GOLDTRADER'S GROUP
Daily commentary on GOLD TRADING as it occurs real-time in New York on the Comex Exchange.
Friday, September 26, 2008
THE BIG PICTURE SO FAR, HIGHER PRICES COMING
THIS WEEK'S GOLD ACTION
2:15PM PDST AFTERNOON CLOSE
1:13PM PDST GOOD DOW CLOSE AND GOLD DROPS THE FULL 75% TO 88370
12:39PM PDST A QUICK 400 CONTRACT SELL OFF TO A NEW LOW IN 2 MINUTES, AND AN EQUALLY QUICK RALLY AFTER
12:35PM PDST 75% RETRACE POINTS (in yellow) AS GOLD RISES BACK TO 92010
12:27PM PDST FIRST AND LAST 75% RETRACE POINTS
12:22PM PDST FIRST 75% RETRACE LEVEL HIT, NEXT ONE IS AT 89420 AND SO ON UP THE DOWN LEG TO THE LAST ONE AT 91180
12:04PM PDST AFTERNOON GOLD, SELLS OFF LOWER, NOW RALLYING, BUYING FOR SAFETY OVER THE WEEKEND?
10:50AM PDST GOLD YESTERDAY THRU TODAY, SOME PROGRESS MADE TODAY
10:45AM PDST THE DAY CLOSE
10:7AM PDST GOLD DROPS BACK TO THE LOW
9:46AM PDST GOLD RELUCTANT TO MOVE UP, UP FLAG RESOLVES DOWN
6:55AM PDST 100% RETRACEMENT SO FAR
8:42AM PDST ELITES HAVE TO BEAT GOLD DOWN AT ALL COSTS TO PREVENT DOLLAR COLLAPSE, THAT GAME JUST ABOUT OVER FOR GOOD
8:34AM PDST TOO MUCH QUICK PROFIT MADE TODAY TO RESIST TAKING IT, NOW THE BUYERS WHO BOUGHT THE TOP ARE BAILING OUT TOO, A $20 LOSS, OUCH!
7:35 GOLD BEING BEAT DOWN BY CBs DOLLAR UP A BIT, DOW RALLIES TO FILL OPENING GAP DOWN, EURO FALLING
6:57AM PDST CLOSE UP VIEW OF THE END OF THE DOLLAR..GOLD SHALL REIGN!
6:55AM PDST PANIC BUYING, PANIC SHORT COVERING, GOLD PULLS BACK WELL HERE, THEN HANG ON FOR A MOONSHOT!
6:37AM PDST VERY CAUTIOUS MARKETS, GOLD STOPS AT PREVIOUS HIGH, MAY PULLBACK A BIT THEN GO HIGHER, PEOPLE STARTING TO PANIC
6:21AM PDST STOCKS ABOUT TO OPEN DOWN, A GOOD GOLD PULLBACK, THEN A MOVE UP HIGHER?
6:08AM PDST GOLD USUALLY FALLS BACK TO THE PREVIOUS CLOSE PRICE (882), ALSO HAPPENS TO BE 75% POINT
GOLD GETTING READY TO SPIKE UP ON FINANCIAL PANIC
5:55AM PDST THE LARGER PICTURE, BLUE DOWN FLAG RESOLVES UP
5:58AM PDST DOLLAR FALLING EURO AND GOLD DOWN FLAGGING, STOCKS DOWN, BONDS UP, PULL BACK HERE THEN UP?
5:40AM PDST GOLD RUNS UP CAREFULLY APPROACHING SEVERAL STOPPING POINTS "RHINO HORN ALERT"
5:04AM PDST THE SELL OFF BEGINS?
5:54AM PDST MORE RALLY TO BE SOLD OFF SOON, MAYBE AFTER A SPIKE UP ON THE OPENING
4:47AM PDST THE MORNING PRE-OPEN RALLY TO BE SOLD OFF
4:33AM PDST CLOSE UP VIEW
4:31AM PDST GOLD OVERNIGHT
Thursday, September 25, 2008
4:30AM PDST THIS WEEK'S GOLD TRADING
7:09PM PDST GOLD DROPS BELOW THE UPTREND CHANNEL
7:06PM PDST GOLD RETRACES UP 75% AND IS NOW ON THE BOTTOM EDGE OF THE UP CHANNEL WHICH RESOLVES DOWN, THE BAILOUT WILL FAIL, PASSED OR NOT.
3:27PM PDST AFTERNOON RE-OPEN, UP FLAG RESOLVES DOWN
A LARGER VIEW
2:15PM PDST AFTERNOON CLOSE
AFTERNOON LARGER VIEW
1:13PM PDST HEAD & SHLDR PATTERN RESOLVES DOWN INTO UP FLAG WHICH RESOLVES DOWN..NOT ENCOURAGING
8:44AM PDST GOLD GETTING READY TO FLOP
8:18AM PDST GOLD DOESN'T SEEM STRONG AT ALL, JUST SPURTS OF BUYING THAT GET SOLD OFF AFTER A 75% RETRACE
8:05AM PDST GOLD RALLIES BUT LOSES STEAM AND NOW MAY SELL OFF BIG TIME
THE BIG PICTURE SO FAR
HOW ABOUT THAT CALL FOLKS? THIS COULD DROP TO 876 (75% OF THE MOVE UP FROM 73980 TO 926) SOMEBODY THINKS THIS "BAILOUT" DEAL WILL SAVE US..BULLSHIT!
7:26AM PDST WHAT DID I TELL YOU? I SEE THINGS AHEAD OF TIME..ANYTHING IS POSSIBLE IN THIS MARKET NOW
7:15AM PDST LINES REDRAWN BOTH DOWN FLAGS RESOLVE UP...BUT?
7:09AM PDST MINOR H&S NEGATED, BUT LARGE ONE STILL POSSIBLE, RED DOWN FLAG BREACHED
6:35AM PDST GOLD GOING DOWN?
THE MUCH LARGER VIEW
THE LARGER PICTURE, GOLD COULD RETRACE TO 847
‹
›
Home
View web version