Thursday, July 16, 2009

2:15PM PDST AFTERNOON GOLD CLOSE

DOLLAR DROPS TO .7935...MAYBE GOLD WILL STAY UP

GOLD BEING HELD UP BY RISING DOW, OIL AND EURO FOR NOW

Dow will collapse soon to fill the opening gap from a day ago.
That will shake the house of cards BIG TIME.

NEW TRENDLINES DRAWN


GOLD DOES RALLY, BUT WILL PROBABLY STILL DROP TO THE 75% RETRACE POINT AT 934


GOLD SHOULD STILL DROP TO THE 75% RETRACE POINT AT OR BELOW 934 BEFORE RALLYING

Dollar has moved up to .7953
Dow, Oil, Euro all moving higher
Bonds stair stepping lower

GOLD SELLS OFF INTO THE CLOSE AS PREDICTED, NOW A RALLY FROM THE 75% RETRACE POINT AT 934



GOLD MAY STALL HERE AND PULL BACK AHEAD OF THE CRIMEX CLOSE


GOLD RETRACES 75% OF THE MORNING'S SELL OFF



DOLLAR RISES BACK TO .79525