DOW SELLS OFF ON THE CLOSE, DOLLAR DYING, CURRENCIES UP, GOLD IS HELD DOWN BEFORE THE LONG WEEKEND

BE SURE TO READ DAN NORCINI'S COMMENTS ABOUT

THE BOND MARKET COLLAPSE AT JSMINESET.COM

TODAY AND EVERY DAY.

ALL MARKETS ARE ON THE VERGE OF GOING CRAZY

NEXT WEEK AND THEREAFTER.

TIME TO PULL THE COVER OVER YOUR FOXHOLE AND

TAKE A NAP UNTIL THE MUSHROOM CLOUD DISSIPATES

GOLD FINALLY BREAKS THROUGH THE BOTTOM BLUE UPTREND LINE AND BELOW THE TWO 75% POINTS SHOWN

Will gold hold here and rally or fight to move higher over

for the day and week?

GOLD FINDS SUPPORT AGAIN ON THE BLUE UPTREND BOTTOM LINE

Dollar slips back to .8012

DOLLAR BREAKS .8000 FALLING TO .7995, CURRENTLY AT .8010, GOLD BEING SUPPRESSED MASSIVELY

Gold fighting back as dollar collapses

GOLD PULLS BACK ALMOST 75% OF THE SPIKE MOVE

BONDS FALLING MORE, EURO TURNS BACK UP, OIL MOVING DOWN, DOW AT UP 8 BEFORE THE OPEN

GOLD SPIKES HIGHER TO 96310, PULLS BACK QUICKLY, REGAINS ITS FOOTING AT 960, AND IS CONSOLIDATING, DOLLAR FALLS BACK TO .8008

GOLD APPEARS TO BE FINDING SUPPORT ALONG THE BOTTOM BLUE LINE OF THE SHORT TERM UPTREND CHANNEL

Euro, Yen, Bonds starting to turn lower

Dollar moves up to .8018, probably with PPT help

DOLLAR DROPS TO .8001, GOLD FINDS SUPPORT AT 95550

It is starting to look and feel like gold is going to get beaten

down now. How far? I have no clue except to look at the

fib retracement points and watch how fast gold moves and

in what volumes at any point in time.

Euro is near its highs

Oil is turning down from its highs

Dow is slipping from up 40 or so.

Bonds have been going sideways on the lows found after

their big sell off yesterday. They should continue to collapse

GOLD MAKES A NEW HIGH, TRADES THERE CAUTIOUSLY, PULLS BACK 75%, NOW BACK UP?

DOLLAR DROPS TO .8011

4:37AM PDST SUDDEN GOLD SPIKE ON 655 CONTRACTS THEN A QUICK PULL BACK

THE BIG QUESTION TODAY IS: WILL GOLD BREAK ABOVE 957?

GOLD RETRACES 75% OF THE DOWN LEG FROM 957

NOTICE: EFFECTIVE TODAY MAY 22, 2009

GT WILL BE POSTING CHARTS ONLY OCCASIONALLY AS TIME PERMITS
DURING THE CRIMEX DAY SESSION.

IT HAS BECOME NEARLY IMPOSSIBLE TO CREATE TIMELY CHARTS WITH
THE SPEED OF THE MARKET.

IT IS ALSO CUTTING INTO MY TRADING.

I WILL POST AS TIME PERMITS WITH BETTER COMMENTS ON MY
INTERPRETATION OF THE MARKET IN THE SHORT TERM.

DAN NORCINI AND JIM SINCLAIR ARE MORE RELIABLE ON THE LONGER
TERM MARKET.

ANY COMMENTS CAN BE POSTED AT MY TALKBACKTOGOLDTRADER BLOG

GOLD JUST KEEPS ON SLIPPING LOWER

GOLD IS CRAWLING SIDEWAYS ALONG A LEDGE FROM WHICH IT SHOULD FALL, HOW FAR, I DON'T KNOW

Gold could either get banged down hard by tomorrow, or

during the Crimex session, OR...

it could explode...as I have seen it do many times on a Friday

before a long weekend.

Be ready for it.

YES FOLKS, GOLD IS GOING DOWN A BIT, BUT HOW FAR?

Thus, the need for the more major fibonacci retracement points
that could take us down to 94110

Gold is technically over bought right now, but given the

dollar collapse and the massive creation of worthless paper

that has not yet triggered the world's worst hyper inflation

just yet, will gold allow itself to be undervalued for long?

GOLD CONTINUES DOWN AS THE H&S PATTERN RESOLVES LOWER

GOLD RALLIES ON LIGHT VOLUME, CREATES THE RIGHT SHOULDER, THEN FALLS

Notice how the top red line drawn between two known points,

when copied and placed on the lowest points below it, touch

two more points. This isn't magic folks. It is because of

simple mathematics and the science of cycles and waves.

And it happens over and over again, every day...

and you can make money using it...if you can develop the

discipline, and the FAITH, that it works if you watch it happen

enough times, and over a long enough time. It ain't perfect, but

I can make a nice living using it, and have to answer to no one.

THE RIGHT SHOULDER ?

DOLLAR FALLS BACK TO .8044

A BRIEF UP MOVE FAILS AND DOWN GOES GOLD, FIRST TO 95080

GOLD BREAKS DOWN OUT OF THE WHITE TRADING RANGE, NOW WITHIN THE RED DOWN FLAG, TO WHAT LEVEL?

POSSIBLE H&S PATTERN HAS DEVELOPED, RESOLVES DOWN

Gold can easily be beaten down regardless of how the dollar

or other markets are trending. They just can't KEEP it down

for very long, and therein lies the weakness of manipulators.

GOLD MAY BE ROUNDING OVER TO GO LOWER ON PROFIT TAKING BEFORE MOVING HIGHER

2:15PM PST AFTERNOON CLOSE

AFTERNOON GOLD TRADING, RED DOWN FLAG RESOLVES UP

MOVING AVERAGES FOR 5/21/09

GOLD RISES INTO THE CRIMEX CLOSE, THEN SELLS OFF 61.8% OF THE UP MOVE

Gold seems to be find support in the area of the blue and

thick white uptrend top lines aroun 950. We'll see if that

support holds this afternoon. With the dollar collapsing

every day lower and lower, the Euro zooming up today

and the Dow down a good deal, it just may be that we don't

get any big pull backs in gold on its way back up to 1000 and

higher.

DOLLAR DROPS TO A NEW LOW AT .8058, GOLD HITS 95180, GOLD PULLING BACK INTO THE CRIMEX CLOSE

DOLLAR PLUMMETS TO .8102

GT IS BUSY TRADING...NO CHARTS FOR AWHILE

THIS IS JUST CRAZY ASS TRADING TODAY

THIS SHOULD PROVE TO YOU THAT YOU HAD BETTER TAKE IT WHILE YOU HAVE IT