Wednesday, October 7, 2009

DOLLAR FALLS FURTHER,


STOCKS, OIL, EURO MOVING UP
GOLD MAY NOT PULL BACK TOO FAR BEFORE MAKING NEW HIGHS

GOLD SPIKES HIGHER



STOCKS, EURO MOVE HIGHER
WHILE DOLLAR FALLS
GOLD RISES TO THE TOP YELLOW UPTREND LINE AND MAY PULL BACK NOW.

GOLD MOVES A BIT HIGHER AS DOLLAR SLIPS LOWER


IF GOLD DOES NOT MOVE HIGHER IT COULD BE CONFIRMING THE RIGHT SHOULDER
OF THE HEAD AND SHOULDER PATTERN AND GOLD COULD MOVE LOWER

ELECTRONIC TRADING IN GOLD AWAY FROM THE CRMEX HAS BECOME MUCH MORE ACTIVE AND MORE FREQUENT IN THE LAST FEW DAYS



GOLD IS NOW TRADING MORE ACTIVELY IN USUALLY QUIET PERIODS OF THE DAY
EXPECT THAT TO INCREASE AS GOLD MOVES UP AND THE DOLLAR COLLAPSES
AND MORE PEOPLE BEGIN TO SEE THE TRUTH OF WHAT IS NOW HAPPENING
MORE AND MORE RAPIDLY TO THE DEMISE OF THE DOLLAR AND THE WORLD'S ECONOMY

GOLD MOVES LOWER APPROACHING THE CLOSE


BONDS, YEN MOVING UP
STOCKS, OIL DOWN
EURO MOVING UP

VERY TRICKY MARKET TODAY, ERROR ON THE CAUTIOUS SIDE OF TRADING UNTIL GOLD CHOOSES A MAJOR TREND


THE INDICATOR MARKETS ARE GIVING CONFUSING SIGNALS AND GOLD
IS MOVING IN CONTRARY DIRECTIONS TO THEM
GOLD MIGHT RALLY STRONGLY INTO THE CLOSE OR JUST AFTER
IF IT DOESN'T RALLY, THE HEAD AND SHOULDERS PATTERN WILL CONTINUE
DEVELOPING ITS RIGHT SHOULDER WHICH WOULD RESOLVE LOWER

GOLD MOVES UP FROM CONSOLIDATION RANGE SHOWING GOLD'S STRENGTH


DOLLAR STAYING UP FOR NOW ALTHOUGH NOT UP MUCH
STOCKS DOWN
EURO DOWN
OIL DOWN

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 8:14AM PDST


DOLLAR STAYING UP EVEN THOUGH GOLD IS MOVING UP FAIRLY STRONGLY

GOLD GETS BEATEN BACK DOWN ON EVERY RALLY BECAUSE THE SHORTS CAN'T LET IT GO HIGHER...BUT IT WILL



THE INDICATOR MARKETS ARE NEGATIVE TO GOLD
THIS RALLY WILL PROBABLY SELL OFF ANY MINUTE NOW
AND GOLD COULD MOVE DOWN TO ANOTHER LOW

EACH RALLY GETS SOLD OFF QUICKLY


GOOD VOLUME ON THIS LAST UP LEG BUT STALLING AT THE 75% POINT

GOLD HOLD WELL DESPITE OTHER MARKETS GOING AGAINST IT


GOLD RETRACES TO THE 2ND 75% POINT AND IS PULLING BACK NOW
COULD DROP BELOW THE LOW AT 1040.50 OR BOUNCE OFF THAT AREA
AS THE INDICATOR MARKETS ARE STARTING TO TURN IN FAVOR OF GOLD
NOW.
BONDS CONTINUE HIGHER FAST
STOCKS BOTTOMING
OIL MOVING BACK UP
EURO TURNING UP
YEN STILL DOWN
DOLLAR A BIT HIGHER

GOLD MOVING LOWER


DOLLAR RISING
BONDS RISING FAST
EVERYTHING ELSE FALLING
GOLD WILL MOVE LOWER