Tuesday, September 22, 2009
A BREAKOUT COMING? A PULLBACK TO THE TOP RED DOWNFLAG LINE, THEN BACK UP HIGHER
GOLD IS ALMOST TO THE 75% retrace point. Will it pull back and retrace down,
or keep moving higher?
DOLLAR MAKING NEW LOWS AS GOLD CONSOLIDATES IN THE RED DOWN FLAG THAT RESOLVES UP
GOLD SHOULD BECOME MORE ACTIVE IN THE NEXT HOUR OR TWO AND RISE DUE TO THE
FALLING DOLLAR
2:15 PM PDST AFTERNOON GOLD CLOSE
Gold pulled back to the blue uptrend channel at the close with an
encouraging little up tick in the last minute.
It will probably move higher when evening gold reopens
15 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR IS SO WEAK, IT JUST GOES DOWN AND STAYS DOWN NOW.
GOLD TRADING GOT SO BORING I FELL ASLEEP
AFTER HITTING ITS HIGH, GOLD PULLED BACK AND HAD BEEN CHOPPING
SIDEWAYS LIKE IT USUALLY DOES IN AFTERNOON TRADING.
IT WILL PROBABLY MAKE NEW HIGHS THIS EVENING AND OVERNIGHT.
TOMORROW, WHEN THE FOMC STATEMENT COMES OUT AT 11:15PM PDST, THE MARKET
COULD GO WILD LIKE IT USUALLY DOES FOR A AN HOUR OR SO.
LAST NIGHT'S, AND TODAY'S TRADING SEEMS UNUSUALLY STRONG WITH ALL
THE MEETINGS (G20, FOMC, UN) THIS WEEK. BUT GOLD DOES WHAT IT WANTS
WHENEVER IT NEEDS TO MOVE UP (OR DOWN!)
GOLD PULLS BACK WHEN IT DOESN'T MOVE UP FAST ENOUGH
EURO STILL RISING
OIL NEAR ITS HIGHS
DOLLAR UP A LITTLE BUT NO BIG RISE
GOLD SHOULD TURN BACK UP AND MOVE HIGHER SOON
DOLLAR STILL NEAR ITS LOWS, SHOULD MAKE GOLD MOVE HIGHER ON THE OPEN
STOCKS UP WITH OIL AND THE EURO BUT ALL MOVING SIDEWAYS
THEY AREN'T DRAGGING GOLD DOWN FOR NOW
15 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR FALLS MORE, EXPECT A BOOST FROM THE PPT BEFORE THE CRIMEX OPEN
