GOLDTRADER'S GROUP

Thursday, April 30, 2009

BONDS, EURO MOVE HIGHER, DOW LOWER, DOLLAR AT .8486

Gold falling out of the new blue uptrend channel

RED DOWN FLAG RESOLVES UP

Given today's ability by gold to move up off

the 'manipulated' sell off (see UWM's comments

I posted on GoldtraderComments blog)

it appears that gold may be moving up from here

the rest of the day, IF it doesn't get smashed again

by the bullion banks before the Crimex close.

The higher it goes though, the more susceptible

it becomes to a sell off, which 'should' be rebought

at the bottom

GOLD PULLS BACK TO THE TOP BLUE LINE OF THE TRADING RANGE FOR SUPPORT AND FINDS IT

Gold retests the blue line AND the lower white
line of the uptrend channel and finds support
again
Bonds up
Dow, Oil and Euro moving down
Dollar moves up form .8466 to .8489

GOLD BREAKS UP AND OUT OF THE TRADING RANGE

BONDS PLUMMET, YEN FALLS, OIL UP, EURO UP, DOLLAR AT .8473

Gold volume still very light.

GOLD BEGINNING TO LOOK GOOD TO THE UPSIDE EVEN WITH THESE LIGHT VOLUMES

Bonds have fallen again, but remember that

means people are NOT running to bonds for

safe haven. Maybe gold will receive them into

its waiting arms...

Ooops! Bonds just rallied

Dow, Oil and Euro all rising

Yen falling

All good for gold.

Dollar slips lower to .8478

GOLD IS SIMPLY STUCK IN A TRADING RANGE BETWEEN 8815 LOW AND 8856 HIGH

GOLD TEST 8815 LOW VERY HARD AND FINDS BUYERS ON MODERATE VOLUME IN THE RALLY

Gold rallies 75%, but volume is light again.
At least gold is finding support in the 8815 area.
The Indicator markets are NOT adverse to gold
rising, but aren't really supportive of it either.
Gold is just doing its own thing for now
Dollar is at .8484, the low
Bonds and Dow are falling
Oil sideways to up
Euro moving down slightly right now

GOLD PULLS BACK, BUT FINDS BUYERS

Gold finds buyers at the 8816 level where
support has been this morning.
Volume is still ridiculously low.

DOLLAR SLIPS TO .8487

Euro still rising
Dow rising
Oil pulls back from its run up

GOLD VOLUME VERY LIGHT NOW, BUT GOLD KEEPS FIGHTING BACK UP

Gold jumps higher on only 100 contracts the
first minute and rises to the recent high at 8855
Should move higher, but how fast?

Euro is rising

Dow and Oil higher

Bonds plateau at the top of their last run up

Dollar slips to .8492

GOLD IS GOING TO 'STAIR STEP' BACK UP AND WHEN IT GETS HIGH ENOUGH, IS GOING TO GET THE LEGS KICKED OUT FROM UNDER IT AND FALL ON ITS ASS

Euro moving up
Bonds stall
Dow rises steeply, falls right back and is now
up only 103 and rising again
Oil rising again
Dollar looking toppy at .8498

UPDATE: EURO, OIL, DOW ALL MOVING UP, BONDS FALLING AGAIN

Gold forming a tiny down flag at the top of this last rally
which should resolve UP... and does move higher, but

painfully slowly and gradually.

This is worse than going to the dentist!
Dollar slips to .8497 because the PPT can't keep it suspended
in air forever.

DOLLAR MAKES ANOTHER HIGH AT .8514

Euro still moving lower
Oil wavering near its lows
Dow still slipping, now up only 70 points or so
Bonds holding in a trading range but not falling
anymore but have recently taken out previous
intermediate lows yesterday and may go lower.
And will eventually crash driving interest rates
through the roof