2:15PM PDST AFTERNOON GOLD CLOSE

GOLD IS VERY LETHARGIC TODAY. MAY INCH HIGHER THIS AFTERNOON

GOLD SELLS OFF INTO, AND AFTER, THE CRIMEX CLOSE

VERY LIGHT VOLUME ALL DAY, EXCEPT ON THE

SELL OFF, WHICH WAS MANIPULATED.

Dollar got a bump up to .8000

DOLLAR MAKES A NEW LOW FOR THE DAY AT .7990

GOLD VERY QUIET JUST AHEAD OF THE CLOSE,
MAY SELL OFF DESPITE THE DOLLAR'S FALL

THIS IS NOT A CONVINCING RALLY TO ME, BUT THE EURO IS RISING AND DOLLAR SLIPPING A LITTLE

GOLD GOING DOWN SOME MORE, BUT HOW FAR?

Gold is showing NO strength today...but there will be

a bottom soon.

A clump of over 100 buyers is at 937 which corresponds

with the yellow uptrend line

GOLD SEEMS TO HAVE FOUND SUPPORT ON THE OLD WHITE UPPER DOWNTREND CHANNEL LINE FOR NOW

Volume is still too light and directionless

There are occasional bouts of good up volume, but it doesn't

carry gold very far.

The Indicator markets are in disarray, but generally not

supportive of gold right now.

Looks like we might have to wait until next week for gold

to make a major move unless something happens late in

this session, which could happen.

I closed my August gold longs last night for a tiny loss as

I got tired of waiting for gold to move up enough to get me

out with a profit.

I was losing too many opportunities for the many profitable

trades that occur every day because my funds were tied up

and I couldn't take the chance to do any trades in case gold fell further.

A thoroughly wasted two weeks.

But I now have my funds free to trade and am eager to take advantage

of the volatility that presents many opportunity for short term trades every day.

This market is for day traders and gamblers ONLY.

THIS AIN'T THE BOTTOM YET

Gold 'may' find support on the WHITE downtrend line

that gold moved above, but there is lots of room to move

down if traders start locking in their profits from this long

up move gold just dropped below.

Oil, Dow and Euro are moving lower

Bonds have pulled back from their highs in a down flag that

could resolve up.

Dollar has inched up and formed an up flag that resolves down

THREE WEAK RALLIES FORM AN UP FLAG THAT RESOLVES DOWN

Bonds moving down

Oil and Dow moving up

Euro pausing

dollar slipping a bit and trending down overall

Very hard to call this market here as gold is near its highs

and could get taken down before making any new highs

GOLD IS STAIR STEPPING LOWER ON LIGHT VOLUMES, A BIG DIP IS COMING

Gold has dropped through the first 75% retrace point and

has paused at the 2nd point at 9435 and rallied weakly twice

to 9456. A 3rd test of 9435 may punch through it and would

go much lower.

VERY LIGHT VOLUME, GOLD MAY FALL FURTHER

Volume does NOT indicate a rally here.
Gold is probably going down a good bit before the next rally

GOLD HITTING RESISTANCE AT 949

Blogger is very slow this morning...hard to post charts quickly

Wait for a big dip in gold before buying in.

Euro and Yen may be topping

Oil is falling

Dow is falling

Bonds rising

Dollar is moving down

2:15PM PDST AFTERNOON GOLD CLOSE

GOLD SHOULD MOVE HIGHER AS IT BREAKS OUT OF THIS DOWN FLAG

VERY LIGHT VOLUME RIGHT NOW

DOLLAR DROPS TO .8057, GOLD PULLS BACK FURTHER, BUT WILL MOVE HIGHER LATER

GOLD CONSOLIDATING AROUND 940 BEFORE MOVING HIGHER

DOLLAR DROPS TO .8069

GOLD MOVING UP ON BUILDING VOLUME NEAR THE WHITE DOWNTREND LINE

DOW UP 160, EURO RISING STRONGLY

BONDS MOVE HIGHER, DOW UP 130, YEN MOVES HIGHER, EURO TURNS UP, DOLLAR AT .8094

Gold hits 1st 75% retrace point and turns up

Gold still being pressured ahead of the Crimex close.

