Monday, August 31, 2009
THE NEXT TWO HIGHER 75% RETRACE POINTS AS GOLD MOVES BACK UP
Gold is going to break through the 960 area soon and
head up to 980 and 1000, so be ready to hang on to some
of your long positions for possible huge up spike, which
will immediately be sold off for profit taking. We're entering
a time when it will be more and more difficult to take profits
and be able to buy back in on a pull back. The pull backs
will become fewer and more shallow as the flight to gold
builds momentum and gold could start moving in $50-$100 moves
both up and down, so be very conservative with your positions
and margins.
T BONDS PLUNGE, RALLY, PLUNGE AGAIN...DEC IS NEW FRONT MONTH
DEC T BONDS 5 MINUTE CHART (delayed prices)
GOLD STILL CLIMBING BACK UP FOR NOW
There should be a pull back soon, then another rally.
This morning's sell off was nothing more than the manipulators
making sure gold didn't move above 960 for now.
GOLD BREAKS BELOW THE TURQUOISE UPTREND LINE AND DROPS TO THE 75% RETRACE POINT, MAY RETRACE WELL NOW
Stocks and Oil bottoming, Yen topping, Euro may rise now.
Dollar rising some, but may not affect gold's rise too much.
Gold is in a good position to rise 75% from here
GOLD MOVES UP ON THE SUNDAY EVENING OPEN
Gold moves up through several 75% retrace points, then
pulls back, possibly to 95690 (75%), which also coincides
with the red down trend top line that was just exceeded
and which could offer a support area for another rally
Friday, August 28, 2009
THE LARGER VIEW
Gold retraced 75% of the yellow down trend channel
Will it break out next week?
960 is where the Crimex Manipulators are capping gold for now.
It needs to move up to, and beyond 980 and stay there to
be able to move higher.
THIS WEEK'S GOLD TRADING
WE END ALMOST EXACTLY WHERE WE STARTED THE WEEK
If you had held on to a position, you wouldn't have made anything.
If you traded many of the good moves, you would have made lots...
I did. More than at a regular job...and I did it in my sweat pants.