Tuesday, July 14, 2009

2:15PM PDST AFTERNOON GOLD CLOSE

GOLD RETRACES 75 % OF THE SELL OFF EVEN THOUGH THE DOLLAR IS RISING


GOLD RETRACES UP TO THE 2ND 75% POINT BEFORE PULLING BACK


Dollar rises to .8031
Dow turns back up
Oil on its low
Euro near its lows
Gold still looks weak to me

EURO, OIL, DOW ARE FALLING, DOLLAR IS NEAR ITS LOWS, GOLD SHOULD NOT GO UP MUCH FURTHER

This is probably a bear trap rally

THIS IS NOT THE BOTTOM


GOLD BUILDING A FLAT TOPPED TRIANGLE WHICH IT SHOULD BREAK OUT OF TO THE UPSIDE, BUT CAN IT OVERCOME THE MANIPULATORS?


IT LOOKS LIKE THE MANIPULATORS ARE GOING TO 'CAP' GOLD AT 92780 TODAY, BUT THE DOLLAR IS SINKING FAST RIGHT NOW, SO?



VERY LIGHT VOLUME ON THIS RISE


DOLLAR GETS GOOSED UP TO .8030




THE NEXT TWO 75% POINTS BELOW