOLD CONTINUES TO PULL BACK MAKING LOWER LOWS

GOLD BREAKS OUT OF THE RED DOWN FLAG, RETRACE UP 75%, THEN DROPS QUICKLY

GOLD RISES INTO THE CRIMEX CLOSE AFTER EXCEEDING A PREVIOUS HIGH BY A BIT

THE 75% RETRACE POINT BACK UP FOR THE MOVE DOWN FROM 1212 IS AT 1193.

THERE ARE OTHER POINTS BETWEEN HERE AND THERE BASED UPON

LOWER HIGHS, BUT GOLD WILL MOVE UP ABOUT $30 FROM HERE SOON.

GOLD IS UP AGAINST THE PREVIOUS HIGH WHICH IS RESISTANCE

GOLD BREAKS OUT ON GOOD VOLUME, THERE COULD BE SOME HARD PULL BACKS ALONG THE WAY, SO TAKE IT WHILE YOU HAVE IT

THIS LAST UP MOVE IS A GOOD SIGN THAT GOLD CAN CONTINUE TO MAKE HIGHER HIGHS AND SHOWS STRENGTH MAY BE COMING BACK INTO THIS MARKET

BUT FIRST, THE STANDARD PULL BACK OR

CONSOLIDATION BEFORE A FURTHER RALLY

BUT OF COURSE, THEN GOLD KEEPS MOVING HIGHER AND MAKES WHAT I JUST SAID SEEM STUPID, EXCEPT...THAT THIS MOVE IS THE EXCEPTION AND NOT 'THE RULE'

YOU ALSO HAVE TO BE WATCHING THE OTHER MARKETS

TO SEE WHICH WAY THINGS ARE MOVING TO BE

ABLE TO MAKE THE SPLIT SECOND DECISION ABOUT

WHETHER TO HANG ON OR SELL OUT. I WOULD RATHER

BE OUT WITH A PROFIT THAN HANG ON AND GO UPSIDE

DOWN AND HAVE TO WAIT FOR IT TO FLOAT BACK UP

THIS IS WHERE YOU WOULD SELL THIS UP MOVE AS IT HITS THE 75% RETRACE POINT AND STALLS

SURE GOLD MOVES A LITTLE HIGHER, AND MAY EVEN

MOVE MUCH HIGHER, BUT HOW OFTEN HAVE YOU

SEEN IT STALL AND MOVE DOWN HARD AND YOU LOSE

THE PROFIT YOU JUST MADE? NEVER GRIEVE OVER

MONEY YOU NEVER HAD...JUST OVER THE MONEY YOU

GAVE AWAY WHILE YOUR GREED MADE YOU HOLD OUT

FOR MORE RATHER THAN BE HAPPY WITH WHAT YOU

ALREADY HAVE. INSTEAD, DON'T GRIEVE AT ALL, JUST

LOOK FOR THE NEXT OPPORTUNITY THAT, IN THIS CASE,

WILL BE JUST MINUTES AWAY. MANY OF THESE EASY

PROFITS WILL ADD UP FAST, EVEN WITH MORE COMMISSIONS

BEING PAID FOR MORE IN AND OUT TRADES. OR...

AS SINCLAIR ADVISES, JUST BUY THE LOW AND GO BACK

TO BED...EXCEPT WHEN GOLD GETS HIT LIKE LAST FRIDAY

AND GOES BELOW WHERE EVERYBODY BOUGHT IN IN RECENT

WEEKS. THEN YOU FEEL LIKE A FOOL FOR NOT HAVING SOLD

OUT AT THE TOP WHEN YOU KNEW THINGS JUST DON'T GO

STRAIGHT UP FOREVER...ESPECIALLY WITH THE CROOKS

RUNNING THE SHOW

GOLD VIOLATES THE BLUE UPTREND CHANNEL BOTTOM LINE (no big deal, it's very short term trend channel) AND FALLS NEAR THE 75% RETRACE POINT

NEW BLUE UPTREND CHANNEL LINES DRAWN ABOVE