GOLDTRADER'S GROUP: 1/18/09

Friday, January 23, 2009

ONLY TWO MORE TOPS TO CONQUER BEFORE WE GET TO THE OLD HIGHEST PRICE EVER REACHED

These will be the last charts of FEB09 Gold

I will post. I will post new April09 Gold Charts

this week end, or tonight, duplicating these

charts (same time period, just different contract

months). Feb09 Gold First Notice is on Jan 30,

next Friday. Think about taking delivery of your

gold contracts if you have the ability. See JSMINESET.COM

for instructions on how to do that.

THE CURRENT MAJOR UPTREND CHANNEL (white lines)

2:15PM PST AFTERNOON CLOSE FOR THE WEEKEND

The H&S Pattern is not really valid because the

far right shoulder at 900 is slightly higher than

the shoulder just to the right of it.

It is possible for gold to retrace from this point,

but it is more likely that it will break up and out

of the down flag that has formed.

Gold has blown through all the previous highs and

is poised to move solidly into the 900s.

But every time I have been completely convinced

that gold was going to do something...

IT WENT THE OTHER DIRECTION...HARD!

So be cautious and don't ever forget that the guv'mint

will do ANYTHING at this point to keep from

admitting WE ARE BROKE...and...THE DOLLAR IS DEAD!

You could see a hard hit to gold in the short term, but

that will only give you another opportunity to buy at

a lower price..

11:52AM PST FINALLY, THE HEAD & SHOULDERS PATTERN TAKES OVER...I KNEW IT WOULD EVENTUALLY

11:00AM PST DOLLAR FALLS TO .8585

MOVING AVERAGES ON A DAILY CHART JAN 23, 2009

Gold vaults above ALL the MAs

10:35AM PST GOLD AT THE CLOSE, DOLLAR FALLS FURTHER TO .8612

10:23AM PST GOLD COMING INTO THE DAY CLOSE

Dollar down to .86315

9:58AM PST GOLD RETRACES MORE THAN 75% OF THE DOWN MOVE FROM 93880 TO 688, ONLY $30 TO GO!

9:41AM PST WHAT A DAY! HAS GOLD TOPPED NOW?

8:32AM PST CAN GOLD GO MUCH HIGHER TODAY? DOLLAR IS MOVING LOWER GRUDGINGLY

8:00AM PST POSSIBLE NEW H&S PATTERN COMING

7:55AM PST GOLD MAKES NEW HIGH, POSSIBLE NEW HEAD OF NEW H&S PATTERN

Dollar moves up to .8722 but slips from there.

Gold finding some support at the top blue line

of the down flag. Will it hold? I think gold will

fall a bit before any more big rallies.

7:46AM PST NOW WHAT?

Gold AND Dollar both moving higher. Simply

impossible to call this gold market today.

7:31AM PST HARD MARKET TO CALL, DOLLAR FALLS TO .8698 AGAINST H&S PATTERN

H&S pattern is looking less likely. Gold may

just blow through the top given that it has

exceeded the 880 resistance area, but it has to

close there or higher to make a difference.

Gold is acting completely contrary to all the other

markets if you use them for a hint as to where gold

is going. The other markets are lagging gold as they

finally get into line to confirm gold's moves.

Gold is leading, rather than following today.

7:18AM PST POSSIBLE H&S FORMATION COMING

6:50AM PST GOLD FALLS RIGHT TO THE UPTREND LINE AND 61.8%, WILL IT DROP FURTHER OR RALLY NOW?

6:45AM PST DOLLAR FALLS TO .8678 BUT BACK UP A BIT TO .8694, GOLD FALLING SLOWER THAN IT ROSE

Bonds have been falling steadily but are turning

up right now.

Oil is falling

Euro rose but is now falling

Yen fell but is now rising

Dow has been down about 200 points before the

open. It rose on the open, then fell, now thrashing about

still down.

Gold now falling more rapidly

6:15AM PST GOLD SPIKES HIGHER WITH NO CONFIRMATION FROM MOST OTHER MARKETS, DOLLAR DROPS TO .8709

5:52AM PST GOLD MAKES NEW HIGH

5:36AM PST DOLLAR HITS NEW HIGH AT .8737, YET GOLD BREAKS ABOVE THE BLUE DOWN FLAG

Everything is AGAINST this up move in gold.

It might spike, but it will probably then plumment

on profit taking as it is into major resistance.

The next big high to exceed is up at 892

Gold is approaching the 75% retrace point at 87710

MOVING AVERAGES ON A DAILY CHART JAN 23, 2009

Gold is ABOVE all the MAs

5:05AM PST GOLD HASN'T FALLEN YET, AND IS PUSHING THE TOP OF THE BLUE DOWN FLAG

Their is major resistance at the 880 level according

to Dan Norcini.

We are in the last week of trading for FEB09 Gold

so we have to move to APRIL09 Gold next week.

4:04AM PST WILL GOLD DROP BEFORE THE DAY OPEN? H&S PATTERN FORMS

3:28AM PST FRIDAY GOLD SPIKES $20

Even with the dollar as high as .8735 (high),

gold still takes off. Nothing else indicated the move.

So, gold is definitely acting as a currency and safe

haven.

I managed to stay awake until midnight. As soon

as I closed my eyes, gold took off. SHIT!

After the move took place, I woke up.

Thursday, January 22, 2009

1:20PM PST DOLLAR MOVES BACK UP TO.86225

MOVING AVERAGES ON A DAILY CHART JAN 22, 2009

Gold is above all the MAs except the 200 day,

and it's close to that.

The 10 day is turning up to soon cross the 20 day

MA which will be very bullish.

See Dan Norcini's comments today at JSMINESET.COM

1258PM PST DOLLAR MOVES DOWN TO .8602

Gold may break out the top of this down flag

as the dollar falls.

11:52AM PST DOLLAR FALLS TO .8613

10:35AM PST GOLD RALLIES INTO THE CLOSE, THEN FALLS

Gold pulls back almost 75% of the pre-close

rally. Dollar is at .8644, up from its low previously

at .8621.

Other markets are trending sideways.

Dow is off about 200 points and has been off

most of the day

9:37AM PST DOLLAR FALLS TO .8621

8:42AM PST DOW FALLS 240 POINTS, DOLLAR STEADY AT .8653

Gold starting to fall.

8:38AMMM PST GOLD IS TRADING IN A $20 RANGE

8:05AM PST GOLD ROSE $20 FROM LOW TO HIGH TODAY, NOW IT IS PULLING BACK, BUT HOW FAR?

Dollar not rising much, currently at .8552,

but everything else is falling,

except the Yen which is rising.

Gold starting to fall faster.

Dow is off 200 points and Oil is down to the 40s

2 HOUR PROGRAM ON FORT KNOX ON THE HISTORY CHANNEL TODAY AT 8AM PST

This is an interesting program, you should tape it.
It repeats at 2pm pst.

Another program tonight at 9pm pst, is
MYSTERY OF THE FREEMASONS: AMERICA

You should definitely start to understand this organization and the Illuminati.

After all, they run the World.