HOW FAR DOWN WE HAVE COME, FOR FAR TOO LONG

What a hell of a ride these last months have been.

THE RALLY BACK UP BEGINS FROM HERE

Gold has now retraced six dollars short of 50%

of the move down from 93630 to 681.

THIS WEEK IN GOLD TRADING

Gold goes nowhere for the entire week, building

energy to spike up, which it did today with almost

no indication from other markets. Gold basically

decoupled from other markets and showed its

true potential as the only TRUE CURRENCY

in the World.

TODAY'S GOLD TRADING

Strong volume all the way up today with

very little pull back where buyers didn't move

in quickly.

2:15PM PST GOLD CLOSE FOR THE WEEKEND

Gold finishes strong for the day, week and month.

1:02PM PST DOW CLOSES UP 500+ POINTS, DRAGS GOLD UP WITH IT, DOLLAR FALLS A BIT MORE

12:50PM PST NEW DOWN FLAG FORMS

12:43PM PST GOLD FALLS THRU THE LINE AND THE 75% RETRACE POINT

It turned back up right after this shot but may

not rally

Dow rallying 15 min before the close. Dollar falling to .8808,

Euro was rallying but just dropped of sharply.

12:40PM PST GOLD DROPS DOWN TO THE TOP LINE OF THE DOWN FLAG LOOKING FOR SUPPORT

12:11PMPST GOLD STARTING TO FALL RAPIDLY

UNABLE TO POST IMAGES DUE TO PROBLEM WITH BLOGGER
WILL POST LATER

11:15AM PST GOLD BREAKS OUT OF THE DOWN FLAG, MAKES A NEW HIGH, BUT BACKS OFF QUICKLY

10:50AM PST DOWN FLAG COULD RESOLVE UP FURTHER BUT 800 COULD BE RESISTANCE AFTER SUCH A LONG RUN UP

Gold held right on the blue up trend line and

turned back at 75% on its rally up. Classic moves.

Now, will the white down flag resolve up classically too?

10:39AM PST THE DAY SESSION CLOSES DOWN, THEN RALLIES INTO ELECTRONIC TRADE

A very tough day to trade unless you were already

long. None of the other markets gave any valid

signals that would have helped you have any idea

that gold would move up this strongly.

I still think some major buyers (like China) were

involved. This was just to big and solid an up move

to be merely safe haven buying. Short covering

had to be involved at one point.

The important thing is that we are now above

750 and will probably stay above it.

Additionally, the psychological level (round number)

of 800 was pierced (not persuasively) and not just

bounced off of from below. Gold may very well

go above 800 this afternoon before the 2:15pm pst close

until Sunday at 3pm pst. Then we may see gold really

take off if more problems come about on the weekend.

9:48AM PST GOLD NIPS ABOVE 800 THEN FALLS, BUT HOW FAR?

9:24AM PST GOLD ALMOST HITS 800, BUT TURNS BACK, NOW HOW FAR DOES IT PULL BACK?

Dollar pulls back after hitting .8873

Euro sells off then rallies

Yen sells off

Bonds down from their highs

Dow all over the map

Oil staying below 50 (Jan09 front month)

8:44AM PST A DOUBLE TOP HERE?

8:06AM PST GOLD JUST KEEPS MOVING UP AS IT HAS BROKEN THROUGH THE 750 RESISTANCE AREA

Absolutely crazy! Dollar rises, Euro and Dow tank

and gold still rockets up on STRONG volume.

Nothing makes sense at all!

And now gold is starting to drop like a rock as

the profit takers move in.

It's possible that China could be buying gold, but

I have no news on that.

7:35AM PST GOLD MOVING BACK UP ON A STRONG DOLLAR, EURO DOWN AND DOW DOWN

7:27AM PST GOLD BREAKS UP OUT OF AN UP FLAG (blue) TOTALLY OPPOSITE TO LOGIC AND TAKES OUT THE PREVIOUS HIGH AT 77830

7:16AM PST GOLD NOW SELLING OFF, EURO DOWN, DOW TANKING AGAIN, OIL BELOW $50

Gold is actually moving OPPOSITE the Euro

and the Dow this morning.

