THE LARGER PICTURE

2:15PM PDST AFTERNOON GOLD CLOSE

GOLD COULD FALL TO THE MAIN 75% RETRACE POINT AT 93840 AND THEN RALLY

Dollar rises to .8066

Euro and Oil turn down

Dow about even on the day so far

Bonds on the lower side of their trading range

BUYERS ARE AT THIS 940 LEVEL AND BELOW, GOLD SHOULD RALLY

GOLD COULD RALLY IN AFTERNOON TRADING

BONDS MOVING HIGHER, EURO TURNING UP, DOLLAR SLIPPING AGAIN

AHEAD OF THE CRIMEX CLOSE GOLD IS BEING PUSHED DOWN TO PAINT THE CHARTS WEAK AHEAD OF THE WEEKEND AND THE UPCOMING G8 MEETING

Dollar has been pushed up off its low of .8040 to .8055

Euro and Oil have pulled back a bit

Bonds are chopping sideways near their highs of today

Gold has retraced to the 75% point of this whole up move

off today's low. Now it should rally into the close

DOLLAR MOVES LOWER TO .8043, EURO CONTINUES MOVING UP

Gold should start moving up soon

GOLD RETRACES EXACTLY TO THE 75% POINT, NEEDS TO MAKE A STRONG MOVE UP NOW

Dollar drops to .8050

Gold should take off as dollar drops further

DOLLAR DROPS TO .8056

NEXT HIGHER 75% RETRACE POINT, 94790

GOLD REACHES THE FIRST 75% RETRACE POINT WHILE THE DOLLAR IS FALLING TO .8060

Some pull back here, then higher

Lots of sellers above 945 who just want to get out of their

loss positions from this morning on any rally, when they

should be holding on for the big rally coming up

GOLD SHOULD CONTINUE RISING FROM HERE

Oil, Euro Bonds all moving up

Dow also trimming previous losses, now about even on the day

Dollar got a brief PPT boost to a new high at .8095, but quickly

faded lower to .8070, currently at .8074

The whole manipulated early sell off is now coming unwound

and gold should manage to rise from here

GOLD IN A TRADING RANGE, FINDING SUPPORT HERE...SO FAR

If gold doesn't move up and out of this range it could fall

off what is becoming a ledge. This is all being constructed

INTENTIONALLY by the gold shorts who have shaken

the market this morning and are now taking advantage of

traders who don't have the balls to move back into gold strongly

GOLD WAS MAKING NEW HIGHS GRADUALLY INTO SELLING PRESSURE BUT JUST GOT HIT AGAIN

We can't have gold moving back up too quickly now, can we?

Such a sudden sell down is indicative of manipulation by

the bullion banks, NOT by normal traders.

They are just taking advantage of a skittish market that

THEY created earlier.

Dollar also got a goose back up to .80835 with PPT help

GOLD PULLS BACK BECAUSE IT SLOWED DOWN ITS RISE, SHOULD RE-RALLY SOON

Euro is still moving up gradually,

Dow trimming its losses, now down about 30

Dollar slipping lower, now .8070

It takes time for traders to get the balls to move back

into gold after such a violent sell off on heavy volume

A very stupid reaction, as they should see the opportunity

to buy in at an exceptional low.

OIL AND EURO TURN UP, DOLLAR OFF ITS HIGH A BIT, SHOULD START FALLING

Sept Dollar tops at .8091 but has pulled back to .8073

currently .8076

A LAST LITTLE SELL OFF, THEN A GOOD RALLY HIGHER, GOLD SHOULD CONTINUE HIGHER WITH THE USUAL PULL BACKS

BUYERS STARTING TO MOVE IN

This could be a ledge that gold could fall from only because

the shorts could keep slamming gold by sales from the bullion

banks. But how long can they keep doing that?

The dollar has been goosed well this morning, but how many

mornings now have you seen that, only to have it collapse

very quickly.

This is another Friday 'paint the charts' move to shake out

the market of weak longs so the shorts can cover and get long

before the BIG TURN AROUND coming up in the next 2 weeks.

MASSIVE ATTACK BY THE SHORTS (bullion banks/guv'mint) PROVIDING GREAT BUYING OPPORTUNITY

Gold near the lower line of the blue uptrend channel

Should rally from here

GOLD SLIPPING ON VERY LIGHT VOLUME AHEAD OF THE CRIMEX OPEN

GOLD MAY PULL BACK AGAIN BEFORE RALLYING STRONGLY EITHER BEFORE OR ON THE CRIMEX OPEN

This is nothing more than the usual early manipulation

to shake the market before the Crimex session.

