Friday, July 17, 2009

CONTINUOUS CHART OF LIGHT CRUDE OIL TO DATE


CONTINUOUS CHART OF THE DOW TO DATE


CONTINUOUS CHART OF THE YEN TO DATE


CONTINUOUS CHART OF THE EURO TO DATE


CONTINUOUS CHART OF TREASURY BONDS TO DATE


CONTINUOUS CHART OF THE DOLLAR TO DATE


THE MAJOR BLACK DOWN TREND CHANNEL THAT WILL RESOLVE UPWARDS


THE BIG PICTURE


THIS WEEK IN GOLD TRADING


2:15PM PDST AFTERNOON CLOSE FOR THE WEEKEND

Gold managed to hold on to its gains today. This is VERY significant.
Gold is in the "Armstrong" window where he predicts gold will take off for new highs.

The selling pressure from the guv'mint, via their sycophants at the Crimex
and the bullion banks, will not cease until they realize that their short positions
are going to bankrupt them as gold seeks the dollar price level it requires to reach a balance
with all the worthless paper dollars that has been injected into the money supply
that is a defacto case of the world's worst case of hyper inflation ever created.

GOLD CONTINUES TRADING IN A NEW WHITE DOWNFLAG SITTING ON TOP OF THE PREVIOUS YELLOW DOWN FLAG WHICH IS PROVIDING SUPPORT




GOLD HANGS ON INTO THE CLOSE, COULD RISE NOW

Bonds and Yen fall hard
Dow rising
Oil near its highs
Euro flagging after its up move
Dollar slipping lower

OIL AND EURO RISING, DOLLAR EDGING LOWER SLIGHTLY

GOLD SUPPORTED BY THE 10 DAY MA BUT FINDS RESISTANCE AT THE 100 DAY MA


GOLD WILL PROBABLY SELL OFF INTO THE CRIMEX CLOSE


GOLD TRADING UP AND DOWN 75% ALL DAY, BUT IT'S TIME FOR IT TO SELL OFF THE CLOSER WE GET TO THE CRIMEX CLOSE


GOLD STOPS ON THE TOP LINE OF THE WHITE DOWN FLAG


SELLER VOLUME BUILDING JUST ABOVE HERE



DOLLAR STARTS TO RISE, CURRENTLY AT .7965


BONDS, DOW, OIL ALL MOVING LOWER