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GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Wednesday, December 10, 2008
5:29AM PST BIG OPENING RUNUP, NOW THE CRASH
Dollar dropped to .8677
Euro rose a little, but not like it does before
gold spikes like this.
I suspect a lot of short covering on this rally.
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2:15PM PST AFTERNOON CLOSE FOR THE WEEKEND
1:43PM PST
1:05PM PST GOLD MOVING UP IN THE LAST HOUR ON LIGH...
12:27PM PST
11:52AM PST GOLD MOVES UP AS DOLLAR CONTINUES FALLING
11:52AM PST GOLD MOVES UP AS DOLLAR CONTINUES FALLING
11:26AM PS GOLD SLIPPING, DOLLAR SLIPPING
10:36AM PST GOLD SINKS AFTER THE CLOSE
10:12AM PST
9:25AM PST GOLD MOVES UP EVEN THOUGH DOLLAR IS STA...
9:02AM PST GOLD JUMPS UP AS DOLLAR FALLS BACK TO ....
8:43AM PST GOLD GETS HIT ON STRONG DOLLAR
8:24AM PST DOLLAR MOVES UP TO .8466, EURO DROPS BE...
6:37AM PST DOLLAR FALLS BACK TO .8410
7:16AM PST DOLLAR RISING TO .8434, EURO AND DOW FA...
7:09AM PST GOLD STRUGGLES TO GET PAST THE 75% RETR...
6:48AM PST GOLD ATTEMPTS TO MOVE HIGHER, AND WILL ...
6:13AM PST EURO DROPPING FAST, DOLLAR GETS A BOOST...
6:00AM PST MY COMPUTERS ARE OPERATING VERY SLOWLY ...
5:57AM PST
5:52AM PST MARKETS IN DISARRAY FROM AUTO BAILOUT F...
MOVING AVERAGES ON A DAILY CHART DEC 11,2008
2:15PM PST AFTERNOON CLOSE
11:00 AM PST GOLD SELLS OFF AFTER THE DAY CLOSE
10:25AM PST GOLD SELLING OFF A BIT INTO THE CLOSE
10:09AM PST DOLLAR DROPS TO .8400
9:50 AM PST DOLLAR DROPS TO .8418
9:40AM PST
9:37AM PST DOLLAR FALLS TO .8430
EURO MAKING NEW HIGHS
DOLLAR FALLS TO .8458
8:24AM PST GOLD MAKING HIGHER HIGHS AND HIGHER LOW...
8:04AM PST THE BOUNCE AND THE RETEST OF THE LOW
7:48AM PST GOLD GETS WHACKED!
DOLLAR HITS A NEW LOW OF .8468
7:00AM PST
6:30AM PST GOLD MOVING BACK UP GRUDGINGLY
DOLLAR DROPS TO .8470
DOLLAR DROPS TO .8484
5:37AM PST GOLD DROPPING FASTER
5:27AM PST GOLD PULLS BACK ON THE OPEN
5:11AM PST GOLD RETESTS THE HIGH AND PUSHES UP TO ...
4:52AM PST SO NOW WHAT DO WE DO?
4:41AM PST GOLD NOW JUST ABOVE THE OLD PREVIOUS HI...
4:39AM PST GOLD JUST WON'T STOP THIS MORNING!
4:37AM PST HOW LONG WE HAVE WAITED FOR THIS DAY!
7:01PM PST
MOVING AVERAGES ON A DAILY CHART (see Dan Norcini'...
6:45PM PST
3:57PM PST AFTERNOON GOLD
GOLDTRADER GONE ON BUSINESS FOR A FEW HOURS
9:44AM PST GOLD MAKES ANOTHER HIGH AT 81020
8:36AM PST GOLD MAKES NEW HIGH AT 80950
8;20AM PST DOLLAR FALLS TO .8640
8:03AM PST DOLLAR RISES TO .8672, THEN FALLS TO .8663
7:57AM PST DOLLAR UP TO .86695, OIL, DOW, EURO ALL...
7:49AM PST DOLLAR RISES TO .86585, OIL COLLAPSING,...
7:23AM PST
7:11AM PST GOLD MAY RETRACE, THEN GO HIGHER
6:46AM PST FIRST RETRACE SCENARIO
6:42AM PST DOLLAR DROPS TO .8643, DOW FALLING
6:28AM PST GOLD SLOWS DOWN BUT DOLLAR DROPS TO .8653
6:14AM PST THE LARGER PICTURE, 75% RETRACE POINT A...
6:06AM PST A SUDDEN MOVE UP TO $801.90
5:6AM PST YEN STARTING TO RISE (then falls), GOLD ...
5:50AM PST DOLLAR DROPS FURTHER TO .8664, GOLD BRE...
5:43AM PST GOLD NEARS $800, A PSYCHOLOGICAL RESIST...
5:29AM PST BIG OPENING RUNUP, NOW THE CRASH
5:13AM PST GOLD SHOULD DROP ON OR BEFORE THE OPEN
5:03AM PST GOLD WILL PROBABLY DROP HARD ON THE OPE...
MOVING AVERAGES ON A DAILY CHART DEC 10.2008
4:47 AM PST CLOSE UP VIEW
4:45AM PST GOLD STARTING TO FALL BEFORE THE OPEN
4:42AM PST GOLD RISES TOO HIGH TO NOT COME DOWN
NOTICE! CHANGE OF FRONT MONTH CONTRACTS
6:25PM PST THE LARGER PICTURE
6:21PM PST
6:21PM PST
11:22AM PST
10:46AM PST
10:43AM PST GOLD MOVES DOWN INTO THE CLOSE
9:38AM PST GOLD MOVES HIGHER, DOLLAR FALLS FURTHER...
9:33AM PST NEW UPTREND CHANNEL LINES DRAWN
9:10AM PST HEAD AND SHOULDERS PATTERN VIOLATED, GO...
8:51AM PST DOLLAR SINKING LIKE A ROCK, HOWEVER H&S...
7:20AM PST HEAD AND SHOULDERS STILL RULES
7:10PM PST
6:05PM PST
5:28PM PST LOOKS LIKE A HEAD AND SHOULDERS PATTERN...
10:26AM PST
10:10AM PST GOLD GOING SIDEWAYS INTO THE CLOSE, MA...
9:44AM PST NO LOGIC TO THE GOLD MOVES AGAINST OTHE...
9:13AM PST JUST ANOTHER RIDICULOUS DAY ON THE COMEX
8:43AM PST DOW AND EURO FALLING, MAY DROP GOLD
8:25AM PST
7:55AM PST A SMALL PULLBACK NOW AFTER A VERY STEAD...
7:01AM PST GOLD BUILDS A LITTLE LEDGE, THEN FALLS ...
6:29AM PST GOLD PULLING BACK
6:05AM PST GOLD NEEDS TO PULL BACK SOME, BUT HOW FAR?
6:03AM PST GOLD KEEPS GOING UP ALL NIGHT AND THIS ...
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