Thursday, September 17, 2009

BIG SELL OFF COULD BE COMING

WAIT FOR THE REPORTS ON THE HALF HOUR IN 2 MINUTES, COULD BE A SUDDEN DIIP THEN A BIG RALLY

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

AS EXPECTED, GOLD GETS PUSHED LOWER JUST BEFORE THE CRIMEX OPEN, WAIT FOR A FURTHER SELL OFF ON THE OPEN

JUST TOO CLOSE TO THE CRIMEX OPEN TO TRADE HERE AS GOLD IS LIKELY TO GET PUSHED DOWN FURTHER ON THE OPEN BEFORE A GOOD RALLY

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD DRIVEN DOWN AHEAD OF CRIMEX OPEN, COULD GO MUCH LOWER ON THE OPEN BEFORE RALLYING

GOLD MAY YET RETEST THE LOW

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD RALLIES 75% UP TO THE WHITE BOTTOME UPTREND CHANNEL LINE JUST PENETRATED AND SHOULD RETEST THE LOWS NOW


GOLD TANKS AHEAD OF THE CRIMEX OPEN TO SHAKE OUT THE WEAK LONGS

GOLD FALLING GRADUALLY AHEAD OF THE CRIMEX OPEN


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


THE ONLY THING THAT WILL LIFT THE DOLLAR IS PPT INTERVENTION, WHICH
ALWAYS FAILS TO KEEP THE DOLLAR UP FOR VERY LONG NOW.

GOLD WILL PROBABLY MOVE LOWER AS WE APPROACH THE CRIMEX OPEN

NO CLUES FROM ANY OTHER MARKETS EXCEPT THE DOLLAR TO INDICATE GOLD'S RALLY HERE


It could very well be that China, Hedge Funds, and other large entities
are taking advantage of overnight trading to accumlate gold, although
they would get a better price on the Comex, assuming they could actually
get delivery from them.

GOLD IS EITHER FORMING A LEDGE TO FALL FROM OR CONSOLIDATING TO MOVE BACK UP, HARD TO TELL

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD PULLS BACK AND WILL NOW RETEST THE LOW BEFORE MOVING UP