2:15PM PDST AFTERNOON GOLD CLOSE

GOLD RETRACES 75 % OF THE SELL OFF EVEN THOUGH THE DOLLAR IS RISING

GOLD RETRACES UP TO THE 2ND 75% POINT BEFORE PULLING BACK

Dollar rises to .8031

Dow turns back up

Oil on its low

Euro near its lows

Gold still looks weak to me

EURO, OIL, DOW ARE FALLING, DOLLAR IS NEAR ITS LOWS, GOLD SHOULD NOT GO UP MUCH FURTHER

This is probably a bear trap rally

THIS IS NOT THE BOTTOM

GOLD BUILDING A FLAT TOPPED TRIANGLE WHICH IT SHOULD BREAK OUT OF TO THE UPSIDE, BUT CAN IT OVERCOME THE MANIPULATORS?

IT LOOKS LIKE THE MANIPULATORS ARE GOING TO 'CAP' GOLD AT 92780 TODAY, BUT THE DOLLAR IS SINKING FAST RIGHT NOW, SO?

VERY LIGHT VOLUME ON THIS RISE

DOLLAR GETS GOOSED UP TO .8030

THE NEXT TWO 75% POINTS BELOW

YOU CAN GET WIPED OUT ON THIS TYPE OF MOVEMENT

Bonds drop sharply
Dow moving lower
Euro and Oil also pulling back
No good patterns apparent
Let the smoke clear before trading this crap

GOLD DOES SPIKE AGAIN ON OVER 2,000 CONTRACTS, BUT PULLS BACK, MUCH TOO WILD TO RISK TRADING FOR THE INEXPERIENCED TRADER

WILD RALLY, MUCH TO FAST TO TRADE, NOW SETTLING DOWN TO LIGHT VOLUME, BUT COULD SPIKE AGAIN

GOLD OPENS UP WITH A BRIEF UP MOVE ONLY TO SELL OFF IMMEDIATELY ON MODERATE VOLUME

Dollar falls to .80045, so we could have a good gold rally
after this sell off

PPI AND RETAIL SALES REPORTS THIS MORNING

THE TIC REPORT WILL BE OUT IN THE NEXT TWO DAYS

AUGUST GOLD FINAL NOTICE IS ON THE LAST DAY OF THIS MONTH
THEN WE MOVE TO OCTOBER GOLD

GOLD MOVES UP THROUGH THE SELL ORDERS BUT DOESN'T MANAGE TO SPIKE HIGHER

Often, gold will spike through a large number of sell orders and spike higher
Gold is very caustious here coming into the Crimex open.
Gold could spike quickly on, or before, the open, only to collapse on profit taking
immediately. Or, it could sell off before, or on, the open.
It's up to the manipulators which way the allow it to move.
I only trade the precipitous drops by buying the bottoms of them and selling the quick rally
when it stalls on the run up or hits a know stopping point, like a 75% retrace point
or a previous high.

ABOUT 147 SELLERS AT 925

There will probably be a quick sell off any minute, or at least on the open

Notice the 75% retracement points for gold to move higher on the previous

chart

75% RETRACE POINTS FOR GOLD TO HIT ON THE WAY HIGHER