Sunday, October 5, 2008

SUNDAY 2:35PM PDST THE STARTING POINT FOR THIS WEEK


GOLD HELD AT THE 82250 LEVEL, WHICH
WAS BELOW THE LAST LOW AT 82850.
IT IS STILL ABOUT $10 ABOVE THE 61.8%
RETRACE POINT OF THE MAJOR MOVE UP
FROM 73890 TO 932. THE PURPLE DOWN FLAG
RESOLVES UP AS DOES THE SHORT TERM BLUE
DOWN FLAG. GOLD IS UP ABOUT 1/3 OF THE DISTANCE
FROM THE LOWER BLACK LINE OF THE SUPER MAJOR
DOWN FLAG (shown on the Daily Chart previously) WHICH
ALSO RESOLVES UP.
ENOUGH ENTITIES ARE COLLAPSING NOW IN THE U.S.
AND EUROPE THAT THE FLIGHT TO GOLD HAS ALREADY
BEGUN IN CASH GOLD...BUT THE MANIPULATORS CAN
STILL PLAY WITH THE PAPER MARKET...BUT THAT ABILITY
SHOULD BEGIN TO LOSE EFFECTIVENESS, ESPECIALLY IF
TRADERS START TO TAKE DELIVERY OF THEIR CONTRACTS IN
PHYSICAL METAL. (requires big bucks to buy 100ozs at the gold price)