Wednesday, December 23, 2009

10:40PM PST


GOLD HAS MOVED ABOVE THE BLUE TOP LINE OF
THE DOWNTREND CHANNEL

GOLD RETRACES ALMOST 100%


VOLUME JUST INCREASED NEAR THE TOP, SO IT'S
ABOUT TIME FOR GOLD TO PULL BACK

2:15PM PST AFTERNOON GOLD CLOSE



GOLD HAS BEEN TRADING SIDEWAYS IN A RANGE
FOR THE LAST TWO DAYS AFTER BEING KNOCKED
DOWN TO 1075. IT COULD MOVE UP STRONGLY
ON THURSDAY AHEAD OF THE XMAS HOLIDAY LONG
WEEKEND. THURSDAY IS A SHORT SESSION AND
TRADING RESUMES SUNDAY AT 3PM PST.

A PULL BACK TO THE TOP PURPLE TREND LINE, THEN HIGHER?


BONDS, YEN MOVE UP STRONGLY
STOCKS FALLING A GREAT DEAL
OIL, EURO TURN DOWN

GOLD RALLIES AFTER A 75% RETRACEMENT



GOLD RALLIES UP TO THE LOWER WHITE UPTREND
CHANNEL LINE AND IMMEDIATELY FALLS BACK
ON STRONG VOLUME. LOOKS LIKE THE BULLION BANK
BEAR RAID WILL CONTINUE

DAILY CHART OF THE DOLLAR


DOLLAR RALLIES TO FILL IN THE GAP DOWN IN SEPT

DAILY CHART OF THE S&P 500


DEVALUED DOLLARS FLOW INTO STOCKS.
AND GET PAID BACK IN EVEN MORE DEVALUED DOLLARS

DAILY CHART OF THE EURO


EURO SHOULD BE ABOUT READY TO MOVE BACK UP

30 MINUTE T BOND CHART


BONDS HOOK UP AFTER A LONG FALL

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR CONSOLIDATING IN AN INVERSE FLAG.
SHOULD FALL A GOOD DEAL

GOLD CONTINUES TRENDING LOWER IN THE WHITE DOWNTREND CHANNEL WHICH SHOULD RESOLVE UP


THE SHORTER TERM BLUE DOWNTREND CHANNEL
ALSO RESOLVES UP. HOLIDAY TRADING HAS BEEN
CALM YET RATHER DIRECTIONLESS IN NON-CRIMEX
SESSION TRADING. IT WILL BECOME MORE ACTIVE
AS THE CRIMEX OPENS