OIL MOVING DOWN
EURO MAY TURN BACK UP AFTER ITS PULL BACK
STOCKS CONSOLIDATING HERE
BONDS MOVING BACK UP
YEN TOO A LITTLE
Tuesday, December 22, 2009
GOLD UP VOLUME IS DECREASING TO LIGHT/MODERATE ON THIS LAST UP MOVE
GOLD PULLS BACK JUST UNDER THE JUST MADE HIGH
AT 1095.5. GOLD WILL PROBABLY CONSOLIDATE HERE
FOR A GRADUAL MOVE HIGHER TO AROUND 1098 AND
GET STOPPED THERE.
THE PULL BACK SLOWS, COULD MOVE BACK UP
BONDS, YEN FALLING
STOCKS, EURO, OIL FALLING
MAY PULL GOLD LOWER
DOLLAR CHART STARTING TO CATCH UP TO REAL TIME
DOLLAR HAS DROPPED
THIS RALLY STARTED AT 5:10AM PST AND ONLY 10,000 CONTRACTS UP VOLUME HAVE TRADED SO FAR...NOT AN INCREDIBLE RALLY RELATIVE TO REALLY BIG ONES
THIS IS ONLY A $9 RALLY FROM A VERY LOW GOLD
PRICE. GOLD IS NOW PULLING BACK AND WILL
EITHER CONSOLIDATE HERE AND MOVE HIGHER
OR TAKE THIS RALLY BACK. SHORTS HAD TO BE
COVERING ON THIS RALLY SOMEWHAT BUT THE
SELLING PRESSURE IS COMING BACK IN
GOLD MOVES HIGHER, VOLUME GROWS STRONGER, A PULL BACK IS DUE HERE
EURO JUMPS HIGHER
STOCKS FALL THEN RALLY
OIL UP SOME
BONDS, YEN RISE IN STEPS
DOLLAR CHART NOT CURRENT YET
BUT DOLLAR SHOULD HAVE FALLEN
GOLD MOVES UP ON GOOD VOLUME, BUT NOT STRONG VOLUME
EURO CONSOLIDATING AFTER ITS LITTLE RUNUP
COULD MOVE HIGHER AND PULL GOLD UP
VERY TRICKY TO CALL A BIG GOLD RALLY HERE
GOLD NEARING THE 75% RETRACE POINT AT 1077.8 FOR THE ENTIRE MOVE UP FROM 1028 TO 1227.50
READ DAN NORCINI'S COMMENTS POSTED BELOW
SCROLL DOWN.
SEE HIS CHART AT JSMINESET.COM
Monday, December 21, 2009
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