ALL MARKETS GO CRAZY ON THE FOMC REPORT
INITIALLY, GOLD RISES ON ABOUT 350 CONTRACTS
BUT FALLS IN THE NEXT TWO MINUTES WITH A VOLUME
OF OVER 3000 CONTRACTS AND STAYS LOWER IN THE
$7 TRADING RANGE.
APPARENTLY, THE BULLION BANKS WERE PREPARED
TO KNOCK DOWN ANY GOLD RALLY
GOLD RALLIES AFTER THE CRIMEX CLOSE UP TO THE BLUE TOP DOWNTREND CHANNEL LINE
FOMC REPORT IN A HALF HOUR
MARKET WILL GO CRAZY IN BOTH DIRECTIONS
STAY OUT UNLESS YOU WANT TO GET CREAMED
GOLD CONTINUES TO CONSOLIDATE IN THIS RED DOWN FLAG AND SHOULD RESOLVE UP, BUT THE CLOSER TO THE FOMC REPORT THE LESS LIKELY A MOVE WILL OCCUR
AT 11:15AM PST THE FOMC REPORT IS RELEASED
THE MARKET SHOULD TRADE WILDLY AND IS
EXTREMELY DANGEROUS TO TRADE FOR ANYONE,
LET ALONE THE INEXPERIENCED TRADER.
SAVE YOUR MONEY FOR A LATER MOVE
GOLD STILL WITHIN THE RED DOWN FLAG AND CONSOLIDATING
STOCKS, EURO APPEAR TO BE READY TO MOVE LOWER
SHOULD PULL GOLD LOWER
GOLD COULD MOVE HIGHER OR STOP HERE AND PULL BACK
GOLD NOT BREAKING OUT OF THIS RED DOWN FLAG
WITH MUCH VIGOR. VOLUME IS MODERATE AND
HAS COOLED DOWN AFTER THE RUN UP
15 MINUTE MARCH 2010 EURO CHART (delayed prices)
EURO MOVES UP STRONGLY TO JUST BELOW THE
RECENT HIGH
GOLD PUSHES A LITTLE HIGHER AS IT TOPS, THE CLASSIC SUCKER PLACE TO BUY IN
GOLD COULD PULL BACK AND CONSOLIDATE BEFORE
MOVING HIGHER, OR PULL BACK A LOT ON PROFIT
TAKING.
EURO, OIL MOVED UP WELL BUT ARE NOW PULLING BACK
VOLUME STILL BUILDING, COULD BE TOPPING HERE
VERY COMMON FOR VOLUME TO INCREASE RIGHT
AT THE TOP AS LATE COMERS JUMP IN AT THE TOP
ONLY TO GET INSTANTLY CREAMED
GOLD BREAKS OUT OF THE WHITE DOWNTREND CHANNEL AND MOVES ABOVE THE 755 RETRACE POINT AT 1135.1
GOLD MOVING HIGHER THAN SHOWN AND MOVING
FASTER THAN I CAN POST A CURRENT CHART
VOLUME BUILDING, COULD SPIKE MUCH HIGHER
GOLD MOVING HIGHER ON STRONGER VOLUME
GOLD PULLING BACK AFTER HITTING THE 1ST TWO
RETRACE POINTS, AND STOPPING AT A PREVIOUS
HIGH AT 1133.7
IT JUST PEEKED ABOVE THE RED DOWN FLAG
EURO TRENDING LOWER, OIL ALSO BUT NOT AS MUCH, NOT MUCH REACTION TO THE CPI REPORT IN STOCKS
GOLD TESTING THIS HIGH AT 1132
AND MOVING HIGHER
YESTERDAY'S TIC REPORT FOR OCTOBER
http://treas.gov/press/releases/tg443.htm
NET NEGATIVE $13.9 BILLION
BUT THE REAL INFO IS IN THE DETAILS
NET NEGATIVE $13.9 BILLION
BUT THE REAL INFO IS IN THE DETAILS
THE FOMC REPORT IS OUT AT 11:15AM PST TODAY
THAT IS WHEN GOLD TRADING WILL ONCE AGAIN GO CRAZY FOR
A FEW MINUTES. UNTIL THEN,GOLD COULD TRADE FAIRLY QUIETLY
AS TRADERS WAIT FOR THE REPORT.
A FEW MINUTES. UNTIL THEN,GOLD COULD TRADE FAIRLY QUIETLY
AS TRADERS WAIT FOR THE REPORT.
