Monday, June 8, 2009

GOLD MOVES HIGHER THROUGH THE 75% POINTS


DOLLAR WEAKENING, YEN MOVING DOWN, OIL MOVING UP


GOLD GETTING CLOSER TO THE BOTTOM WHITE DOWNTREND CHANNEL LINE, SHOULD FIND SUPPORT THERE


168 SELLERS SITTING AT 948
They all get bought

GOLD DROPS ALMOST 75% OF THE MORNING'S UP MOVE, COULD RETEST THE LOW, OR EVEN GO LOWER


Gold probes lower
NEW RED UP FLAG LINES DRAWN to include the newest
low just made



Dollar edging up

Euro and Yen NOI moving down

Dow still down about 77

No reason for gold to drop....but?

GOLD MOVES BACK UP ON CONVULSIVE PULSES OF DECENT VOLUME


GOLD DROPS ALMOST 100% OF THE LAST UP MOVE AND LOOKS WEAK


Sept Dollar is down a bit at .8160
Dow is off about 80
Euro, Yen are moving up
Oil steady
Bonds moving up
Gold building a little ledge to fall from?
but moves up a little and stalls

SEPTEMBER CURRENCIES WILL BECOME THE FRONT MONTH ON THE 15TH

I will be quoting SEPTEMBER CURRENCIES as my
real time prices have already rolled forward to them
and it's easier to just quote them now.
I only care about whether they are moving up or down,
not the actual price. I'm looking at trends on my Indicator
Markets.

POSSIBLE RETRACE POINTS, IF GOLD RISES


Right now gold is pulling back after testing the recent high
at 953

GOLD SELLS OFF AHEAD OF THE CRIMEX OPEN, BOUNCES AND STALLS


Gold rallies back up the sell off 75%



MONDAY 5:16AM PDST GOLD FALLS OVERNIGHT, UP FLAG RESOLVES DOWN




Dollar moving down

Euro up

Dow off 75

Bonds moving up

Oil in the 67s off its highs

Gold selling off into the open