Wednesday, November 4, 2009

GOLD SHOULD RETEST THE LOW BEFORE RALLYING




THIS CLOSE TO THE CLOSE IS A PROBLEM AS GOLD

CAN SELL OFF FURTHER INTO THE CLOSE AS STUPID

TRADERS PANIC AND SELL OUT

GOLD GOES LOWER AS I TYPE THIS

GOLD ACTING WEAKER AS THE CRIMEX SESSION PROGRESSES


STOCKS, OIL MOVING DOWN

BONDS AND YEN LOWER

EURO SORT OF FLAT NEAR ITS HIGHS

GOLD SHOWING LESS ABILITY TO RALLY

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR BOUNCES OFF THE LOW A BIT
LIKE A DEAD CAT

GOLD TESTS THE HIGH TENTATIVELY


GOLD COULD SPIKE, BUT I'M NOT CHASING IT
IF YOU ALREADY HAVE LONG POSITIONS, JUST
HANG ON FOR THE LONG TERM

BONDS TURN DOWN, OIL MOVES UP STRONGLY, STOCKS, EURO TURN BACK UP, DOLLAR ON ITS LOWS


GOLD COULD SPIKE HERE,

BUT IT'S A VERY BIG GAMBLE

TO BUY IN THIS HIGH

BETTER TO WAIT FOR A PULL BACK

BONDS AND STOCKS CLIMBING STRONGLY, EURO STALLING NEAR THE HIGHS, OIL STATIC, DOLLAR SLIPPING LOWER


GOLD HOLDING BACK DESPITE THE EURO AND STOCKS
CLIMBING AND DOLLAR SLIPPING
THERE HAS TO BE A LOT OF PRESSURE ON GOLD BY
THE SHORTS
GOLD MAY BE GETTING READY TO SPIKE ON SHORT COVERING
DO NOT CHASE THIS MARKET HERE

ONE LONG CONSOLIDATION PATTERN, WHITE CHANNEL RESOLVES UP, BLUE DOWN




EURO MAKING NEW HIGHS

STOCKS CLIMBING

YEN HIGHER

BONDS UP A BIT

OIL SORT OF MOVING UP

DOLLAR SLIPPING LOWER

WHO KNOWS? GOLD COULD TAKE OFF HIGHER

JUST BE CAREFUL AND TAKE PROFITS FAST

STOCKS, OIL UP WEAKLY, EURO NOT ABLE TO PULL GOLD UP, DOLLAR RISES A BIT OFF ITS LOWS


GOLD STILL TRADING IN A VERY TIGHT RANGE
COULD BREAK EITHER DIRECTION DEPENDING ON
THE OTHER MARKETS. EVERYTHING TRADING
TIGHTLY AND VOLATILY. VERY HARD TO POST
GOOD CURRENT INFO

BONDS RISING, STOCKS, OIL FALLING, DOLLAR MOVING LOWER


THESE MARKETS ARE CONTRADICTING ONE ANOTHER
GOLD SEEMS TO NEED TO MOVE LOWER ON PROFIT
TAKING AND LACK OF STRONG MOMENTUM UPWARDS