Simply crazy trading counter to all logic.

7:10AM PST GOLD SPIKES UP ON VERY STRONG VOLUME

Gold moved up independent of the Euro, Dow,

etc.

It could be that some big traders wanted to get

into gold before the Turkey Day Holiday.

Right after gold topped at 77990 (the 7737 posted

on the chart is wrong), it sold down

rather quickly and is still dropping.

I have been tied up trading and moving funds

around so I haven't been able to post, but

I should be able to post some more now.

Problem is, that when the market moves so fast

I can't trade and post at the same time, and I have

to trade first.

5:30AM PST GOLD JUMPS ON THE OPENING TO THE PREVIOUS SPIKE HIGH AT 76480

2:15PM PST AFTERNOON CLOSE

12:57AM PST

12:37PM PST

12:35 PM PST

10:39AM PST

10:25AM PST

10:21AM PST JUST BEFORE THE GOLD CLOSE DOW AND EURO FALL

9:29AM PST GOLD LOOKS LIKE IT WANTS TO MOVE UP, BUT IT'S AT THE "HIT IT HARD" LEVEL OF 750

9:20AM PST

9:16AM PST

9:06AM PST

8:55AM PST GOLD COULD GO UP TO 75640 (75%) AND STILL BE A RIGHT SHOULDER

8:21AM PST WE CAN'T HAVE THAT QUICK, EASY PROFIT DISAPPEAR, CAN WE?

8:16AM PST POSSIBLE HEAD AND SHOULDER PATTERN FORMING

This is just a possibility among many others.

We all have been wondering why gold hasn't

gone ballistic, but it hasn't because of the

manipulation, and that will continue, until

it doesn't work anymore, which it ultimately won't

Until then, we have to consider all possibilities.

8:11AM PST THE NEW PICTURE

8:09AM PST

8:07AM PST GOLD GOES HIGHER AS DOW RALLIES

7:53AM PST

7:25AM PST THE BEGINNING OF A COME BACK? NOT LIKELY, BUT POSSIBLE

7:04AM PST

7:02AM PST

6:38AM PST MARKETS ALL TRADING WILDLY, EURO TURNS AROUND AT TOP OF SPIKE, DOLLAR MOVES BACK UP, DOW BEGINS TO FALL AGAIN

6:26AM PST DOLLAR DROPPING, EURO SPIKES UP, DOW STOPS FALLING, BONDS TURN DOWN, GOLD MAY RALLY HERE

6:20AM PST GOLD ALMOST TOUCHES YESTERDAY'S CLOSE PRICE, A COMMON HAPPENING, WILL PROBABLY GO LOWER

POSSIBLE HEAD AND SHOULDERS PATTERN COMING

6:12AM PST THE LARGER VIEW

See comments on previous chart

6:05AM PST GOLD PROBABLY GOING LOWER WITH THE DOW

Gold is punching through successive up flags

and will probably have a big sell off from which

it should/could bounce back well.

720 may be the support level (see Dan Norcini),

although 715 is where the 75% retrace point is at 71490

but gold could also retest below 700 again.

Remember, CRIMINALS are running this game

and they don't want to go to jail or be executed.

They will DO ANYTHING to avoid that.

And YOU are expendable to them.

6:00AM PST AND THE SELL OFF BEGINS

5:53AM PST GOLD RISING SLUGGISHLY IN AN UP FLAG THAT RESOLVES LOWER

Dow is sinking, and gold will go with it, if for

no other reason than being sold to pay for

margin calls in equities, or just pure panic

selling to get cash.

Oil is in the 50's, may break into the 40's just

from lack of demand due to people driving less

because they're broke, rather than due to the

price of fuel.

My neighbor, the trucker, says business is very

lean except for a few military contracts to haul

heavy military things, and oil drilling equipment

to Wyoming where there is a big oil development.

But not enough work for all the truckers out there.

Trucks are getting repossessed in droves.