Friday, April 24, 2009

THE BIG PICTURE


DOWN TRENDS RESOLVE UP
UP TRENDS RESOLVE DOWN
WHAT DO YOU SEE?

TRENDS WITHIN TRENDS WITHIN TRENDS WITHIN......


The Major Trend is Up

THIS WEEK IN GOLD TRADING


2:15PM PST AFTERNOON CLOSE FOR THE WEEKEND


GT IS GONE TO THE DENTIST ONCE AGAIN, BACK THIS AFTERNOON

GOLD WILL PROBABLY EXPLODE IN THE NEXT HOUR WHILE I'M GONE


Dollar down to .8473

WHO COULD POSSIBLY TELL WHAT GOLD IS GOING TO DO NEXT?


Bonds making new lows
Dow up about 130
Euro and Yen up
Oil sideways in the 51s
Dollar down again to .8476



THE PULL BACK


ANOTHER RALLY WITHIN THE WHITE DOWN FLAG


Gold doesn't make it the full 75% back up before
getting hit.
Dollar is getting a little boost from PPT
Yen and Euro are falling, but Euro has risen
substantially off its recent lows
Bonds have taken out a recent low and look to be
moving lower as the bond market collapses eventually
Dow is higher by 88, up and down today but higher.
Oil is in the 51s basis June, the new front month,
and has been rising off its recent lows.





GOLD FALLS AGAIN, STILL TRADING WITHIN THE WHITE DOWN FLAG


Gold falls exactly to yesterday's close price, then
a bit lower on substantial volume.
Will it rally here and continue in this trading range?
I don't know, but it could get knocked much lower
due to manipulation, only to rally to new highs later



GOLD MOVING HIGHER THAN SHOWN HERE RIGHT NOW




FEELS LIKE GOLD IS GETTING READY TO DO SOMETHING 'EXPLOSIVE'


Even though volume is light and trading is slow,
it feels like something is about to happen in a big
way. Dollar has inched up a pinch to .84845

GOLD VOLUME IS SURPRISINGLY LIGHT FOR WHAT IS GOING ON IN THE BACKGROUND


IT WON'T SURPRISE ME IF 'THE BOYZ' SOMEHOW KNOCK GOLD DOWN HERE DESPITE THE FALLING DOLLAR


ANYTHING IS POSSIBLE RIGHT NOW!
But you all know where cash gold is going eventually,
and not very long from now. This whole economic
situation is now at CRITICAL MASS.
Just add PAKISTAN to the mix, and you've lit the fuse
for nuclear war at some point.

DOLLAR FALLS TO .8476, GOLD VOLUME FAIRLY LIGHT NOW WITH LIMITED TRADING RANGE


Gold has dropped even lower than shown here
by a little



The dollar could just collapse, which could drive

gold through the roof here, yet it's falling again

right now as I type.

Bonds down,

Euro up

Oil up

Dow up about 50 points

Nothing is making any sense, so don't try to find any.

THE PULL BACK


VERY STRONG RALLY FROM THE SELL OFF ON MODERATE VOLUME, NOW ANOTHER PULL BACK


These markets are strictly for 'experienced' traders
and gamblers now. Even an experienced trader is going
to get reamed if he's not very quick to take profits when
he has them. No long term holds anymore, unless you manage
to 'pick' a bottom and hold on for the long ride up,
but there will be so many ups and downs along the way that
it will drive you nuts have a profit and watching it dissappear
time and again. I believe in trading quickly and looking for the
next opportunity. The best way for the average person is just
to buy your gold coins at a low, and hang on.
This market is going to get even crazier in just a few days or weeks
as the collapse of our economy is only weeks away.

BIG SELL OFF ON THE CRIMEX OPEN, COULD GO LOWER, OR RALLY BIG RIGHT HERE


Dollar has dropped hard to a low of .8481,
currently up a bit at .8508

GOLD RETRACES 75% OF PART OF THE DOWN MOVE FROM THE TOP


GOLD RETRACES TO THE 1ST 75% RETRACE POINT AND FALLS OUT OF THE UPTREND CHANNEL (white line)


FRIDAY 4/24/09 4:42AM PDST GOLD DOUBLE TOPS AND PULLS BACK


Thursday, April 23, 2009


GOLD STILL TRADING WITHIN THE DOWN FLAG


Notice that gold reached up to the trendline that
was created using two previous tops, and respected
the line as resistance

GOLD PRICE IS NOW ABOVE ALL BUT THE 40 AND 50 DAY MAs


DOLLAR FALLS FURTHER TO .8584


GOLD CONTINUES TO FALL IN AFTERNOON TRADING


GOLD MOVES DOWN INTO THE CLOSE


GOLD FALLS INTO THE CLOSE AS PREDICTED, WILL IT MAKE IT TO 9008?




GOLD MAY FALL MOVING INTO THE CRIMEX CLOSE


Bonds up
Dow moving up but still off 5 points from yesterday
Euro up
Oil up
Yen sort of sideways
Dollar falls even lower to . 85955
Falling dollar, if it's not boosted by the PPT, should
help gold rally AFTER it pulls back into the close.
IF...gold manages to make a high above the right shoulder
it will have to break up and out of the down flag to do it.
That 'might' negate the sell off I predict, but doesn't mean
that gold will make a much higher high than the 910 we
already achieved today.
Tonight is another story

AND NOW THT H&S PATTERN RESOLVES DOWN


POSSIBLE HEAD&SHOULDERS PATTERN DEVELOPED



Dollar moves back down to .8606
Euro, Dow, Oil moving down again
Bonds moving back up





Because the last move up was shallow, it is


about time for gold to move down on profit taking

GOLD JUMPS AGAIN ON OVER 1,000 CONTRACTS


Dow and Oil turn up

DOLLAR FALLS TO .8606