Friday, December 19, 2008
10:08AM PST DOLLAR HITS .82765
Other markets do not support gold rising,
BUT IT KEEPS MOVING BACK UP!
9:53AM PST DOLLAR MAKES NEW HIGH AT .8269
Euro, Dow both dropping fast
Gold retraces 75% of this morning's entire
up move, may rally here.
Dollar holding strong
8:58AM PST GOLD TRADING SIDEWAYS TO UP IN AN UP FLAG THAT RESOLVES DOWN
Dollar staying up in the .8200s,
currently .82395, the high is .82605
Euro going nowhere really, but is down right now.
Dow down 100 points and falling
7:45AM PST TODAY'S MARKETS ARE STRICTLY FOR SHORT TERM SCALPERS DUE TO VOLATILITY
Dollar at .8225
Euro very erratic
Dow moving up, but could see a big sell off
near the close
6:50AM PST GOLD HITTING RESISTANCE AT 843, AND LOOKS TO BE GOING LOWER
Dollar jumps back up to .8223
Euro has been trading aimlessly sideways,
but just now started falling
Gold volumes are very light and erratic is size
from minute to minute.
This is a very thin market, but highly tradeable,
if you're very quick and not greedy
6:29AM PST GOLD MOVES UP ON VERY LIGHT, IRREGULAR VOLUME
Today is a QUADRUPLE Witching day, so
many crazy moves can occur in financial markets.
Dollar at .8202
TWO DOWN FLAGS, BLACK AND WHITE, BOTH RESOLVE UP
The blue uptrend line has been violated. The
new uptrend channel is in pink and resolves
DOWN!, but...within the larger more dominant
WHITE down flag/channel
5:36AM PST OVERNIGHT GOLD
Gold sold off over night and fell below the
blue bottom line of the uptrend channel, thus
negating that channel. The new short term
downtrend channel/flag is in white which is
within the LARGER white down flag (not shown)
Thursday, December 18, 2008
10:52AM PST DOLLAR PULLS BACK TO .8066, GOLD HITS 75% RETRACE POINT OF TODAY'S DROP
Gold breaks out above the blue down trend channel
Euro rounding over a bit
8:59AM PST GOLD BUILDING A BOTTOM HERE?
Dollar at .8068 down a bit from its high at .8082
Euro going sideways at 1.4263
Dow moving back up after going negative twice
Feb09 is the new Crude Oil contract currently
in the mid 43 after a 42.75 low today
GOLDTRADER IS SNOWED IN BIG TIME
Spokane is closed as no one can get to work
through the snow.
I have about 3 feet just on top of my vehicles.
I had to dig out room from my doors so the cats
could go out the cat door.
I need a shovel to dig out my shovel.
My Harley is almost covered and my lawn
tractor is covered.
I have to dig out my snow blower and dig a path
through 4 feet of snow just to get to it.
It's going to be a sweaty afternoon digging out of this.
I'll take some pics and video and post it.
through the snow.
I have about 3 feet just on top of my vehicles.
I had to dig out room from my doors so the cats
could go out the cat door.
I need a shovel to dig out my shovel.
My Harley is almost covered and my lawn
tractor is covered.
I have to dig out my snow blower and dig a path
through 4 feet of snow just to get to it.
It's going to be a sweaty afternoon digging out of this.
I'll take some pics and video and post it.
8:08AM PST GOLD FALLS LOWER TO 68.1% RETRACE POINT, DOLLAR SPIKES TO .8050
Euro turns back up a little.
Dow is zigzagging in a tight range tilting up.
Bonds back up in the 140s
Wild trading today.
8:02AM PST DECENT RUN UP OF 75% THEN A BIG PULL BACK
Dollar at .7984
Euro falls too
If gold does not fall out the bottom of this little
up flag, it will be the third leg up off this bottom.
7:23AM PST GOLD PULLS BACK 75%, EURO STILL MOVING UP SLOWLY
Gold acts like it wants to move back up.
dollar at .79885
7:10AM PST EURO AND GOLD MOVING UP, DOLLAR SLIPS TO .7982
Gold retraces short of the 75% point at 86060.
will pull back a bit then move higher.
6:54AM PST DOLLAR JUMPS TO .8019, BUT PULLS BACK TO .8001
Euro, Yen and Dow still falling
Gold turning lower after the bounce,
could go lower or at least retest the low
Gold turning lower after the bounce,
could go lower or at least retest the low
6:46AM PST DOW, YEN, EURO ALL MOVING DOWN
Gold looking like it's going to fall some more
AND DOES! Just as I type this, down to 85160
on 2.88K contracts in one minute.
