Thursday, September 3, 2009

NOW TO GET ABOVE THE WHITE DOWNTREND LINE


UP VOLUME IS BUILDING
The white downtrend channel resolves UP

THE SHORTS SHOULD BE IN A STATE OF PANIC BY NOW AND MAY START COVERING, DRIVING GOLD MUCH HIGHER


The Indicator markets are all turning positive gradually once again

HEALTHY LITTLE BOUNCE/RALLY OFF THE RIGHT SHOULDER, SHOULD KEEP GOING HIGHER


GOLD IS REALLY HOLDING RATHER STRONGLY BUT MAY SLIP


Gold is forming a 'mini' inverse head and shoulders
and could take off higher any minute.
Down volume is not that bad.

GOLD GETTING TRACTION AS THEI INDICATOR MARKETS BEGIN TO TURN POSITIVE


Gold is gradually building up volume but MUST
keep moving up to gain momentum

15 MINUTE DOLLAR CHART (delayed prices)


Dollar back up a bit on a PPT goose, but will
probably sink soon

GOLD COULD RALLY TODAY AND MOVE UP TO $1000


EURO, STOCKS, OIL TURNING AGAINST GOLD FOR THE MOMENT BUT SHOULD TURN POSITIVE SOON


Gold holding well, but starting to yield ground a bit
but not bad with a sinking dollar.
Not bad that gold dropped to the 1st 75% point...
that's normal. Now it's moving back up

WITH DOLLAR FALLING, GOLD SHOULD TURN UP SOON


After two strong up days gold is holding well after the
morning Crimex hit job. I expect gold to turn up soon
and am long right now. gold could move down to the
next 75% point shown, but it is holding quite well right here.
It just has to get a move on quickly to keep moving up

15 MINUTE DOLLAR CHART (delayed prices)


MARKET MOVING MUCH TOO FAST TO POST RELIABLE CHARTS AND TRADE TOO




15 MINUTE DOLLAR CHART (delayed prices)






NEW HIGH PRICE





15 MINUTE DOLLAR CHART (delayed prices)


This could lead to higher gold