Sunday, November 22, 2009

AT SOME POINT GOLD IS GOING TO PULL BACK IN A MAJOR WAY


GOLD IS LIKELY TO FALL STARTING AROUND
11PM PST AND AFTER MIDNIGHT PST ON PROFIT TAKING.
THE CRIMEX SESSION TOMORROW WILL PROBABLY
BASH GOLD DOWN TOO AS USUAL.
IT'S NOT LIKELY TO STAY DOWN FOR LONG, SO TAKE
ADVANTAGE OF ANY LARGE PULL BACK TO BUY IN
FOR THE RALLY TO HIGHER PRICES THAT IS INEVITABLE

ANOTHER NEW HIGH



VOLUME AT THIS TOP IS LIGHT
GOLD COULD PULL BACK

GOLD CHOPPING SIDEWAYS IN THE RED DOWN FLAG, COULD BREAK HIGHER OR FALL ON PROFIT TAKING


THE PULL BACKS IN GOLD ARE GETTING SHALLOWER.
SO IT'S HARDER TO GET A DEEP PULL BACK TO BUY IN
IF YOU SELL THE TOPS.
SEE DAN NORCINI'S COMMENTS FROM FRIDAY ON
THE SWISS STAIR PATTERN THAT HAS FORMED.
THIS IS A VERY BULLISH PATTERN AND THE LENGTH
OF TIME BETWEEN UPWARD MOVES IS BECOMING SHORTER
BETWEEN EACH CONSOLIDATION AND UP MOVE.
GOLD IS READY TO GO BALLISTIC SOON.