Friday, May 29, 2009

2:15PM PST AFTERNOON CLOSE FOR THE WEEKEND


Dollar drops to .79255 on the gold close, the low for the day.
More charts later this evening.
DON'T WASTE ANY TIME GETTING YOUR HOUSES IN ORDER
AS THE COLLAPSE IS NOW MOVING INTO HIGH GEAR AND
SHOULD START RESULTING IN FOOD RIOTS AND MORE
CRIME AND THEFT (physical confrontations in public as well as
home invasions) TO OCCUR MORE THAN EVER.
Secure your property AT ALL TIMES,
Don't carry what you can't afford to lose on your person EVER.
Keep your cash money at a minimum, BUT, have at least some
'reasonable' amount to fork over to a robber so he/she will feel
they have gotten 'something' for their efforts. Otherwise, they
might just be frustrated enough to KILL YOU.
NEVER RESIST A ROBBER....GIVE THEM SOME MONEY!
But NEVER, go to a SECOND LOCATION (that is where you will
be raped and killed). Better to fight back where you are and possibly
attract help, than be relocated at gun point to be done with as they wish
with you.

DOLLAR DROPS TO .7926 NEAR THE GOLD AFTERNOON CLOSE AT 2:15PM PDST


Gold is still toying with 98090 as the current high to surpass.
Less than 10 minutes to go until the afternoon close with the
dollar on its low for the day and not showing one iota of
strength today.
Gold just jumped to 981 where about 35 sell orders have been
sitting for a long time with about 30 or more sell orders above
it broken into different prices.
BE SURE TO READ CIGA KEN'S ADVICE (on JSMINESET.COM)
TO STOP TRADING AND HANG ON TO YOUR GOLD POSITIONS FROM HERE ON.
IF YOU ARE SILLY ENOUGH TO TRADE WITHOUT THE
NECESSARY EXPERIENCE OF YEARS OF TRADING, THEN
AT LEAST, KEEP NO LESS THAN ONE THIRD OF YOUR POSITION
IN GOLD IN PLACE AT ALL TIMES WITH SUFFICIENT MARGIN TO
WEATHER ANY PULL BACKS (I doubt any will be very deep).
IF YOU HAVE CASH GOLD, PUT IT IN A SAFE PLACE WITHIN YOUR
PHYSICAL REACH (NEAR YOU AT ALL TIMES AND NOT IN SOME
BANK VAULT) AND FORGET ABOUT IT. IN DUE TIME, IT WILL
SAVE YOUR LIFE!

GOLD BREAKS UP OUT OF THE RED DOWN CHANNEL AND RETRACES UP 75% OF THE DOWN LEG FROM 982


Now, another high, or does gold retrace back down 75%
of this up move?
Dollar is at .79334 near the day's low at .7927.
Bonds are way up.
Dow is way up...up 137 or so on the close.
Yen is turning down a bit
Euro is sideways to down from its highs.
One hour to go until the close for the weekend.

GOLD TRADING LOWER THIS AFTERNOON, BUT COULD MOVE UP AT ANY TIME



Dollar at .79465
Bonds much higher
Dow moving down, now down 8
Yen moving up
Euro up a little
Oil on its highs at 66.45

GOLD JUMPS ON 1,390 CONTRACTS ONE MINUTE BEFORE THE CRIMEX CLOSE, THEN FALLS BACK AND LOWER INTO AFTERNOON TRADING


Dollar at .7944 at the Crimex close
Oil drops to new lows at 65.20
Euro and Yen hold their own
Dow up 24
Bonds still climbing with no pull back
Gold may rally in the next hour of afternoon trading
and even make a new high

DOLLAR DROPS AGAIN TO .7939, GOLD HAS A QUICK RALLY BUT FALLS BACK QUICKLY


Bonds still climbing with almost no pull back
Euro and Yen looking strong again
Dow at break even
Oil in a trading range and on the low side of it
Gold is slipping approaching the Crimex close

GOLD BREAKS BELOW 9871 BRIEFLY WHERE IT HAS BEEN FINDING SUPPORT, MAY GO LOWER INTO THE CRIMEX CLOSE


Gold down to 9765 (not shown)



Dollar moves up to .79555, currently at .7952

Euro turns down a bit

Bonds climbing well

Oil giving up almost $2 from the high

Dow down 11

Gold looking like it wants to move lower, but could rally

after the Crimex close.