With a $5 bounce up from there.
Gold falls below BOTH flags just discussed below.
6:39AM PST DOLLAR HITS .7997, GOLD PULLS BACK A BIT
Big Time intervention in the Dollar
holding gold down.
holding gold down.
NOTICE... gold is in an UP FLAG
that resolves DOWN! (thin white lines)
It also can be considered 'a ledge' that gold
can fall off of.
All this WITHIN an Intermediate Term
Down Flag (Thick white lines) that resolves
up. Just wait for gold to bottom for sure before buying in.
6:31AM PST DOW OPENS A LITTLE LOWER, EURO FALLING, DOLLAR HITS .7985
Euro falling further, gold stair stepping up,
but could get hit hard at anytime if the bulls
don't jump in here big time.
but could get hit hard at anytime if the bulls
don't jump in here big time.
6:18AM PST GOLD MAY BE BUILDING A LEDGE TO FALL FROM
This is always a tricky area to buy.
At least gold did a 75% retracement already
and Euro is moving up gradually, but hesitating here
and starting to round over
Dow is going sideways in a down flag and could
spike up (why I don't know, but it could drag gold up
with it) merely a technical observation
Gold has had such good strength lately, that it's time
for a big move against it by 'The Boyz'
At least gold did a 75% retracement already
and Euro is moving up gradually, but hesitating here
and starting to round over
Dow is going sideways in a down flag and could
spike up (why I don't know, but it could drag gold up
with it) merely a technical observation
Gold has had such good strength lately, that it's time
for a big move against it by 'The Boyz'
GOLD RETRACES 75% DOWN TO 859
Gold attempts a bounce and gets knocked back down
Dollar moves higher to .79765
Euro tries to move up
Dollar moves higher to .79765
Euro tries to move up
Dollar moves down to .7958.
Big Battle here at the bottom on gold, if it doesn't
start to move up, it could be beaten down some more.
6:02AM PST BIG GOLD SELL OF DOWN TO 86030 TAKES OUT PREVIOUS LOWS DOWN TO LOWER TREND LINE
Waiting for a solid bounce here.
Dollar moves up to .7950, so PPT working hard
to keep gold down and dollar up
Gold moving a bit lower
5:43AM PST EURO STRUGGLING TO RISE, DOLLAR FLUCTUATING AROUND .7910
Gold weakening steadily, may fall big time as
profit takers move in and shorts pile on.
Will be a good buy at the bottom.
profit takers move in and shorts pile on.
Will be a good buy at the bottom.
5:23AM PST DOLLAR UP TO .79175, EURO DOWN TO 1.4589
Gold selling off on the open for now.
Oil in the 44s
Bonds still in the 140s
4:49AM PST GOLD MOVES UP WELL OVERNIGHT
As I said, foreign gold markets get active near
midnight pst. Gold took off at 11:20 pst and rose
about $17 (while I was sleeping!...damn!)
Pulled back a bit, and is now testing the recent top
just below yesterday's top which Dan Norcini
says is the new resistance area around 880.
DOLLAR MAKES NEW RECENT LOW AT .7878
Euro high is at 1.4687.
The previous Euro high on 9/22/08
is a penny higher at 1.4786
Gold has retraced just over 75% of the whole down
move from it's recent high, and also the last little
up leg, so it may pull back here, but could spike
on the open, and then pull back.
Wednesday, December 17, 2008
9:05PM PST GOLD SO FAR THIS EVENING
Dollar has fallen to .7939 this evening.
Gold, so far, has not risen accordingly because
the most influential foreign markets don't open
for a few hours (around midnight pst).
As the markets become thinner in volume as we
move deeper into the holiday weeks expect ANYTHING.
This is the time of year (and continuing into March of
next year) when gold has made some of its greatest gains,
only to fall on its ass in a major way.
However, 'The Boyz' have either run out of ammo, or are
running very low on anti-gold bullets, and have much less
ability to knock gold down, UNLESS they decide to sell
all the gold they do, or don't, have to suppress the market.
REMEMBER, the Illuminati bastards will scoop up all the gold
in the World at the bottom, if they haven't already done so.
9:31AM PST DOLLAR SLIPPING
Gold could pull back to the top white line of
the down flag for support and then rally
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