Wednesday, January 20, 2010

GOLD RETRACES 75% OF THE LAST UP LEG


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THE RED DOWN FLAG RESOLVES UP


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THE LARGER PICTURE


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GOLD IS ABOVE THE 75% RETRACE POINT FOR THIS RETRACEMENT




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5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR JUMPS HIGHER
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GOLD PULLS BACK MORE THAN 75%


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GOLD FALLS FURTHER



STOCKS RISING
YEN, EURO THRASHING UP AND DOWN
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5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR COMES OFF ITS HIGHS
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GOLD FALLS AS EURO, YEN, STOCKS MOVE LOWER


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GOLD RISING IN EVENING TRADING, NOW $10 ABOVE THE LOW




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GOLD RALLIES A BIT INTO THE CRIMEX CLOSE


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A HALF HOUR TO GO IN THE CRIMEX SESSION


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GOLD MAKING SOME UPWARD MOVEMENT


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GOLD TRYING TO GET AN UPTREND GOING, BUT THE MARKET HAS BEEN BEAT UP PRETTY GOOD TODAY


A WEEK FROM FRIDAY 1/29/10 IS FIRST NOTICE
FOR FEB 2010 GOLD AND THERE MAY BE A GOOD
RALLY BEFORE THEN AS THE ROLLOVER TO APRIL GOLD
TAKES PLACE
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5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR ON ITS HIGHS STILL
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STOCKS DOWN OVER 190 POINTS, DRAGS GOLD LOWER VERY NEAR THE 75% RETRACE POINT AT 1105.7


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120 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR RISES EVEN HIGHER
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STOCKS DOWN 170 POINTS

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120 MINUTE MARCH 2010 S&P 500 CHART (delayed prices)


STOCKS HAVE A TRIPLE TOP
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STOCKS DOWN 160 POINTS, DRAGGING GOLD DOWN


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NEXT LOWER 75% RETRACE POINT IS AT 1105.7



THE WHITE UPTREND CHANNEL LINE IS BELOW THAT
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5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES HIGHER
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GOLD DROPS HARD AS STOCKS ARE DOWN 150 POINTS


GOLD IS RALLYING ON STRONG VOLUME BUT NOT
MAKING MUCH PROGRESS DISTANCE WISE.
DOLLAR MOVES HIGHER PUTTING PRESSURE ON GOLD
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GOLD HAVING TROUBLE GETTING ABOVE 1123 AS STOCKS, OIL, EURO TURN DOWN




DOLLAR STILL NEAR ITS HIGHS
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STOCKS DOWN 130, COULD DRAG GOLD DOWN

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GOLD INCHING HIGHER ON DECENT VOLUME



A PULL BACK HERE, THEN BACK UP HIGHER
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YEN PLUMMETS, OIL HIGHER, GOLD MAY RALLY SOON


GOLD WILL PROBABLY RALLY OFF THE RED LINE,
PULL BACK TO RETEST IT, MAYBE GO A PINCH LOWER
THEN REALLY RALLY
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30 MINUTE MARCH 2010 S&P 500 CHART (delayed prices)


STOCKS DOWN 65 POINTS
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THE LARGER PICTURE


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GOLD DROPS AGAIN


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GOLD MOVES DOWN TO THE PURPLE UPTREND CHANNEL LOWER LINE HEADING FOR THE RED LINE


166 BIDS AT 1120
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GOLD FALLS A LITTLE LOWER, STOCKS FALLING


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5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR EVEN HIGHER
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RED LINE IS THE PREVIOUS LOW AT 1118.5




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GOLD CREATING AN INVERSE FLAG THAT RESOLVES DOWN



DOLLAR, YEN, BONDS UP...NOT SUPPORTIVE OF
HIGHER GOLD RIGHT NOW
WAIT FOR GOLD TO BOTTOM BEFORE BUYING IN
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GOLD HIT HARD ON THE CRIMEX OPEN DOWN TO THE 75% RETRACE POINT AND LOWER




HOUSING STARTS AND PPI REPORTS IN TWO MINUTES
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RETRACE POINTS FOR THE COMING GOLD RALLY


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5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


5:07AM PST DOLLAR STILL NEAR ITS HIGHS
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HOUSING STARTS AND PPI REPORTS ON THE HALF HOUR SHOULD MOVE THE MARKET WELL

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CONFLLICTING INDICATOR MARKETS MAKING IT VERY HARD TO CALL GOLD'S DIRECTION, IT SHOULD RALLY ON THE CRIMEX OPEN BECAUSE IT'S SO LOW


GOLD COULD GET HIT ON THE OPEN AND THEN
PUT IN A GOOD RALLY WHICH WILL SELL OF
QUICKLY ONCE IT STALLS AT THE TOP
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GOLD RISES ABOVE THE NEWLY DRAWN WHITE DOWNTREND CHANNEL TOP LINE



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240 MINUTE MARCH 2010 T BOND CHART (delayed prices)


BONDS STILL RISING
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30 MINUTE MARCH 2010 S&P 500 CHART (delayed prices)


STOCKS MOVING LOWER
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720 MINUTE MARCH 2010 EURO CHART (delayed prices)


LONG TERM CHART...EURO MAKING NEW LOWS
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