DOW FINALLY IN PLUS TERRITORY, UP 11 POINTS

Oil and Euro moving higher
Yen lower
Bonds chopping sideways on their lows

POSSIBLE RETRACEMENT POINTS IF GOLD GOES DOWN

GOLD PULLS BACK AFTER A GOOD RALLY MORE THAN 75%

REMEMBER, THESE ARE DELAYED (15 minutes) CHARTS, SO GOLD COULD BE EVEN HIGHER OR LOWER

DOW, OIL AND EURO MOVE HIGHER

Gold volume at about 200 contracts/minute but gold
is still moving higher even though the Dollar is moving
higher too. Dollar currently at .7916.

At the top of the rally gold gets a whack down, but volume

is now around 650 contracts/minute

GOLD BREAKS HIGHER TO THE PREVIOUS HIGH AT 9479 ON BETTER VOLUME AND KEEPS GOING

Strong volume now of about 400 contracts/minute.
Looks like the longs may win this battle.
This should put the Fear of God in the shorts and make
them cover, driving gold even higher

GOLD GETTING READY TO SPIKE HIGHER

60 MINUTE CHART OF THE DOLLAR FOR PERSPECTIVE

5 MINUTE CHART OF THE DOLLAR

Not much action in the dollar during all this wild gold trading

LESS THAN 100 CONTRACT/MINUTE IN VOLUME ON MOST ALL OF THIS TRADING ACTION

THE LARGER PICTURE ON GOLD'S PULL BACK

THE RED DOWN SLOPING TRADING RANGE/DOWN FLAG SHOULD RESOLVE UP

I NOW SEE THAT THE PREVIOUS CURRENCY CHARTS HAVE FILLED IN

THIS IS SOME WILD ASS TRADING TODAY, FOLKS!

Gold is rising on low volume from the purple lower uptrend

line which I keep redrawing to include the newest low being

created

BLOGGER IS GIVING ME PROBLEMS UPLOADING CHARTS

I WILL KEEP TRYING TO POST, BUT IT MAY BE A WHILE
UNTIL THIS PROBLEM GOES AWAY..

AFTER SCROLLING DOWN, I SEE THAT BLOGGER HAS NOT
POSTED SOME EARLIER CURRENCY CHARTS.

BLOGGER IS RIDDLED WITH PROBLEMS.
I MAY HAVE TO FIND ANOTHER WAY TO DO THIS.

BONDS ARE STABILIZING ON THEIR LOWS

Dow is starting to rise and reducing some early losses
Oil is turning up
Euro is in the process of moving up
Yen is moving down a bit
Dollar is at .7907 and fairly steady there

I JUST SAW ABOUT 350 SELL ORDERS SHOW UP JUST ABOVE THIS LEVEL THAT INSTANTLY DISAPPEARED

That could be a short tactic to scare longs into giving up their positions.
It's an old trick to put in the sell orders and pull them after they get the
market moving the direction they want as scared traders bail out in anticipation
of larger forces hitting their positions.

October gold is actually moving up as August rolls over in anticipation of
First Notice day on the 31st

THIS IS LIKE WATCHING BUCKING BRONCOS AT THE RODEO AS THE SHORTS TRY TO THROW THE LONGS OFF THEIR BACKS

And it's all being done on very light volume which can make

it all the more volatile.

It could also be a lot of lightning fast 'black box' trading by

hedge funds also and probably is.

We may see some short covering begin and gold could spike

OIL SLIPPING LOWER (hourly chart)

GOLD HOLDS AT 94250 AFTER A LAST HIT OF 346 CONTRACTS ONLY TO BOUNCE ON LIGHT VOLUME

Dollar is barely moving and even slipping some.

This is nothing but manipulators versus real gold buyers