Wednesday, June 10, 2009


2:15PM PDST AFTERNOON GOLD CLOSE




GOLD RALLIES


GOLD DROPS 75% OF THE MOVE UP FROM TODAY'S LOW, DOLLAR UP TO .8067


Euro, Yen, Oil all down
Dow still down 90
Bonds now chopping sideways near their lows
Gold moving back up on moderate volume as dip buyers
move in

DOLLAR A TOUCH HIGHER, DOW OFF 90, BONDS BACK DOWN NEAR THEIR LOWS


Euro, Yen still near their lows
but gold is not plummeting, but has retraced back down 50%
of the up move from today's low

JUNE DOLLAR AT A NEW HIGH AT .8055

Gold now moving a bit lower

DOW DOWN 75, EURO, YEN, OIL DOWN, DOLLAR NEAR HIGHS OF DAY


Gold sold off going into and on the close, sold off a bit more, then rallied a bit
but didn't go far before pulling back in a tight range.

Already volatile markets were moved even more radically as a result of
the ten year bond auction which apparently drove bond yields higher as the
bonds sold off.

Gold now moving lower with wild up and down trading in one minute
intervals where gold falls, then rises all the way up, only to fall right back down in
a $2 dollar range.
The thin blue bottom line of the uptrend channel seems to be a support area for now

GOLD CONSOLIDATING NEAR ITS CURRENT HIGHS, COULD MOVE HIGHER


THE LARGER VIEW


Bonds now moving higher
Dollar just off its high of .8048

JUNE DOLLAR MAKES A NEW HIGH AT .8048


This is all about the bond auction but I don't have the particulars yet.
Bonds barely bounce and are back down on the lows
Gold is moving up as a hedge against inflations which is apparently what
the bond auction is predicting.
Gold making more highs

GOLD RALLIES AND MAKES NEW HIGHS NEAR THE 75% RETRACE POINT, BUT IS NOW PULLING BACK


BONDS DROPPING PRECIPITOUSLY

Dow drops 50 points
Bonds bounce
Gold sells off but rallies back
Euro, Yen, Oil all move down a bit
Dollar gets a goose back up near its highs

GOLD SHOULD CONTINUE RISING THE REST OF THE DAY AND ESPECIALLY OVERNIGHT


Pull backs to be expected along the way back up, but
nothing too severe unless 'the boyz' at Crimex attempt
to knock gold back down coming into the close. Even then,
I think gold will continue higher this afternoon

GOLD HAS A DECENT RUN UP ON OKAY VOLUME, DOLLAR PULLS BACK


Euro and Yen pull back
Bonds make a new low
Dow around even
Oil moving up after a brief pull back

THE WHITE DOWN FLAG SHOULD RESOLVE UP


GOLD RETRACED UP TO THE 75% POINT, NOW A PULLBACK, THEN HIGHER


Dollar pulling back
Dow, Oil, Euro move up
Bonds down

GOLD MOVES A BIT HIGHER AS DOLLAR SLIPS




Oil moving higher

Euro turns up

Bonds down

Dow has fallen to even, now may move back up

GOLD ATTEMPTS TO RISE INTO A FALLING EURO AND THE DOLLAR ON ITS HIGHS


DOLLAR GETS ANOTHER GOOSE AND GOLD TANKS DOWN BELOW THE ULTIMATE 75% RETRACE POINT, IS NOW RISING




How far can gold be knocked down before buyers move in?

We're finding out right now.

I think this is about it for the sell off.

