Friday, June 12, 2009
GOLD COULD FALL TO THE MAIN 75% RETRACE POINT AT 93840 AND THEN RALLY
Dollar rises to .8066
Euro and Oil turn down
Dow about even on the day so far
Bonds on the lower side of their trading range
AHEAD OF THE CRIMEX CLOSE GOLD IS BEING PUSHED DOWN TO PAINT THE CHARTS WEAK AHEAD OF THE WEEKEND AND THE UPCOMING G8 MEETING
Dollar has been pushed up off its low of .8040 to .8055
Euro and Oil have pulled back a bit
Bonds are chopping sideways near their highs of today
Gold has retraced to the 75% point of this whole up move
off today's low. Now it should rally into the close
GOLD RETRACES EXACTLY TO THE 75% POINT, NEEDS TO MAKE A STRONG MOVE UP NOW
Dollar drops to .8050
Gold should take off as dollar drops further
GOLD REACHES THE FIRST 75% RETRACE POINT WHILE THE DOLLAR IS FALLING TO .8060
Some pull back here, then higher
Lots of sellers above 945 who just want to get out of their
loss positions from this morning on any rally, when they
should be holding on for the big rally coming up
GOLD SHOULD CONTINUE RISING FROM HERE
Oil, Euro Bonds all moving up
Dow also trimming previous losses, now about even on the day
Dollar got a brief PPT boost to a new high at .8095, but quickly
faded lower to .8070, currently at .8074
The whole manipulated early sell off is now coming unwound
and gold should manage to rise from here
GOLD IN A TRADING RANGE, FINDING SUPPORT HERE...SO FAR
If gold doesn't move up and out of this range it could fall
off what is becoming a ledge. This is all being constructed
INTENTIONALLY by the gold shorts who have shaken
the market this morning and are now taking advantage of
traders who don't have the balls to move back into gold strongly
GOLD WAS MAKING NEW HIGHS GRADUALLY INTO SELLING PRESSURE BUT JUST GOT HIT AGAIN
We can't have gold moving back up too quickly now, can we?
Such a sudden sell down is indicative of manipulation by
the bullion banks, NOT by normal traders.
They are just taking advantage of a skittish market that
THEY created earlier.
Dollar also got a goose back up to .80835 with PPT help
GOLD PULLS BACK BECAUSE IT SLOWED DOWN ITS RISE, SHOULD RE-RALLY SOON
Euro is still moving up gradually,
Dow trimming its losses, now down about 30
Dollar slipping lower, now .8070
It takes time for traders to get the balls to move back
into gold after such a violent sell off on heavy volume
A very stupid reaction, as they should see the opportunity
to buy in at an exceptional low.
OIL AND EURO TURN UP, DOLLAR OFF ITS HIGH A BIT, SHOULD START FALLING
Sept Dollar tops at .8091 but has pulled back to .8073
currently .8076
BUYERS STARTING TO MOVE IN
This could be a ledge that gold could fall from only because
the shorts could keep slamming gold by sales from the bullion
banks. But how long can they keep doing that?
The dollar has been goosed well this morning, but how many
mornings now have you seen that, only to have it collapse
very quickly.
This is another Friday 'paint the charts' move to shake out
the market of weak longs so the shorts can cover and get long
before the BIG TURN AROUND coming up in the next 2 weeks.
MASSIVE ATTACK BY THE SHORTS (bullion banks/guv'mint) PROVIDING GREAT BUYING OPPORTUNITY
Gold near the lower line of the blue uptrend channel
Should rally from here
GOLD MAY PULL BACK AGAIN BEFORE RALLYING STRONGLY EITHER BEFORE OR ON THE CRIMEX OPEN
This is nothing more than the usual early manipulation
to shake the market before the Crimex session.
This very well could be the right shoulder of the Inverse
Head & Shoulders Pattern shown on the larger charts
that should resolve UP.
VERY LIGHT VOLUME RIGHT NOW!
SEPT DOLLAR MAKES ANOTHER NEW LOW AT .7967
Gold has now retraced back up 50% of the way to 985, the last high before
attacking the previous intermediate high at 99210
attacking the previous intermediate high at 99210
SELL ORDERS AT 958 BETWEEN 230 AND 280
Bonds, Oil, Euro, Yen all rising
Dow moving lower, up only 55 now
Dollar sinking hard
DOLLAR FALLS TO .8008, DOW PULLS BACK, EURO STAYS UP ON ITS HIGHS, OIL UP
Dollar collapse is significant, as every rise is followed by
a collapse indicating the rises are simply PPT manipulation
and are TOTALLY ABNORMAL!
GOLD RALLIES 75% OF THE ENTIRE DOWN MOVE AS DOLLAR FALLS TO .8007, DOW RISES 80 POINTS, EURO MAKES NEW HIGHS
Gold is being limited by the top blue uptrend channel line.
Gold is slammed early in the Crimex session, as usual.
It struggled to rise at first, but finally took off on good volume.
It zipped past most of the stopping points until it reached
the 75% retrace point for the morning's sell off from the
early morning high at 95910 down to 94250.
A pull back from here is normal, but how far is the question.
Gold is still rising above the 75% point as I type, but be assured
there will be a good pull back soon.
MARKETS REVERSING
Sept Dollar falling to .8045
Euro, Yen, Dow, Oil, turn up
Bonds move a bit higher
Gold has rallies up to the second
75% retrace point at 94920
May go higher, but be wary as a
further bashing could occur at any time.
Euro, Yen, Dow, Oil, turn up
Bonds move a bit higher
Gold has rallies up to the second
75% retrace point at 94920
May go higher, but be wary as a
further bashing could occur at any time.
BOND RALLY PAUSES, EURO, YEN TURN UP, OIL, DOW TURN DOWN
Sept Dollar is slipping from its high .80835
Currently at .8062
Currently at .8062
Gold weakening again, may fall lower
SHORTS WILL BASH GOLD AGAIN AFTER SUCKING IN SOME LONGS
3,150 contracts in one minute on that last big hit.
The shorts are bashing gold to cover so that can get long
for the big up move coming soon, a la Sinclair/Armstrong
The shorts are bashing gold to cover so that can get long
for the big up move coming soon, a la Sinclair/Armstrong
BONDS MOVE UP, EURO, YEN STILL DOWN, GOLD NOT THROUGH SELLING OFF
Gold will probably retest the low, may go lower, may even
go down to the next 75% retrace point at 93570
BONDS, EURO, YEN STILL FALLING, GOLD HIT HARD, RALLYING ON LIGHT VOLUME
JUNE DOLLAR UP TO .8034
ALL CURRENCIES USE SEPT AS THE FRONT MONTH NOW
GOLD RALLIES FROM THE SUDDEN SELLOF AS BONDS, EURO AND YEN CONTINUE TO FALL
GOLD MAY GET HIT HARD ON THE CRIMEX OPEN
