
Tuesday, June 9, 2009
GOLD DOESN'T MANAGE TO MOVE HIGHER IN AFTERNOON TRADING, EVEN WITH A SINKING DOLLAR
GOLD RISES ON VERY LIGHT VOLUME

A pull back on only 75 contracts is enough to distort the charts
for those who don't follow VOLUME on all these moves.
Afternoon trading is done on much lower volume that during the
Crimex session. Mostly single digit volume per minute for most
of the afternoon.

Gold moves up to the previous high at 9578 and turns back
The strength of gold in fighting back through this massive
manipulation is impressive.
Where do you think gold would be if there wasn't any manipulation?
DOLLAR FALLS THROUGH .8000 AGAIN
JUNE DOLLAR READY TO BREAK THROUGH .8000 AGAIN, IT'S AT .8002 RIGHT NOW AND HAS BEEN SINKING ALL DAY
THE MANIPULATION ON THE CRIMEX TODAY IS BEYOND THE BELIEF OF NORMAL HUMAN BEINGS, IT'S LIKE A BANK ROBBERY IN PLAIN SITE WITH NO GUNS PRESENT
GOLD GETS HIT FURTHER ON MODERATE VOLUME, BUT MANAGES TO RALLY OFF THE LOW
GOLD HITS THE FIRST 75% RETRACE POINT AT 95940, SHOULD JUST KEEP RISING
Euro making new highs
Yen moving higher
Oil moving up
Dow even, cutting previous losses
Bonds still moving lower
Yen moving higher
Oil moving up
Dow even, cutting previous losses
Bonds still moving lower
EURO MAKING NEW HIGHS, GOLD SHOULD MOVE UP NOW
Gold is simply enduring the usual gold bashing and surviving
it quite well today
Dollar sinks to another new low
it quite well today
Dollar sinks to another new low
GOLD SPIKES HIGHER AS DOLLAR DROPS FURTHER, A PULL BACK HERE THEN HIGHER
Gold spikes up to the top thin blue uptrend line
and pulls back, now higher
Gold appears to find support on the THICK blue
top line of the intermediate uptrend channel which
it just exceeded.
Dollar falling hard
and pulls back, now higher
Gold appears to find support on the THICK blue
top line of the intermediate uptrend channel which
it just exceeded.
Dollar falling hard
POSSIBLE HEAD & SHOULDER PATTERN DEVELOPING, RESOLVES DOWN
NO STRENGTH SHOWING IN THE DOLLAR, EURO, YEN PAUSING AT THEIR HIGHS, BONDS TURN BACK UP, DOW UP 10

Very tricky place to trade gold, it's too high to go long,
and pausing too long at the first 75% retrace point to go
short (never short gold!)
Just wait for gold to resolve in a certain direction to see
where it's going.
The dollar is in big trouble and could collapse, driving gold
much higher a la the Armstrong prediction
DOLLAR STRUGGLING BACK UP, EURO, YEN TOPPING FOR NOW, OIL STILL NEAR ITS HIGHS
DOLLAR NEAR ITS LOWS, EURO EDGING UP AGAIN, GOLD COULD SPIKE TO 974, ANOTHER 75% POINT
GOLD MOVES HIGHER NEARING THE NEXT 75% RETRACE POINT AT 96040, MAY JUMP UP THERE QUICKLY AND RETRACE HARD ON THE CRIMEX OPEN
Monday, June 8, 2009
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