The dollar rally is a total manipulation

WILL THIS DOUBLE BOTTOM HOLD? I HOPE SO


DOLLAR GET GOOSED BACK UP TO ITS HIGH

NORMAL TO HAVE A PULL BACK HERE AFTER A $5 RUNUP, THEN HIGHER


Oil runs back up to its high
Dow turns down
Bonds pulling back after their good runup
Euro pulling back a bit
Euro and Gold should turn back up
Dollar off its high, but not falling fast enough for me

GOLD NOW HEADED BACK UP AFTER DOING ITS LAST DIP DOWN TO THE 75% RETRACE POINT, DOLLAR STARTING TO SLIP


Euro, Oil moving up
Bonds turn down

GOLD ATTEMPTING TO BUILD A BOTTOM HERE, BUT DOLLAR IS STILL ON ITS HIGHS


DOLLAR GOOSED HIGHER, LOTS OF GOLD SELLERS, EURO MOVING LOWER, DOW, OIL MOVING LOWER


DOLLAR GOOSED UP HARD, BONDS RISING, EURO, OIL, DOW MOVE LOWER


Gold should retest the low, or even go lower,
before rallying...IF... it rallies here.
Could go much lower if the dollar keeps getting goosed

GOLD TANKS JUST AS THE DOW OPENS, HOW CONVENIENT!


Dollar boosted higher at the same time.
PURE CO-ORDINATED MANIPULATION!

EURO TURNS DOWN AGAIN, GOLD JUMPS ON VERY LIGHT VOLUME, THEN FALLS BACK, A TOTAL GAMBLER'S MARKET


GOLD GETTING READY TO FALL


Gold drops below the yellow uptrend channel, bounces,
then goes weak
Bonds chopping sideways on their low
Dow recovers a bit
Euro moves up a touch
Yen seems dead, barely moving and going sideways in a range
Dollar off its recent high, but still very volatile
Gold may form a ledge here and fall lower

BONDS AND OIL TURN LOWER, DOLLAR BEING HELD UP ON FART GAS


Euro and Oil falling, Yen sideways
Dow coming down
Dollar, Bond, Gold very volatile
impossible to quote accurately as they are jumping
up and down so fast due to PPT manipulation of the dollar

GOLD GOES INTO A TRADING RANGE WITHIN THE RED DOWN FLAG, A BREAKOUT UP OR DOWN IS COMING

I'm thinking 'they' will knock it down to keep it from exploding higher
DOLLAR HAS BUILT A LEDGE TO FALL FROM
BONDS TURN UP
Not much else is moving.
Euro, Yen still down and quiet
Dow slipping lower

GOLD STARTING TO GET WHACKED, DOLLAR BEING PUSHED UP BUT NOT VERY WELL

NEW RED DOWN FLAG LINES DRAWN


Bonds keep moving lower, very serious for interest rates
and economy

GOLD RISES ON LIGHT VOLUME, WILL GET KNOCKED DOWN


EURO, YEN, BONDS STILL MOVING DOWN
DOW EASING
DOLLAR UP A BIT, BUT VERY VOLATILE
GOLD WILL BE LOWER VERY SOON,
THEN MAYBE A GOOD RALLY WHICH
WILL ALSO GET SOLD OFF EITHER FAST OR
VERY SLOW ALL DAY

THE PRESSURE SEEMS TO BE ON GOLD AHEAD OF THE CRIMEX OPEN


Gold will probably get hit on the opening down to the bottom
red or yellow trend line, then a good rally maybe breaking
to new highs out of the red down flag.

BONDS TURN DOWN, ARE AT THEIR ULTIMATE LOWS ON A DAILY BASIS,


EURO, YEN, BONDS ALL TURN DOWN, GOLD AND DOLLAR TRADING WILDLY, ESPECIALLY DOLLAR


Dollar should get a goose off its lows to keep gold down

TWO POSSIBLE MAJOR UPWARD RETRACE POINTS


GOLD AND DOLLAR MARKETS VERY VOLATILE


Dollar has similiar pattern in reverse
Bonds have been falling, but just turned up
Dow has been way up overnight, more than 100 points
but coming down
Euro on new highs
Oil making new highs at 71.65
Crimex open should be wild trading and very dangerous

GOLD SPIKES TO AN OLD HIGH AND PULLS BACK IMMEDIATELY, DOLLAR SINKS




Tuesday, June 9, 2009