Wednesday, July 22, 2009

THIS MAJOR YELLOW DOWNTREND CHANNEL WILL RESOLVE UPWARDS VERY SOON TAKING GOLD TO, AND ABOVE, $1000


The PINK downtrend channel is the ORIGINAL channel
that was broken above on 7/14


The top yellow line is based on today's high and the Intermediate

high at 9921. This downtrend line has already been exceeded

many times, based on earlier highs that have been surpassed,

as gold has been rising, and is only the latest version

of it as recent highs keep getting higher. I only put it in

to show you the most major downtrend channel so you can

see that gold has been pushing higher since the low at 9048

made over a week ago

DOLLAR DOWN TO .7876, EURO STILL RISING ON ITS HIGHS


GOLD MAY RISE INTO THE CRIMEX CLOSE OR AFTER
IT IN AFTERNOON TRADING

DOLLAR FALLS


HOURLY CHART FOR PERSPECTIVE



THE LARGER VIEW OF RECENT TRADING


Bernanke is speaking to Senators today