Wednesday, July 15, 2009

DOLLAR HITS NEW LOW AT .7942, DOW STARTING TO PULL BACK FROM ITS HIGHS 30 MINS BEFORE THE CLOSE


Gold continues up and down in an inclining uptrend channel
Other markets have been supportive of gold all day, but the
manipulators have taken every opportunity to keep gold from
rising in a straight line, which it would without their interference

GOLD KEEPS WALKING UP THE YELLOW UPTREND CHANNEL


Dow up 250 with an hour to go. It could sell off to fill the gap up opening
Dollar remains near its lows
Euro still up well
Oil still up
Bonds totally crapped out today, a big problem for the manipulators
Yen beaten down today. the Japanese love that for their exports

GOLD TRADING WILDLY IN AFTERNOON TRADING


Dollar down on its lows all day
Euro makes new highs
Dow up 225
Oil up to the 61s
Bonds down hard today making new lows
Looks like massive pressure on gold, otherwise
it would have spiked much higher and quicker,
but the shorts are sitting on it as hard as possible

GOLD GETTING READY TO FALL?


Bonds have dropped to make a new intermediate low and are now moving back up
Yen is dropping again
Dow is up about 150
Euro is topping but not falling hard
Oil is flagging and could go higher

SURE LOOKS LIKE A HEAD AND SHOULDERS PATTERN TO ME

BONDS CONTINUE TO FALL
DOLLAR NEAR ITS LOW OF .7949

GOLD MAKES A NEW HIGH ON GOOD VOLUME MOVING ABOVE THE BLACK DOWN TREND LINE THEN PULLS BACK

Euro makes new highs
Yen moves back up
Oil moving higher
Bonds stop falling
Dollar new low at .7954

GOLD MOVES UP A BIT IN VERY ERRATIC TRADING

Yen still falling
Bonds falling
Euro staying up near its highs

BONDS FALLING STEEPLY, EURO MAKING NEW HIGHS

Yen falls
Dow moves higher then pulls back a bit
Gold starting to fall
Dollar slips to .7956 on delayed prices
could be lower or show a sudden PPT goose

GOLD SPIKES HIGHER ON THE OPEN, BUT PULLS BACK IMMEDIATELY, COULD CONSOLIDATE HERE AND GO HIGHER

Euro is on its highs
Dollar is slipping
Bonds falling
2500 contracts up on the open
with more than 1000 coming back down
gold starting to slip lower
Oil slipping

DOLLAR FALLS FURTHER TO .7959

THINGS ARE READY TO GET WILD!
DON'T DO ANYTHING CRAZY...

DOLLAR HAS NEW LOW AT .7966

DOLLAR IS CURRENTLY AT .7974
EXPECT THE PPT TO GOOSE IT HIGHER
WITH EVERYTHING THEY HAVE.

GOLD SHOULD HAVE A RADICAL MOVE UP OR DOWN IN JUST A FEW MINUTES

Be prepared for very quick and violent moves in both directions
REMEMBER THAT THE AUGUST GOLD CONTRACT EXPIRES ON
THE 31ST OF THIS MONTH.
DON'T GET TRAPPED IN THIS MONTH ON SOME RADICAL MOVE.

HARD TO PREDICT THE NEXT DIRECTION FOR GOLD

You can be sure the shorts will want to hit gold hard before, or on, the Crimex open
The spike high is an 'outlier' in relation to the down flag created right after it
was made and distorts the computations of the fibs using just the down flag
high and low. I show the retrace points using the ultimate high at 9377 for now.
I will wait for a big pull back before buying in to this market.

GOLD SPIKES TO THE 75% RETRACE POINT AT 938 IN OVERNIGHT TRADING AS DOLLAR SINKS TO .7974


Using the previous high at 949 to compute the fibs, the 75% retrace fib
is at 938 as pointed out yesterday.

Using the high at 9921 to compute the fibs, the next major 75% retrace fib
is at 97030