Monday, August 17, 2009

DOW OFF 212 POINTS, OIL FALLING

GOLD PULLS BACK

TIC REPORT NEGATIVE NET $31.2 BILLION

GOLD MARKET SHAKEN OUT ON OPENING, NOW CONSOLIDATING, MAY RETEST LOWS BEFORE RALLYING

GOLD MOVES UP ON ERRATIC VOLUME

GOLD STILL WITHIN THE WHITE DOWNTREND CHANNEL, NEW YELLOW BOTTOM DOWNTREND CHANNEL LINE DRAWN

HOURLY S/P 500 CHART

6 HOUR DOLLAR CHART

6 HOUR EURO CHART

GOLD BOUNCES BUTMAY RETEST THE LOWS

GOLD BREAKS DOWN THROUGH ALL THE TREND CHANNEL LINES


Gold could still fall to the 75% point or lower
This is a major shake out before the big climb to new highs