This very well could be the right shoulder of the Inverse

Head & Shoulders Pattern shown on the larger charts

that should resolve UP.

VERY LIGHT VOLUME RIGHT NOW!

GOLD DRIVEN DOWN EARLY, SHOULD NOW RALLY

SEPT DOLLAR MAKES ANOTHER NEW LOW AT .7967

Gold has now retraced back up 50% of the way to 985, the last high before
attacking the previous intermediate high at 99210

SEPT DOLLAR FALLS TO .7978, GOLD RALLIES EXCEPTIONALLY WELL TAKING BACK MORE THAN THE SELL OFF

GOLD BREAKS OUT OF THE RED DOWN FLAG

POSSIBLE INVERSE HEAD & SHOULDER PATTERN DEVELOPING

THE PROFIT TAKING BEGINS

OVER 300 SELL ORDERS AT 960

GOLD RALLIES TO A NEW HIGH ABOVE THIS MORNINGS HIGH AT 9591

GOLD BLOWS THROUGH THE SELL ORDERS AT 958, RISES TO 9587, AND PULLS BACK

SELL ORDERS AT 958 BETWEEN 230 AND 280

Bonds, Oil, Euro, Yen all rising

Dow moving lower, up only 55 now

Dollar sinking hard

238 SELL ORDERS SITTING AT 958

SEPT DOLLAR DROPS TO .7998, GOLD BREAKS OUT OF THE RED DOWN FLAG

RED DOWN FLAG RESOLVES UP

DOLLAR FALLS TO .8008, DOW PULLS BACK, EURO STAYS UP ON ITS HIGHS, OIL UP

Dollar collapse is significant, as every rise is followed by

a collapse indicating the rises are simply PPT manipulation

and are TOTALLY ABNORMAL!

GOLD RALLIES 75% OF THE ENTIRE DOWN MOVE AS DOLLAR FALLS TO .8007, DOW RISES 80 POINTS, EURO MAKES NEW HIGHS

Gold is being limited by the top blue uptrend channel line.

Gold is slammed early in the Crimex session, as usual.

It struggled to rise at first, but finally took off on good volume.

It zipped past most of the stopping points until it reached

the 75% retrace point for the morning's sell off from the

early morning high at 95910 down to 94250.

A pull back from here is normal, but how far is the question.

Gold is still rising above the 75% point as I type, but be assured

there will be a good pull back soon.

DOLLAR FALLING, DOW UP 75, EURO RISING WELL

MARKETS REVERSING

Sept Dollar falling to .8045
Euro, Yen, Dow, Oil, turn up
Bonds move a bit higher
Gold has rallies up to the second
75% retrace point at 94920
May go higher, but be wary as a
further bashing could occur at any time.

BOND RALLY PAUSES, EURO, YEN TURN UP, OIL, DOW TURN DOWN

Sept Dollar is slipping from its high .80835
Currently at .8062

Gold weakening again, may fall lower

FRONT MONTHS CHANGE

GOLD IS AUGUST
OIL IS JULY
ALL OTHERS ARE SEPTEMBER (Dow, Bonds, Currencies)

SHORTS WILL BASH GOLD AGAIN AFTER SUCKING IN SOME LONGS

3,150 contracts in one minute on that last big hit.
The shorts are bashing gold to cover so that can get long
for the big up move coming soon, a la Sinclair/Armstrong

BONDS MOVE UP, EURO, YEN STILL DOWN, GOLD NOT THROUGH SELLING OFF

Gold will probably retest the low, may go lower, may even

go down to the next 75% retrace point at 93570

BONDS, EURO, YEN STILL FALLING, GOLD HIT HARD, RALLYING ON LIGHT VOLUME

JUNE DOLLAR UP TO .8034

ALL CURRENCIES USE SEPT AS THE FRONT MONTH NOW

GOLD RALLIES FROM THE SUDDEN SELLOF AS BONDS, EURO AND YEN CONTINUE TO FALL

GOLD MAY GET HIT HARD ON THE CRIMEX OPEN

GOLD MAY SELL OFF DOWN TO THE NEXT 75% POINT AT 93570 BEFORE RALLYING