Friday, February 6, 2009
11:38AM PST GOLD GOING SIDEWAYS IN A RANGE IN AFTERNOON TRADING
So far, the Crimex Boyz have managed to
sit on gold and keep it down today. Two hours
to go for this week's trading. Gold could creep
up some from here towards the close at 2:15pm pst
10:50AM PST EURO MAKING NEW HIGHS, DOLLAR DOWN TO .8538
AND GOLD IS BARELY MOVING UP.
IT SHOULD BE EXPLODING!
IT SHOULD BE EXPLODING!
10:45AM PST GOLD DROPS TO THE PREVIOUS LOW, SHOULD NOW START RALLYING THE REST OF THE AFTERNOON
Dollar at .8550
Dow up 270
Euro up
Yen down
Oil now at 42
So, are they going to push gold down now?
SHEESH!
10:31AM PST DOLLAR DROPS TO .8543, EURO MAKING NEW HIGHS, DOW UP 260, OIL UP TO 41, YEN FALLING...
AND GOLD IS DROPPING INTO, AND AT, THE CLOSE?
The Crimex Manipulators are really sitting on gold today.
It's going to be fun to see them behind bars someday,
or hanging from a tree somewhere near the exchange.
The Crimex Manipulators are really sitting on gold today.
It's going to be fun to see them behind bars someday,
or hanging from a tree somewhere near the exchange.
10:10AM PST DOLLAR DROPS TO .85785
I'm beginning to think gold will rally into the close and continue
in the afternoon trading immediately after the NY close.
in the afternoon trading immediately after the NY close.
Euro is moving up near the day's high at 1.2919
Dow up 250
Oil up in the 40s
Yen slipping
All good for gold to rise
9:58AM PST DOLLAR DROPS TO .8583
Gold almost hits the 75% retrace point at 91770
and pulls back, but should move higher, then
sell off into the close
and pulls back, but should move higher, then
sell off into the close
9:36AM PST DOLLAR FALLS TO .8588
Euro moving up slowly
Gold should jump up to 91770
then probably sell off quickly.
More sell off into the NY day close
but possible gradual rally in
afternoon trading
Gold should jump up to 91770
then probably sell off quickly.
More sell off into the NY day close
but possible gradual rally in
afternoon trading
9:27AM PST GOLD SHOULD BREAK THROUGH 916 AT LEAST TO THE 75% POINT AT 91770
Dollar has been going sideways around .8609
8:10AM PST DOLLAR DROPS TO .8603, DOW UP 220, EURO MOVING UP SLOWLY
Gold hits the 75% retrace point at 9141 exactly.
It is now consolidating in a tight trading range
and should move higher
Will gold get stopped at 916?
Or will it go higher... I say higher.
This was a totally manipulated sell off
8:03AM PST GOLD MOVES UP TO THE 75% POINT AND PAST THE BLUE DOWNTREND LINE FULLFILLING THE H&S PATTERN BUT COULD MOVE HIGHER
Dow up 200 points
Euro going sideways
Yen also sideways
Oil holding in the 39s
Dollar at .8610 staying nears its lows of the day
And gold moves higher
7:54AM PST GOLD FORMS A SHORT TERM REVERSE H&S PATTERN
Gold is now forming the right shoulder of the
Reverse H&S pattern that should resolve UP!
Euro and Dow are moving up which should pull
gold up
Yen is moving down
7:48AM PST GOLD MOVES BACK UP AFTER MOVING DOWN NEAR THE 75% POINT AT 908
Dollar slips back to .8609
Euro moving back up
Dow sideways, holding up at up 185 points
7:39AM PST TOO QUICK A PULL BACK, THE MANIPULATORS ARE AT WORK TODAY FULL TIME
Euro turn back down
Dow up but slowing
Yen tipped down
gold falling on light volume
7:30AM PST GOLD RETRACES 68.1% AND MOVES BACK UP ON MODERATE VOLUME
Dollar drops from .86025 to .8595, then back
up to .8610
Euro and Dow turn back up slightly
Gold should move above 916 to a new high on this move
6:36AM PST A PULL BACK NOW THEN GOLD MOVES HIGHER?
Dollar falls to .8610 low
Oil slips back to the 38s
6:25AM PST GOLD FALLS FURTHER
Dollar falls further. Hits .8620 and dead cat
bounces up to .8629
Oil drops to the 38s
Euro rising
Yen going sideways
Dow drops back from 60 points up to up only 40
Bonds trending down
Gold is NOT looking strong right now,
but will bottom and move back up strongly at
some point.