GOLD GETTING PRESSURE AS WE NEAR THE CRIMEX CLOSE

BONDS, DOW, OIL ALL MOVING MUCH HIGHER

OIL UP ON NIGERIAN PIPELINE BLAST
GOLD RISE BEING FOUGHT EVERY INCH
OF THE WAY WHICH WILL MAKE THE SPIKE
MOVE EVEN HIGHER

DOLLAR DROPS HARD, BONDS, DOW, EURO, OIL ALL MOVE HIGHER

GOLD GETTING READY TO SPIKE
GOLD IS NOW CONSOLIDATING JUST
UNDER THE DAY'S HIGH AT 940 AND
SHOULD BREAK HIGHER AS THE DOLLAR DROPS

AND IS DOING SO ON LIGHT VOLUME AS I POST THIS

HOPEFULLY, GOLD WILL CONTINUE UP IN THE RED UPTREND CHANNEL AND BREAK OUT ABOVE THE BLUE DOWN FLAG

GOLD MOVES HIGHER ON LIGHT VOLUME

Bonds are consolidating at their highs

Dow has spiked up out of its consolidation, now up 92

Euro has moved higher

Dollar is slipping back from its 'artificially' induced high

Gold has hit the last 75% retrace point of the recent sell off

and will pull back a bit before going higher.

The later in the Crimex session we get, the less likely gold

will spike during the session. We will probably get a good rise

in afternoon trading if gold stays here during the day session.

GOLD DROPS TO YESTERDAY'S CLOSE PRICE AS THE PPT GOOSES THE DOLLAR TO .8111

This is a temporary manipulation by the PPT to keep
gold from skyrocketing. You can see it because the
Dollar 'gapped' higher...very unusual trading except
when the PPT steps in with a large dose of dollar buying.

Gold will now move up on dip buying...OR... build a ledge

and be driven lower.

GOLD RETRACES MORE THAN 50% OF THE LAST UP LEG, MAY DROP TO 93520 BEFORE MOVING UP TO NEW HIGHS

GOLD PULLS BACK 75% BEFORE MOVING HIGHER

Bonds reverse and go up

Dow stalling at the top of its rise, may go higher

Euro drops 75% of its last up leg, but is now turning up

Oil still moving up

Dollar continues to slip gradually

GOLD MOVES UP TO THE HIGH AT 940 ON 1000 CONTRACT VOLUME, WILL GO HIGHER VERY SOON

GOLD STARTS ITS MOVE HIGHER, COULD SPIKE UP TO THE NEXT 75% POINT AT 95070

Gold stops at the blue downtrend line and may find support

on the top line of the red downtrend channel that has

just been exceeded to the upside

Bonds have fallen precipitously

Euro is rising cautiously

Oil moving higher

Dow rising fast, now up 40

Dollar slipping off its high at .8120, currently at .8100

GOLD SHOULD RESOLVE HIGHER OUT OF THE RED DOWN TREND CHANNEL

GOLD MAY SPIKE SOON

Up volume is good here. A little pull back from the 75% point

is normal. Then gold 'may' move up to the highs and spike.

The Indicator markets are turning in favor of gold in the Euro,

Yen and Oil. Dow is down, Dollar is up, but should fall soon.

This market is traded on gut feeling and experience as other

markets are trading to frantically to rely upon for viable

indications of what will happen.

The Euro skyrocketing and the Dollar collapsing are two fairly

good indicators, but even then, the manipulation by the Crimex

and the guv'mint is profound and can't be discounted.

All you really have from here on is the conviction that gold will

go up in the long run and the Dollar will collapse along with most

other paper currencies

GOLD SHOULD RESOLVE UP OUT OF THE WHITE DOWN TREND CHANNEL