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)


THIS WEEK IN GOLD TRADING


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

7;58PM PST

5:50PM PST GOLD STARTS UP

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.

7:33AM PST GOLD BREAKS ABOVE THE THICK BLUE TOP LINE OF THE INTERMEDIATE DOWNTREND CHANNEL


Dow is down up to 180 points.
Gold is pulling back and may consolidate here
above 85560
Euro and Oil now falling
Dollar trending in a small range, currently .8663

7:25AM PST


7:16AM PST GOLD PULLS BACK, DOLLAR FALLS THEN RISES


7:00AM PST GOLD RUNS UP TO THE TOP BLUE LINE OF THE INTERMEDIATE DOWNTREND CHANNEL


Dollar falls to .8624, but rallies a bit.
Gold now consolidating for a further move up?
Euro and Yen now falling
Dow flip flopping on the down side, mostly down 150 or more

6:14AM PST DOLLAR RISES TO .8674


6:03AM PST GOLD BREAKS OUT ABOVE THE DOWN FLAG VERY WEAKLY


Dollar weakens a bit.
All markets keep reversing minute to minute.
Very little chance to inform you of these changes.
Dow down 150

5:45AM PST DOLLAR MOVES UP TO .8667, GOLD DROPS


Dow off 100. may drag gold down with it.
Euro and Oil down too.
But gold spikes back up to the white downtrend
line anyway and may go higher

5:39AM PST A QUICK 75% RALLY AND THEN A TAKE BACK


Markets reversing on a dime in both directions.
Gold rises to the top white line of the short term
down flag. It could spike up, but all other markets
are not confirming any strength for gold at the moment
even with highly negative morning reports.

5:35AM PST ALL MARKETS WORKING AGAINST GOLD AT THE MOMENT


JOBLESS CLAIMS/HOUSING STARTS REPORTS AT 5:30AM PST

MOVING AVERAGES ON A DAILY CHART JAN 22, 2009


5:14AM PST GOLD DOWN 50% OF THE LAST UP LEG


Gold low in the blue down flag and should move up.
It's also near the white intermediate up trend line

5:05AM PST A SELL OFF BEFORE THE OPEN


Dollar rounding over and moving down gradually.
Currently at .8633
Euro up off its lows a bit.
Yen is rising
Oil has been rising, currently in the 43s (March oil)
Dow Index is off 50

5:00AM PST THURSDAY 1/22/09 GOLD OVERNIGHT


Gold may sell off before the open, then spike up
on the opening and immediately sell off.
There is a report this morning at 5am pst.