The red down flag may resolve up after gold moves down to

the 75% point at 97630

GOLD MAY DROP, DOLLAR RISES TO .7948, EURO FALLING


DOLLAR FALLS LOWER TO .7927

DOLLAR SINKS TO ANOTHER NEW LOW AT .7936


Euro and Yen move higher
Bonds push a little higher
Gold makes a new high at 982 and is nearing
another shorter term top line of the purple uptrend channel
and is staying above the top white line of the longer term
intermediate uptrend channel where it seems to be finding support

GOLD TRIES FOR A TRIPLE TOP BUT DOESN'T QUITE MAKE IT...YET



If gold does hit the top again, it might just go through to new

highs, although the volumes are starting to lighten up a bit

and gold seems to be consolidating in this new trading range

after a terrific run up last night and today. The dollar is simply

horrific, so gold could simply explode at any time.

DOLLAR DROPS EVEN FURTHER TO .79405

DOLLAR DROPS TO .7945, GOLD MAKES NEW HIGH, THEN PULLS BACK


Euro and Yen move a bit higher
Dow up 28
Oil moving up after a brief pull back
Bonds on the highs of its current trading range which is
still not much above the lows recently made by the bonds

GOLD STARTING TO MOVE LOWER


Dollar up to .7979, currently at .7973

GOLD APPEARS TO BE HEADING LOWER FOR NOW


Dollar moves up to .7965
Euro and Yen turn down
Oil near its highs
Dow turns down on its open. But still up about 25 points
Bonds are testing their lows

A NEW HIGH ON THE WHITE TOP UPTREND LINE, DOLLAR KEEPS SINKING LOWER


NEW HIGH VERY NEAR THE TOP WHITE LINE OF ANOTHER INTERMEDIATE UP TREND CHANNEL


Dollar sinks lower to .7948
Euro and Yen move up
Oil pulling back a bit after new highs in the 66s
Stocks turn down
Bonds fall back to their lows

GOLD PUSHES UP TO A NEW HIGH AND PULLS BACK QUICKLY




A MINIMAL PULLBACK ON THE 1ST RALLY OFF THE LOW, BUT STILL SLUGGISH RE-RALLY HERE ON MODERATE VOLUME


Dollar down to .79575
Yen rising
About 60 sellers sitting on the 75% retrace point at 9769

GOLD FINDS SUPPORT AT THE BLUE LINE AREA AND RALLIES GRUDGINGLY


The buyer volume is NOT extreme like you would see if
gold was going to explode higher. The gold basher bullion
banks are putting a cap on the gold price for today at the
980 level.
Euro, Oil, Dow turning lower
Bonds rising
Dollar is slipping lower again, currently at .7962

BUYERS SEEM TO BE SCARCE AT THIS LEVEL, MAY HAVE TO GO LOWER TO FIND THEM


Gold thrashing up and down after the initial sell off.
Will probably go lower to find buyers. Volume is oddly lower
that you would expect at this time.



Sellers will increase as gold fails to go higher

Dollar at .7966...up off the lows a bit.

VERY FAST MARKET.

WILL BE DIFFICULT TO POST TIMELY CHARTS.

GOLD FLOPPING UP AND DOWN IN TOO TIGHT A RANGE TO TRADE, VOLUME EASING UP NOW.


Wait for the Crimex open to do its thing, which should be
violent this morning in both directions.
I think the shorts are in big trouble now.
Dollar getting the first rise after dropping all night.
Simply PPT interference and some bottom pickers who
are willing to risk trading worthless paper.

GOLD PULLING BACK AHEAD OF THE CRIMEX OPEN


The gold bashers must be hard at work already

EURO ABOVE 1.40, OIL HITS 66.25, DOW/S&P UP

SEPT BONDS (new front month) rounded over, but
have just moved higher, but are still very much near
their over all lows.

