HOURLY CHART FOR PERSPECTIVE
Wednesday, July 22, 2009
GOLD RISES ABOVE THE YELLOW TOP DOWNTREND CHANNEL LINE AND THE 75% RETRACE POINT AT 95260
Dollar is moving lower
DOW FINALLY IN PLUS TERRITORY, UP 11 POINTS
Oil and Euro moving higher
Yen lower
Bonds chopping sideways on their lows
Yen lower
Bonds chopping sideways on their lows
DOW, OIL AND EURO MOVE HIGHER
Gold volume at about 200 contracts/minute but gold
is still moving higher even though the Dollar is moving
higher too. Dollar currently at .7916.
is still moving higher even though the Dollar is moving
higher too. Dollar currently at .7916.
At the top of the rally gold gets a whack down, but volume
is now around 650 contracts/minute
GOLD BREAKS HIGHER TO THE PREVIOUS HIGH AT 9479 ON BETTER VOLUME AND KEEPS GOING
Strong volume now of about 400 contracts/minute.
Looks like the longs may win this battle.
This should put the Fear of God in the shorts and make
them cover, driving gold even higher
THIS IS SOME WILD ASS TRADING TODAY, FOLKS!
Gold is rising on low volume from the purple lower uptrend
line which I keep redrawing to include the newest low being
created
BLOGGER IS GIVING ME PROBLEMS UPLOADING CHARTS
I WILL KEEP TRYING TO POST, BUT IT MAY BE A WHILE
UNTIL THIS PROBLEM GOES AWAY..
AFTER SCROLLING DOWN, I SEE THAT BLOGGER HAS NOT
POSTED SOME EARLIER CURRENCY CHARTS.
BLOGGER IS RIDDLED WITH PROBLEMS.
I MAY HAVE TO FIND ANOTHER WAY TO DO THIS.
UNTIL THIS PROBLEM GOES AWAY..
AFTER SCROLLING DOWN, I SEE THAT BLOGGER HAS NOT
POSTED SOME EARLIER CURRENCY CHARTS.
BLOGGER IS RIDDLED WITH PROBLEMS.
I MAY HAVE TO FIND ANOTHER WAY TO DO THIS.
BONDS ARE STABILIZING ON THEIR LOWS
Dow is starting to rise and reducing some early losses
Oil is turning up
Euro is in the process of moving up
Yen is moving down a bit
Dollar is at .7907 and fairly steady there
Oil is turning up
Euro is in the process of moving up
Yen is moving down a bit
Dollar is at .7907 and fairly steady there
I JUST SAW ABOUT 350 SELL ORDERS SHOW UP JUST ABOVE THIS LEVEL THAT INSTANTLY DISAPPEARED
That could be a short tactic to scare longs into giving up their positions.
It's an old trick to put in the sell orders and pull them after they get the
market moving the direction they want as scared traders bail out in anticipation
of larger forces hitting their positions.
October gold is actually moving up as August rolls over in anticipation of
First Notice day on the 31st
It's an old trick to put in the sell orders and pull them after they get the
market moving the direction they want as scared traders bail out in anticipation
of larger forces hitting their positions.
October gold is actually moving up as August rolls over in anticipation of
First Notice day on the 31st
THIS IS LIKE WATCHING BUCKING BRONCOS AT THE RODEO AS THE SHORTS TRY TO THROW THE LONGS OFF THEIR BACKS
And it's all being done on very light volume which can make
it all the more volatile.
It could also be a lot of lightning fast 'black box' trading by
hedge funds also and probably is.
We may see some short covering begin and gold could spike
GOLD HOLDS AT 94250 AFTER A LAST HIT OF 346 CONTRACTS ONLY TO BOUNCE ON LIGHT VOLUME
Dollar is barely moving and even slipping some.
This is nothing but manipulators versus real gold buyers
THE ENTIRE RALLY IS TAKEN BACK PLUS A LITTLE ON VERY LIGHT VOLUME
The Dollar rises on PPT intervention
Bonds still plunging
Dow, Oil, Euro still moving lower
GOLD RALLIES BACK FROM THE OPENING SELL OFF
Bonds plunge, Dow, Oil, Yen, Euro all move lower
Dollar moving lower too as gold moves above the 1st 75% point
GOLD IS IN A LONG YELLOW DOWN FLAG THAT RESOLVES UP
While gold dipped below the purple Intermediate uptrend
channel, it has remained in the yellow down flag.
Sinclair is confident that gold is about to break up to, and
through, $1000 about now, or very soon.
It is common for gold to do something completely crazy
just before it fulfills your wishes. STAY ALERT!
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