Friday, November 6, 2009

THE BIG PICTURE


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THIS WEEK'S GOLD TRADING


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TODAY'S TRADING


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2:15 PM PST AFTERNOON GOLD CLOSE




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GOLD HAS TRANSITIONED INTO ITS USUAL AFTERNOON SIDEWAYS CHOP


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GOLD COULD FALL INTO THE CRIMEX CLOSE THEN RALLY IN AFTERNOON TRADING


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

GOLD MAY PULL BACK MORE NOW
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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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BONDS, YEN STARTING TO RISE AGAIN, STOCKS, OIL TURNING DOWN, EURO ON ITS HIGHS


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BONDS PLUMMET, STOCKS, OIL EURO ZOOM HIGHER, YEN PULLS BACK A BIT, DOLLAR SINKS


GOLD IS PLAYING WITH THE $1100 RESISTANCE LINE

MAY BLOW THROUGH IT TODAY
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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR DROPS HARD AS STOCKS, OIL, EURO ALL
ZOOM BACK UP
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BE CLEAR THAT GOLD BACKED AWAY FROM $1100 BECAUSE IT IS A PSYCHOLOGICAL BARRIER

THE SHORTS DON'T WANT TO CROSS IT
AND THE LONGS TOOK THEIR PROFIT BEFORE
THE SHORTS COULD HIT THEM
THE NEXT RUN AT IT, OR THE 2ND ATTEMPT
TO CROSS IT, WILL SUCCEED AND GOLD COULD
TAKE OFF BIG TIME
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RED DOWN FLAG RESOLVES UP


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GOLD SHOULD PULL BACK HERE BEFORE THE NEXT GOOD RALLY


STOCKS, OIL TURNING HIGHER
YEN EVEN HIGHER
BONDS TURNING UP AFTER A GOOD PULL BACK
EURO TURNING DOWN AFTER A GOOD RISE
GOLD SHOULD PULL BACK SOME MORE AS
EURO PULLS BACK, ESPECIALLY WITH A HIGHER DOLLAR
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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR HAS MOVED HIGHER
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GOLD HITS THE RETRACE POINT, MAY PULL BACK BEFORE GOING HIGHER




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BONDS COMING DOWN, STOCKS BOTTOMING, EURO HAS MOVED UP, YEN STILL UP, OIL ON ITS LOWS



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GOLD DECIDES TO MOVE HIGHER OUT OF THE CONSOLIDATION INSTEAD BUT IS STALLING A BIT, COULD PULL BACK




GOLD ALMOST ALWAYS FOOLS YOU.
JUST WHEN YOU THINK IT IS TAKING OFF HIGHER,
IT ALMOST ALWAYS DOES GO DOWN TO RETEST THE LOW
OR A BIT LOWER, JUST LIKE IT APPEARS TO BE DOING
RIGHT NOW
THIS IS WHY YOU MUST ONLY BUY IN ON SEVERE DIPS
TO GET A GOOD ENOUGH BUY IN PRICE TO WEATHER
THE VOLATILITY WITHOUT GOING UPSIDE DOWN
THIS CURRENT CONSOLIDATION IS AN UPSIDE DOWN FLAG
THAT COULD RESOLVE DOWN MUCH LOWER
BE CAREFUL
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GOLD STILL SLIPPING TO RETEST THE LOW BEFORE RALLYING..BE PATIENT

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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MOVES HIGHER INITIALLY, THEN MOVES DOWN
SHOULD BE GOOD FOR GOLD SOON
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NOW THE PULL BACK, THEN A GOOD RALLY


BONDS, YEN STILL WAY UP
STOCKS, OIL, EURO WAY DOWN BUT BOTTOMING
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GOLD COLLAPSES, SHOULD RETEST THE LOWS OR EVEN GO A BIT LOWER BEFORE THE BIG RALLY




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5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


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GOLD ACTION BECOMING LESS HECTIC, COULD PULL BACK NOW ON PROFIT TAKING BEFORE ANY MORE RALLIES


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ANOTHER NEW HIGH IN SPITE OF FALLING STOCKS, OIL, AND EURO


TRYING TO OUTGUESS GOLD IS FUTILE.
JUST BUY THE BIG DIPS AND HOLD ON
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A NEW HIGH BY ONE TICK, THEN A PULL BACK...TOPPING ACTION


GOLD FLYING UP AND DOWN LIKE CRAZY
BONDS, YEN ZOOM HIGHER
STOCKS, OIL, EURO COLLAPSE
GOLD STILL MOVING HIGHER
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OVER 1,000 CONTRACT PER MINUTE, NOW CALMING DOWN JUST A BIT


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GOLD TRADES WILDLY ON THE JOBS REPORT, FIRST UP, THEN WAY DOWN, THEN RIGHT BACK UP VERY FAST




GOLD ZOOMS, PULLS BACK QUICKLY, GOES RIGHT

BACK UP

CAN BE TRADED IF YOU ARE LIGHTNING FAST
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OPENING ACTION...WAIT FOR THE JOBS REPORT IN FIVE MINUTES




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