Thursday, November 5, 2009
GOLD BARELY MOVING AT PRESENT, FINALLY MOVES ABOVE 1092
VERY LIGHT VOLUME FOR HOURS
ACTION SHOULD PICK UP AROUND 11:00PM PST
THIRD DAY OF SUSPICIOUS POST-CLOSE TRADE SETTLEMENT PRICES
IT APPEARS NO STONE WILL BE UNTURNED BY THOSE
WITH A NEED TO MANIPULATE THE METALS MARKETS
TO SUPPRESS THE GOLD PRICE
GOLD CONTINUES TRADING IN A RANGE SINCE WEDNESDAY MIDNIGHT AFTER DROPPING FROM THE ALL TIME HIGH
THIS PATTERN COULD BE A LARGE LEDGE FOR GOLD
TO FALL FROM, OR PART OF AN ODD HEAD&SHOULDERS
PATTERN THAT WOULD RESOLVE DOWN.
GOLD IS WORKING ITS WAY INTO A TRIANGLE
BETWEEN THE TOP WHITE DOWNTREND LINE
AND THE LOWER UPTREND PURPLE LINE. WHICH
WAY IT WILL BREAK OUT IS UNCERTAIN.
CERTAINLY THE 'CAPPING' EFFORTS BY THE SHORTS
WILL CONTINUE INDEFINITELY UNTIL THEY ARE
WIPED OUT
GOLD SPIKES UP ON 600 CONTRACTS, PULLS BACK HARD, MAY CONTINUE HIGHER AS DOLLAR WEAKENS
LOOKS LIKE ANY UPWARD MOVES WILL BE SOLD BACK
QUICKLY BY THE SHORTS WHO ARE PROBABLY IN A PANIC
ABOUT THEIR SHORT POSITIONS
DOLLAR FALLING HARD, GOLD MAY SPIKE HIGHER SOON
STOCKS RISING A BIT, EURO FALLING
YEN FALLING, BONDS SITTING ON THEIR LOWS
OIL SORT OF NOWHERE BUT ANGLING UP
GOLD NEEDS TO BREAK UP AND ABOVE THE WHITE DOWNTREND CHANNEL WHILE STAYING WITHIN THE BLUE UPTREND CHANNEL TO GO HIGHER
GOLD PULLING BACK FOR ANOTHER RUN MAYBE HIGHER
UNLESS IT BREAKS BELOW THE BLUE UPTREND CHANNEL
GOLD BUILDING A TRADING RANGE FOR NOW
THE INDICATOR MARKETS I QUOTE ARE ALL
STARTING TO REVERSE, NOT GOOD FOR GOLD
STOCKS, OIL, EURO RISING, BONDS, YEN FALLING MEANS HIGHER GOLD
GOLD HIGHER THAN SHOWN HERE. IT'S MOVING
FASTER THAN I CAN POST A CHART
