Wednesday, February 4, 2009
12:26PM PST SO, GOLD DOES RALLY IN THE AFTERNOON!
I guess all gold has to do to go up is get the hell
out of NY.
11:16AM PST GOLD HEADS BACK UP BUT IS STOPPED AT THE PREVIOUS HIGH
Maybe gold will rally this afternoon.
Nothing else indicates anything usable right now.
Dollar hits .8622, the most recent high,
currently at .8615
Trying to tell where these markets are going
is like herding cats....can't be done.
Oil and Dow falling should be pulling gold down,
so it rises of course.
I'm going to open a gypsy fortune telling stand
out on the highway. Should be easier than this.
10:59AM PST GOLD TAKES A DIP TO TEST THE LOW, NOT LOOKING TOO STRONG TO ME
All the other indicator markets I quote regularly
are down...not helping gold.
Dollar up some. Just hit .8615, currently .86125
Gold will do what it's going to do until tomorrow.
I'm going to bed.
9:54AM PST GOLD DOESN'T MOVE HIGHER, SO IT COLLAPSES
As we get closer to the NY day close, gold will
now have a tendency to sell off.
9:29AM PST GOLD IS TIGHTENING UP AND WILL BREAK FAIRLY HARD ONE WAY OR THE OTHER
The markets are lining up again for an up move
in gold, but the manipulators are hell bent to
keep gold down.
8:40AM PST GOLD MOVES UP TO THE 75% POINT
Gold quickly pulls back after touching the 75%
retrace point at 90930
It may find support on the top line of the down
flag and move back up.
Volume is light
8:28AM PST THE MARKETS ARE LINING UP AGAIN IN FAVOR OF A GOLD SPIKE
Gold is making higher lows and testing the
upper downtrend line. It may run up and spike
higher.
Dollar is all over the map in a fairly tight range
today but is slipping lower right now
8:00AM PST GOLD PULLS BACK 75% WITHIN DOWNFLAG
gold is also near the top line of the old downflag
where it should find support. It is also near
the bottom of the present short term down flag
which should resolve up.
7:17AM PST EVERYTHING IS IN LINE FOR A BIG UPSPIKE IN GOLD
Dollar down to .8558
Euro up
Yen down
Oil rising
Dow rising
Bonds bounce off the bottom, but are now
slipping again. When will the bond market crash?
7:00AM PST GOLD MAY PULL BACK AND CONSOLIDATE BEFORE MOVING HIGHER
Dollar is down to .8588
Bonds plunging
Dow moving up
Euro rising erratically
Yen drops well
Oil moving down
Gold pulls back a quick 50% of the last upleg.
Will it move back up?
6:52AM PST GOLD MOVES HIGHER HITTING THE 50% RETRACE POINT OF THE WHOLE DOWN MOVE FROM 93130
75% retrace point for this whole down move
from 93130 is at 921.
It also rises above the rightmost Shoulder
of the H&S Pattern which is being violated and
negated to some degree.
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