Tuesday, August 11, 2009
DOW NOW OFF 100 POINTS, SHOULD DRAG GOLD DOWN
Gold forming a ledge to fall from.
This is all a planned drop in gold so the BIG BOYZ
can scoop up their gold at the bottom after raping
all the little people.
GOLD SHOULD NOW FIND RESISTANCE AT THE BOTTOM RED LINE OF THE UP FLAG JUST VIOLATED TO THE DOWNSIDE
Bonds, Yen higher,
Euro, Dow, Oil moving lower
Dollar hits .7941, currently at .7936
THE ATTACK BEGINS...GOLD FALLS ON 1,100 CONTRACT IN ONE MINUTES
Gold bounces, but not far, although volume is
moderate for 2 minutes. 94420 is the next point
to fall below, then the 75% retract point at 93920
GOLD GETTING READY TO GET BOMBED LOWER
Bonds moving up
Dow, Oil, Euro falling
Yen up
Dollar just gets goosed up to .7926
Strange things are going on, be careful
GOLD FALLS TO YESTERDAY'S CLOSE PRICE ON LIGHT/MODERATE VOLUME
The way gold is trading is very unusual.
This is NOT normal trading at all. Be very
cautious before entering this market for a while
I THINK GOLD IS GOING DOWN TO AT LEAST 93920 (75%)
The volumes so far this morning are very low
with erratic pulses of moderate volume in
both directions. Obviously, gold is weak right now.
Euro is falling fairly fast
AND GOLD GETS KNOCKED DOWN FROM THIS PHONEY RALLY
Dow jumps then collapses back
Euro moving lower
Bonds rising
Dollar up from its low of .7912, currently at .7921
FOMC MEETING TODAY AND TOMORROW
The markets could be waiting for the FOMC meeting to
put out their report before making any trades.
But what do you expect from these meetings?
The usual nothing will change...it's like reading tea leaves
the way the media interpret the report
put out their report before making any trades.
But what do you expect from these meetings?
The usual nothing will change...it's like reading tea leaves
the way the media interpret the report
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