Sunday, August 2, 2009

GOLD FORMING A SMALL UP FLAG/LEDGE TO FALL FROM


Gold will probably fall from here, then move up
and make a new high in the wee hours, only
to get bashed at the Crimex in the morning.
That has been the pattern for a long time now.

GOLD FALLS


Euro falling
Oil and Bonds level off
Dollar .78375

GOLD FORMS A LEDGE TO FALL FROM


Euro falling
Yen rising
Oil leveling off
Bonds stop falling
Dollar rising

GOLD BREAKS UP AND OUT OF THE BLUE DOWN FLAG TO ONE DOLLAR SHORT OF THE HIGH AT 960


Euro, Oil rising
Bonds falling
Dollar at .7842 on my delayed price charts.
It might be falling

GOLD SHOULD BREAK UPWARDS OUT OF THE BLUE DOWN FLAG


BUT...gold ususally makes a wildly adverse move
before it moves higher, so be careful at this level.
I will wait for a good dip to buy in.

5 MINUTE CHART OF THE DOLLAR


DOLLAR TAKES A SERIOUS LITTLE DIP
but is saved by the PPT