Monday, September 28, 2009

GOLD STILL CHOPPING ALONG THE RECENT LOWS AFTER THE THURSDAY/FRIDAY SELL OFF


A VERY VICIOUS DAY OF TRADING TODAY WITH BOTH LONGS AND SHORTS
MAKING LITTLE HEADWAY IN EITHER DIRECTION BUT WITH GOOD VOLUME,
SO THEY WERE BOTH IN THE GAME AND PLAYING FULL OUT.

GOLD UP VOLUME VERY ERRATIC IN SPURTS OF STRENGTH, ONLY BUY THE BIG DIPS


GOLD HITS THE 75% RETRACE POINT, PULLS BACK, MOVES UP A FEW TICKS, PULLS BACK
AGAIN. THIS IS TOPPING ACTION, BUT GOLD IS TRADING CRAZILY TODAY

GOLD PULLS BACK BEFORE THE NEXT RALLY HIGHER


LOOKS LIKE GOLD IS GOING TO BE FIGHTING FOR EVERY INCH
OF UP MOVEMENT TODAY

160 OR MORE BUYERS WAITING AT 992


BUT GOLD SELLS OFF RIGHT DOWN THROUGH THEM

GOLD IN A TUG 'O WAR HERE, NOT MAKING MUCH GROUND IN EITHER DIRECTION


DOLLAR HAS MOVED UP A BIT AND MAY PRESSURE GOLD LOWER
BEFORE IT CAN RALLY ANY HIGHER

STOCKS FALLING COMING INTO THE OPEN AND TAKING GOLD DOWN


EURO STILL MOVING LOWER
AND GOLD JUMPS UP ON 303 CONTRACTS
THEN FLOPS BACK DOWN TO THE LOW JUST MADE

LOOKS LIKE GOLD IS GOING LOWER


BONDS AND YEN HIGHER
STOCKS, OIL, EURO MOVING LOWER

THE USUAL NASTY GAMES AT THE CRIMEX


OIL IS RECOVERING AFTER A SELL OFF, STOCKS AND EURO TURN BACK UP
GOLD SEEMS TO BE HOLDING HERE AND MAY MOVE BACK UP, BUT IT'S NOT
A STRONG RALLY AT THE MOMENT