6:15AM PST DOLLAR DROPS TO .8622, GOLD DROPS TO 90610
Dollar bounces to .8630 off the low
Gold is gradually moving back up
Gold is gradually moving back up
5:57AM PST GOLD CONTINUES TO DROP, NO LOGIC INVOLVED, $10 TRADING RANGE WILL BE CONSIDERED SMALL PRETTY SOON
Dollar drops to .8633
Dow moves up 50
Euro moving up
Most currencies still thrashing up and down
NO real direction to predict.
Purely emotional trading or panic selling due
to volatility. Once things calm down, gold
should be a buy
5:45AM PST GOLD TRADING WILDLY IN A $5 RANGE
Currencies trading wildly.
Dollar range very wild.
Latest quote is at .8662
Looks like PPT jumped on it at the same time
the Jobs Report came out.
Gold falling further right now
MARKETS GOING CRAZY ON JOBS REPORT NEWS FLYING UP AND DOWN WILDLY
GOLD FALLING ON JOBS REPORT
after much up and down
after much up and down
5:27AM PST THE OPENING SO FAR
Dollar at .8640 going sideways
Bonds down a bit
Dow up a bit
Oil in the 39s
Yen down some
Euro sideways
Jobs report right now
5:21AM PST GOLD OVERNIGHT
Gold did the opposite last night that it usually does.
Just after midnight PST, it dropped (spiked down)
and then rose until now.
Now, on the open gold has run up to a previous
high at 92070 and pulled back. I'm behind on
getting up to date as I've had to deal with some
unexpected details that must be handled which
has put me behind. Back in moments.
Thursday, February 5, 2009
1:54PM PST GOLD PULLING BACK IN A DOWN FLAG, WILL PROBABLY GO BACK UP THIS EVENING AND OVERNIGHT
Dollar tested .8642 or so once again, but has
slipped back to .86385 for now.
11:22AM PST GOLD CONTINUES HIGHER, COULD GO TO 92190 (75%) BEFORE PULLING BACK
I took my profit early just because I'm so sick and
tired of having gold dip way below my buy in
price and having to wait while it floats back up.
Or, having it move back up just above my buy in
price, not quite enough to cover commissions or
have any decent profit worth taking, and have it
fall back again. It drains me to have to watch this
market when I am getting tired after a full day
of trading and is even more draining to have to then
monitor a trade gone bad overnight while my eyes
are rolling in their sockets from lack of sleep.
I'm happy with any profits, and more than happy
when gold makes a nice run up after I buy in and
snag a really large profit.
It sure beats working for anyone.
10:21AM PST DOLLAR MOVES UP TO .8617 BUT SLIPS BACK SOME
Gold may sell off into the NY close, but will
probably rally in afternoon trading and may
make a new high when the Europe/Asia markets
begin to trade. It's a regular pattern now.
9:53AM PST GOLD SHOULD MOVE BACK UP FROM HERE
Dollar still moving lower
Indicator markets line up again in gold's favor
Gold rising on moderate volume
9:04AM PST DOLLAR DROPS TO .8599
Gold could do a sudden sell off only to rally
right back up as all the indicator markets I
quote are saying gold should rise.
There is definitely a concerted effort going on
to depress the gold price
8:39AM PST DOLLAR RISES BACK UP TO .8626
Gold seems to be trading exactly opposite to the
way the indicator markets would have you expect
Volume is light at present. No bold moves
Gold trading within the white down flag
and above the blue short term uptrend line
way the indicator markets would have you expect
Volume is light at present. No bold moves
Gold trading within the white down flag
and above the blue short term uptrend line
7:50AM PST GOLD SUDDENLY JUMPS ON 2 MINUTES OF GOOD VOLUME BUT FALLS BACK
As Dan Norcini has been telling us, the 'hedgies'
yank these markets around based on how strong
their recent cup of coffee is.
Dow, Euro, Oil all climbing
Yen falling
Dollar lower at .8612
Those are all the ducks that need to be in a row
to see gold move up...But will it?
7:35AM PST GOLD SLIPPING, BUT HOW FAR?
Oil is down to the 39s
Euro is moving down
Yen moving down
Dow starting up
Dollar moving lower, currently at .8616
7:1818AM PST GOLD MAKES NEW HIGH ON THE OPEN
I stayed up until about 3am pst to manage
the trade (the green lines) that had gone against
me the last two days. I got out with a decent profit
when I thought gold had peaked, and because I
couldn't keep my eyes open any longer.
When the alarm went off an hour later, I
'rested my eyes' for a moment. They didn't open
until just 30 minutes ago.
Gold is back above the dark black MAJOR
DOWNTREND LINE and appears it may hold
above that area which will become support for
the gold price from now on. You can see it dipped
down to the line this morning and rallied.
More to come as I get up to speed on the data.
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