Friday, December 12, 2008
1:05PM PST GOLD MOVING UP IN THE LAST HOUR ON LIGHT VOLUME EVEN THOUGH DOLLAR SPIKES TO .8453
Dollar spikes suddenly to .8453 then falls back
to .8432, not normal movement.
Gold continues to move higher on very light
afternoon volume
Dow ends positive on the day.
11:26AM PS GOLD SLIPPING, DOLLAR SLIPPING
Gold is forming a ledge to fall from, but it could
hold here and go up if the dollar continues down.
As we get closer to Xmas, volumes get thinner and
more traders will be closing out their positions
making price swings more probable on light volumes
8:24AM PST DOLLAR MOVES UP TO .8466, EURO DROPS BELOW 1.3300
Obvious dollar intervention happening.
We can't have stocks collapsing now, can we?
Bush can't have his Legacy tarnished...HAHAHA!
6:37AM PST DOLLAR FALLS BACK TO .8410
Gold struggling at a critical area (75%).
All up volumes don't continue very far and
are being capped at the 828 area which is
very near the 830 area of resistance where
the manipulators are staging their fight to hold gold.
7:09AM PST GOLD STRUGGLES TO GET PAST THE 75% RETRACE POINT AND FAILS
Dollar up a pinch, currently at .8428
Euro barely moving at 1.3360s
and has now fallen to 1.3340s,
gold also pulling back a bit.
It could take a fall for lack of momentum upwards.
Like I always tell you, if gold isn't going up, it's coming
back down.
Dow climbed to 8480, but is now falling, still in the red
from yesterday's close
6:48AM PST GOLD ATTEMPTS TO MOVE HIGHER, AND WILL ANY MINUTE, VOLUME BUILDING
Gold is coiling getting ready for a spike up higher
Dollar falls back to .8408
Euro moving up slowly
6:13AM PST EURO DROPPING FAST, DOLLAR GETS A BOOST TO .8417
Dow spiked up about 120 points and is now falling back.
These markets are flying every direction.
Very dangerous markets to trade for more than a minute
or two before they reverse. Extreme volatility.
By the time you think you know what's happening, everything
has changed. Impossible to post except with charts that show
you the larger picture.
These markets are flying every direction.
Very dangerous markets to trade for more than a minute
or two before they reverse. Extreme volatility.
By the time you think you know what's happening, everything
has changed. Impossible to post except with charts that show
you the larger picture.
6:00AM PST MY COMPUTERS ARE OPERATING VERY SLOWLY RIGHT NOW MAKING POSTING VERY DIFFICULT TO DO IN A TIMELY MANNER
MY TRADING HAS TO COME FIRST.
Must be high traffic on the internet this morning.
Gold trading very cautiously
Dow expected to drop on the day open, down over
292 points at present in electronic trading
Must be high traffic on the internet this morning.
Gold trading very cautiously
Dow expected to drop on the day open, down over
292 points at present in electronic trading
5:52AM PST MARKETS IN DISARRAY FROM AUTO BAILOUT FAILURE
Dollar down to .8403
Euro makes new day's high in the 1.3380s
Thursday, December 11, 2008
10:25AM PST GOLD SELLING OFF A BIT INTO THE CLOSE
Gold should rise over night as the dollar is now toast.
EURO MAKING NEW HIGHS
Dollar at .84645
Euro up to 1.3264
gold should be heading up from here at least
to the 75% retrace point at 83160
8:24AM PST GOLD MAKING HIGHER HIGHS AND HIGHER LOWS AFTER THE SELL OFF
Dollar rises to .8492 but falls back to .8468
currently at .8476
Oil up to the 47s
Dow dropping from its highs of the day
Euro up/down/etc
Yen trending down
6:30AM PST GOLD MOVING BACK UP GRUDGINGLY
Dollar rising off its low to .8484
Bonds rise to the 135s then pull back
Oil at 45s
Dow down 85 on open
Euro new high at 1.3245, now at 1.3235
DOLLAR DROPS TO .8470
But gold is dropping too.
The manipulators can't let it go higher
so the Central Banks are probably selling gold
or the paper shorts are playing their game again.
The manipulators can't let it go higher
so the Central Banks are probably selling gold
or the paper shorts are playing their game again.
That, and when gold doesn't rise quickly, traders
get panicky and sell.
5:37AM PST GOLD DROPPING FASTER
Markets very undecided after the reports.
Dollar moved back down to .84925 or lower (delayed
charts aren't very fast)
Euro made a new high at 1.3221 but is wandering
Dow Index is falling fast down 100 plus points
gold will probably fade a bit, but expect a sudden
spike up after traders get their heads together on
where things are going.
5:27AM PST GOLD PULLS BACK ON THE OPEN
Euro and Oil pull back.
Dollar moves up to .8511
Gold is slowly pulling back, but how far?
And will it suddenly spike up?
Now for the morning reports to see what effect
they have. Ought to be nothing but bad news.
5:11AM PST GOLD RETESTS THE HIGH AND PUSHES UP TO 83530
Dollar falls further to .8501
Euro high is at 1.3217
REPORTS this morning are
Jobless Claims,
Trade Balance at 5:30am pst.
4:52AM PST SO NOW WHAT DO WE DO?
Now that gold has hit the previous high at 83450
and exceeded it a pinch, does gold pull back a little
and go higher, or does NY bang it down on or before
the open? The Dollar has collapsed down to .8520,
the Euro is above 1.3200, Oil is up at 45 (time to
fill your Jerry Cans with gas for your yard equipment).
You don't want to buy the highest price and have the
market pull back big time on profit taking, and you
don't want to get left behind if it does. This is the
problem with rising markets, but only for margin
traders. Cash gold owners, just go back to bed and
DON'T YOU DARE SELL YOUR GOLD NOW!
It's going way up from here and you won't be able
to buy it back easily.
4:41AM PST GOLD NOW JUST ABOVE THE OLD PREVIOUS HIGH AT 83450
4,000 CONTRACTS UP in the 3am pst hour
7,000 CONTRACTS UP so far this 4am pst hour
Wednesday, December 10, 2008
GOLDTRADER GONE ON BUSINESS FOR A FEW HOURS
GOLDTRADER SHUTTING DOWN TO GO TO TOWN ON BUSINESS
FOR A FEW HOURS, BACK LATER.
FOR A FEW HOURS, BACK LATER.
9:44AM PST GOLD MAKES ANOTHER HIGH AT 81020
Can't buy gold at this level, and shorting it
appears to be a death wish.
Buy only on substantial pull backs
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