THIS WEEK'S GOLD TRADING

2:15PM PDST AFTERNOON GOLD CLOSE FOR THE WEEKEND

GOLD HAS BEEN CHOPPING SIDEWAYS FOR ONE WEEK

This is a consolidation pattern that resolves upward.

EURO, OIL, DOW MOVING LOWER

HOURLY OIL CHART

EURO STILL WITHIN ITS INTERMEDIATE UPTREND CHANNEL

BONDS ON THEIR LOWS

DOLLAR FALLS

LOTS OF MOVEMENT BUT WEAK VOLUME, WAIT FOR THE BIG DROP

Indicator markets are encouraging to a gold rally,

but the dollar is falling now.

DOW AND OIL FALLING FAST

POSSIBLE RETRACEMENT POINTS IF GOLD GOES DOWN

HOPE YOU TOOK YOUR PROFITS WHILE YOU HAD THEM

When the commodity gods give you a quick windfall, don't

wait for them to give you more...TAKE YOUR PROFITS!

Then re-group and wait for the next opportunity.

Just don't dissipate your winnings with a bunch of little

(or large) unnecessary losses by waiting for larger profits

on any one move. Enough reasonable wins pile up into a large account.

This gold market will screw you out them every time you

wait too long to grab your winnings.

NOT MUCH SUPPORTING THIS LAST UP MOVE ON LIGHT TO MODERATE VOLUME

ONLY BUY THE DIPS, NEVER CHASE A MARKET!