Stocks are rallying on the cheap dollar, and will be paid
off in those cheap dollars too! That is if you have anything
left to be paid off. Stay away from all stocks, except certain
gold stocks. Stay away from the gold ETFs. They may not
have real gold behind them. You're only trading paper until
you get cash gold in your hands.

A DECENT PULL BACK, BUT THERE WILL PROBABLY BE MORE BEFORE THE CRIMEX OPEN


The blue line should offer support, but nothing is certain
except that gold is going to go to $1000 very soon and then
much higher as the dollar is collapsing. currently at .7958
with a low at .7951 It has simply collapsed overnight.

GOLD WILL TURN AROUND AT SOME POINT, BUT DON'T SHORT IT, OR YOU WILL GET WIPED OUT!

WAIT FOR THE REALLY BIG DIP TO BUY IN!
Gold is moving way too fast for any but the most
experienced trader. And even then, it is a deadly
game if you are not lightning quick to buy and sell.

The best plan is to buy cash only and just hold.

Traders can buy a contract with LOTS of margin money
behind it on a good dip, and let it ride.

Close stops will almost definitely be hit and guarantee
you wasted your money. Taking profit too soon, will
cheat you out of enormous profit per contract for the
rest of the year and longer.

GREED WILL KILL YOU!

GOLD BREAKS OUT ABOVE THE BLUE INTERMEDIATE UPTREND CHANNEL


The top blue line should become support, but after such
a run up over night, the Crimex gold bashers will do their
dirty business on the open, unless they break and run to
cover their short positions, in which case, gold should explode!
THIS IS DEFINITELY NOT THE TIME TO SELL YOUR CASH
GOLD FOLKS! IT IS YOUR SURVIVAL INSURANCE FOR
WHAT'S TO COME

AND YET ANOTHER HIGH!

AND ANOTHER HIGH

AND ANOTHER HIGH

Thursday, May 28, 2009

GOLD MAKES A NEW HIGH BEFORE MIDNIGHT PDST


Gold is now up ONE HUNDRED DOLLARS since April 19th.

DOLLAR DROPS TO .8024 AND GOLD JUMPS UP QUICKLY TO 9659, THEN PAUSES


6:32AM PDST GOLD SUDDENLY JUMPS QUICKLY TO 96540 ON MODERATE VOLUME (for this time of day)




Euro and Yen are moving higher

Dollar has been slipping lower to .8040, currently at .8049

2:15PM PDST AFTERNOON GOLD CLOSE


NOW THE GOLD BASHERS MOVE IN TO THE AFTERNOON TRADING AS BEFORE




GT is going to take a nap and watch the market at the same

time. Fewer charts for awhile, unless something major happens.

DOLLAR MOVES BACK UP TO .8057, EURO FAILS TO MAKE A NEW HIGH, DOW UP 75


Gold moving lower in the red down channel with the occasional
upside fake out.
Very volatile markets yesterday and today.
Dollar is in convulsions along with bonds.
Stocks starting to trade violently up and down.
All signs of the collapse of the economic system very soon
as nothing can find its TRUE VALUE in a phoney system.
So much for Guv'min't Management of anything, let alone
markets.

DOLLAR DROPS TO .8039, EURO SPIKES UP TO ITS HIGHS


Gold drops, then rises into the Crimex close, then falls on the close

DOW REVERSES, NOW UP 75, BONDS RALLY A BIT, DOLLAR SINKS TO .8054


Oil makes new highs in the 65s
Looks like we may have a big sell off of gold in afternoon trading
like yesterday.

GOLD BUILDS A LEDGE TO FALL FROM, BUT INSTEAD MOVES UP


BONDS FALLING HARD AGAIN, DOW FALLING TOO, DOWN 40

Oil up and down on its highs
Euro moving down
Yen gradually lower

GOLD BREAKS UP AND OUT OF THE RED DOWN FLAG BUT FAILS TO GO HIGHER FOR NOW


Dollar rises more to .8073


Gold is now falling through the support area of the white

and red trend lines

Dollar slips below its recent high at .8065, currently .8059

Bonds lower, Dow going negative again at down 20.

Gold falling more than shown here.