Wednesday, August 12, 2009

Tuesday, August 11, 2009

GOLD DROPS OUT OF THE BLUE UP FLAG AS EXPECTED

DAILY CHART OF THE S&P 500 WITH MOVING AVERAGES (delayed prices)


DAILY CHART OF CRUDE OIL WITH MOVING AVERAGES (delayed prices)


DAILY CHART OF THE YEN WITH MOVING AVERGES (delayed prices)


DAILY CHART OF THE US 30 YEAR T BOND WITH MOVING AVERAGES (delayed prices)


DAILY CHART OF THE EURO WITH MOVING AVERAGES(delayed prices)


DAILY CHART OF THE DOLLAR WITH MOVING AVERAGES (delayed prices)




5 MINUTE DOLLAR CHART (delayed prices)


GOLD IS GOING ABSOLUTELY NOWHERE RIGHT NOW


The small moves and lack of any discernible
direction in gold from moment to moment
makes it foolish to trade right now.
Don't be starved for trading action and impulsively
trade just to do something. WAIT...a major move
in gold is going to happen soon. Save your ammo
to trade it. It will make you rich beyond your
wildest dreams if you play it right.

GT IS NAPPING, BACK AT 3:00PM PDST WITH MORE CHARTS

GOLD MOVES BACK DOWN AFTER A BRIEF RALLY


The blue up flag resolves down

5 MINUTE DOLLAR CHART (delayed prices)