GOLD COULD BLOW RIGHT PAST $1200 TONIGHT OR OVER THE NEXT TRADING DAYS OF THE FOUR DAY HOLIDAY AS GOLD WILL TRADE UNTIL FRIDAY AFTERNOON
ANOTHER NEW HIGH
SINCLAIR SAYS $1650 IS COMING SOON.
IT WON'T BE IMMEDIATE, BUT I CAN SEE GOLD
CONTINUING TO RISE WITHOUT MUCH PULL BACK
AS IT MOVES INTO PANIC BUYING, WHICH WILL MAKE
IT TRADE FRENETICALLY IN PRICE MOVES THAT WILL
BOGGLE YOUR MIND
DECEMBER 2009 GOLD OPEN INTEREST = 94 K
FEBRUARY 2010 GOLD IS FACTUALLY NOW
THE NEW FRONT MONTH AND SHOULD BE THE
CONTRACT YOU TRADE AS ALL THE ACTION HAS
JUST MOVED INTO THE FEB 2010 CONTRACT WHICH
INCREASES THE LIQUIDITY AND MAKES TRADE PRICES
CLOSER TOGETHER AND THEREFORE EASIER TO TRADE
'CLOSE TO THE MARKET'
FOR THE 3rd DAY IN A ROW, GOLD HAS RISEN DRAMATICALLY AT THIS TIME PERIOD, THEN IT PULLS BACK AND EITHER TRENDS SIDEWAYS FOR HOURS OR MOVES DOWN
ADDITIONALLY, GOLD IS VERY NEAR THE PSYCHOLOGICAL
RESISTANCE AREA OF $1200, SO BE VERY CAREFUL
OF A LARGE PULLBACK ON PROFIT TAKING
AND USE THAT PULL BACK TO BUY IN
ABOVE, ALL...DO NOT CHASE GOLD AT THIS LEVEL
THIN TRADING CONDITIONS FROM NOW UNTIL SUNDAY EVENING
ANYTHING COULD HAPPEN IN THESE TYPE OF
TRADING CONDITIONS
GOLD MAKES ANOTHER NEW HIGH AS IT OPENS FOR EVENING TRADING
GOLD'S BULLISH STRENGTH TODAY IS DOUBLE
WHAT IT HAS SHOWN IN RECENT WEEKS.
IT IS A SIGN OF THINGS TO COME WHEN GOLD
MOVES HIGHER EVEN FASTER UNTIL BUYING
REACHES THE PANIC BUYING STAGE AS THE DOLLAR
COLLAPSES
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR RISES A BIT BUT IT DOESN'T SEEM TO BE
AFFECTING GOLD THAT MUCH ANYMORE
GOLD CREATING A 'TALL' LEDGE TO FALL FROM
THE WHITE UPTREND LINE SEEMS TO BE SUPPORTING
GOLD FOR NOW, BUT WITH NO STRONG RALLY, IT
COULD GIVE WAY AT ANY MOMENT
STOCKS, OIL, EURO MOVING LOWER
SHOULD DRAG GOLD DOWN
