Tuesday, December 8, 2009

GOLD DROPS BELOW THE BLUE UPTREND CHANNEL


GOLD STILL WITHIN THE BLUE UPTREND CHANNEL, BUT OTHERWISE IT'S ALL OVER THE MAP TODAY


GOLD MAY SELL OFF APPROACHING THE CRIMEX
CLOSE, THEN RALLY SOME IN THE AFTERNOON

GOLD STILL WITHIN THE BLUE UPTREND CHANNEL, BUT OTHERWISE IT'S ALL OVER THE MAP TODAY


GOLD MAY SELL OFF APPROACHING THE CRIMEX
CLOSE, THEN RALLY SOME IN THE AFTERNOON

GOLD MOVES A BIT HIGHER IN THE BLUE UPTREND CHANNEL BUT IS VERY VOLATILE


THE 2ND 75% RETRACE POINT IS HIT AND GOLD PULLS BACK


GOLD ONLY RALLIED TO THE 1ST 75% RETRACE POINT AND PULLED BACK




GOLD RETRACES 75% OF THE BRISK RUNUP, THEN RALLIES WEAKLY


USABLE INDICATIONS FROM THE OTHER MARKETS
STOCKS, OIL, EURO, YEN, BONDS ARE HARD TO DISCERN
TODAY. GOLD IS THRASHING AROUND ON ITS OWN MOSTLY.
THIS IS A HUGE BATTLE BETWEEN GOLD BUGS AND
THE MANIPULATORS WHO ARE HITTING GOLD AS HARD
AS THEY CAN TO KEEP IT DOWN OR LOWER. BUT THE
GOLD BUYERS ARE HOLDING THEIR OWN, JUST NOT
ENOUGH TO TAKE GOLD HIGHER RIGHT NOW...
BUT THEY WILL VERY SOON

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


TREMENDOUS INTERVENTION GOING ON TODAY

GOLD MOVES UP BRISKLY ON STRONG VOLUME THEN STALLS AT THE TOP BLUE UPTREND CHANNEL LINE




GOLD CHURNING IN A FAIRLY TIGHT RANGE AS IT BUILDS A LEDGE OR A BASE. WE'LL HAVE TO WAIT TO SEE WHICH TURNS OUT


A PULLBACK NOW THEN HIGHER


OIL, EURO TURN DOWN, DOLLAR HIGHER



GOLD STARTING TO FALL FAST BUT BOUNCES OFF
1145

GOLD MAY CONTINUE RISING




GOLD BOUNCES OFF THE LOW, USUALLY PULLS BACK,TO RETEST THE LOW OR EVEN GO A LITTLE LOWER, THEN RALLY IN A 2ND LEG UP




GOLD SELL OFF DOWN TO THE 75% POINT ON STRONG VOLUME, WATCH FOR THE BOUNCE BACK UP


GT VERY BUSY TRADING, HARD TO POST CHARTS FOR AWHILE


GOLD MOVING DOWN MORE JUST BEFORE THE
CRIMEX OPEN. COULD SPIKE UP ON THE OPEN

GOLD HUGGING THE LOWS AHEAD OF THE CRIMEX OPEN







GOLD COMING BACK GRADUALLY AFTER A FAIRLY HEAVY SELL OFF


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


HARD TO TELL WHAT INFLUENCE THE DOLLAR
IS HAVING ON GOLD RIGHT NOW

3:25AM PST


STOCKS, EURO, OIL MOVE DOWN BROADLY
PULLING GOLD DOWN
BONDS, YEN UP

3:08AM PST


1:28AM PST


GOLD PULLS BACK AS EURO, STOCKS, OIL TURN DOWN AFTER A GOOD RUN UP



GOLD MOVES UP OUT OF THE RED DOWN FLAG




Monday, December 7, 2009

GOLD FALLS AS EURO, STOCKS, OIL FALL



FOR NOW GOLD HAS RALLIED A BIT OFF THIS LOW
BUT COULD GO LOWER
DOLLAR IS UP



GOLD MOVES DOWN TO THE 75% POINT AND MOVES BACK UP



YELLOW UPTREND LINE REDRAWN TO INCLUDE
THE NEW LOW

GOLD RISES AS IT NEARS THE YELLOW UPTREND LINE


THIS IS THE TIME PERIOD, THROUGH MIDNIGHT PST, WHEN GOLD MAKES SOME GOOD MOVES


GOLD CONTINUES TO MOVE UP AND OUT OF THE RED DOWN FLAGS ON LIGHT VOLUME




GOLD SHOULD MOVE UP OUT OF THE RED DOWN FLAG, BUT EURO, STOCKS JUST TURNED DOWN SLIGHTLY, OIL STILL UP


THIS MARKET IS TRADING LIKE A LOT OF 'SCALPER'
TRADERS HAVE MOVED INTO THE NIGHT MARKET
TO GRAB SMALL PROFITS ON THESE MULTI DOLLAR
MOVES IN GOLD THAT GENERATE GOOD PROFITS IF
YOU HAVE ENOUGH CONTRACTS TRADING

STOCKS, OIL RISING, EURO STILL DOWN A BIT, YEN DOWN


IT'S GETTING NEAR THE HOUR WHEN THE FOREIGN
MARKETS BECOME ACTIVE IN THE NEXT 45 MINUTES
UNTIL 11PM PST

GOLD IS NOW TRADING LIKE TRADERS HAVE FINALLY FIGURED OUT THAT GOLD IS A GOOD BUY IN HERE AFTER THE HUGE FRIDAY SELL OFF AND KNOW IT'S GOING BACK UP


A NORMAL PULLBACK AFTER A GOOD UP MOVE, NOW BACK UP?



STOCKS, EURO TURN UP

GOLD MOVED BACK UP MORE THAN 75% OF THE DOWN MOVE, NOW A PULL BACK, THEN HIGHER



STOCKS, OIL, EURO ALL TURN BACK UP
BONDS, YEN TURN DOWN
ALL GOOD FOR HIGHER GOLD

GOLD CLIMBING BACK UP STEADILY ON LIGHT VOLUME


GOLD MOVES UP FASTER AS UP VOLUME INCREASES




A RETEST OF THIS LOW WOULD NOT SURPRISE ME.
THEN GOLD SHOULD MOVE BACK UP
YELLOW UPTREND LINE WILL BE REDRAWN TO TAKE
IN THIS NEW LOW