See you in the morning. GT
Tuesday, October 14, 2008
3:30PM PDST GOLD SELLS INTO THE DAY CLOSE, THEN RALLIES IN AFTERNOON TRADING
Euro has formed a very short term head & shldr
pattern since late yesterday until now. Could move
down. The dollar has a spike peak around .8345 and
has moved down to around .8162.
Bonds moved down to 113 275 and has a mysterious
one line spike up to 114 25 on the chart right now
Dow gapped up this morning and sold off the rest of
the day session down to 9145 before rallying to 9380
on the close.
Gold has rallied after the 3pm pdst re-open up to the
2nd 75% retracement fib at 8458 before pulling back
right now and one tick shy of the previous high at 846,
a normal resistance point.
8:30AM PDST GOLDS FALLS OUT OF THE UP FLAG AND RETRACES ALMOST 75% OF LAST UP MOVE
Dollar up a pinch, Euro moving back up some,
Oil bouncing off of 80, Dow moving up a bit,
Bonds back down into the 114s, gold MAY keep
rallying from this level, but could also get knocked
for a loop and driven lower as most buyers are
standing on the sidelines waiting to see what comes
of the new "plan". Cautious vultures waiting for an
easy meal.
8:02AM PDST GOLD MOVES UP OUT OF THE DOWN FLAG RETRACING 75% ON DECENT VOLUME...STOCKS FALLING BACK
After a lot of hoopla this morning and a gap up
opening on the Dow, it is now selling off as people
try to get back a small portion of what they have
lost in the stock sell off.
Dollar is showing topping pattern and moving lower
day by day, Euro is pulling back after a good rally,
Oil sinking lower, Bonds rallying lightly, but should
continue lower if sanity prevails, (not likely for a while, if ever!)
These markets will only get crazier and more volatile
as we all move forward into the Brave New World of
Authoritarian Economics.
6:46AM PDST GOLD ACTING VERY WEAK
A few good sized volume rallies, but nothing that
has any staying power. Just not enough buyers
to overcome the down presssure from the "powers"
who have the desperate need to keep the gold price down
6:25AM PDST GOLD FALLS A BIT FURTHER AS UP FLAG RESOLVES DOWN
Volume picked up on this last sell off.
5:55AM PDST GOLD SELLS OFF SUDDENLY ON LIGHT VOLUME
Gold going lower after this shot as Bernanke
and Paulson continue to jabber on about how
they are going to save us all because we are a
"great" nation...blah, blah, blah!
Dow also is pulling back after a good run up in
electronic trading. Dow opens in 30 minutes
5:46AM PDST GOLD RISES VERY CAUSTIOUSLY
Dollar down a bit, Euro rising, Bonds in the 114s
Oil in the 84s. Paulson now buttering up the world
as he explains how he is going to inflate the dollar
into complete worthlessness. Part of the "plan"
involves suppressing the price of gold. It won't
take off until things start collapsing when the "plan"
fails.
Monday, October 13, 2008
6:15PM PDST GOLD MOVES HIGHER, BUT HOW HIGH BEFORE IT IS BASHED AGAIN?
Gold is poking its head above the pink downtrend
line of the pink down flag/channel, but we've all
seen that breakout fail before, especially with the
light volume that has been the prevalent case
today.
The Dollar is slipping for now and the Euro is rising,
but nothing means anything in these markets for now
except for the fact that this is all an IMMENSE CHARADE
to disguise the FRAUD that is being perpetrated on THE WORLD
by the out-of-control paper printers of our Guv'mint,
may they all be arrested and thrown into a dirty jail cell
and waterboarded everyday for the rest of their pitiful lives.
GREAT WESTERN SONG "PAY ME IN SILVER AND GOLD"
http://www.lemetropolecafe.com/img2008/Midas/pay_me.mp3
Burn it into a CD and play it on loud speakers.
Burn it into a CD and play it on loud speakers.
6:50AM PDST GOLD TANKS AS DOW GAPS UP ON THE OPEN
We're all saved! Paper money has entered the
stock market.
Everyone go back to sleep, the worst is over.
Happy days are here again!
NOT!
5:37AM PDST GOLD MOVING DOWN SLOWLY
Euro moving up to 1.3674
Dollar at .8172 on my delayed charts
Oil up to 82 near its high today
Bonds at 115.29 trading electronically, very light volume
as bond market is closed for the holiday
Dow Index sideways at 8718
4:13AM PDST MONDAY EARLY GOLD
Gold is moving with great uncertainty over night
and starting to weaken a bit.
The Dollar slipped to .8153, now at .81835,
Euro is at 1.3588 after rising to 1.3695 and has
formed a down flag, but with all this G7 plan crap
not being formalized, the markets are all waiting
for certainty and it appears that there are very few
buyers of more paper assets. Just too much uncertainty
right now. The big movers in these markets will be
governments.
Sunday, October 12, 2008
9:04PM PDST
Dollar falls from .8245 to .8210
Euro falls to fill the opening gap up, then rallies to 1.3547
Bonds still in the 115s
Oil back down to 79.65
7:40PM PDST GOLD MOVES UP HIGHER ON LIGHT VOLUME STILL BUT BIG DOLLAR MOVES
Even though the volume is light, gold has moved
up over $30 since the low at 84280 on the opening
at 3pm pdst
6:54PM PDST GOLD SLIPS TO THE NEXT 75% FIB
Gold moving down to another 75% fib at 856
which coincides with the blue uptrend line.
Pray it holds there and rallies.
5:48PM PDST GOLD RETRACES 75% THEN RALLIES..NORMALLY
Dollar low is at .8174 presently at .8200
Euro presently at 1.3599, could drop and fill
the opening gap down to 1.3482
Bonds still down in the 115s
Oil at 80.85 up from 77 low
4:25PM PDST BIG PULL BACK FROM THE RUN UP, BUT NORMAL PROFIT TAKING IT APPEARS
Rally in progress. Euro moves up to 1.3644.
Bonds start collapsing down to 115s.
Dollar moves down to .8174
3:08PM PDST NOT LOOKING TOO GOOD ON THE OPENING, BUT AT LEAST GOLD IS NOT GETTING BOMBED RIGHT AWAY
The Euro, after a little wobble just before 3pm pdst
is now moving up...presently at 1.3607 on my delayed
charts. My real time prices aren't working yet.
The dollar is moving down at .8221 after falling from
a high of .8350 on Friday.
CORRECTIONS TO SOME CHART PRICES
Please not that some of the lower prices posted on many of the past charts
INCORRECTLY showed a low at 929, which is really 829.
In copying one price and then editing it, and with the extreme drop off
in the price of gold on Friday, I improperly edited the price which I copied
from other areas on the chart. I copy other prices, because they are already
formatted for font, size and color, etc. so all I have to do is change the numbers
instead of formatting each individual price as I type it on the chart.
Sorry, but I think you probably noticed it already.
If you ever see mistakes on charts, please email me at goldtraderrr@gmail.com
so I can fix them or alert our readers with a comment.
GT
INCORRECTLY showed a low at 929, which is really 829.
In copying one price and then editing it, and with the extreme drop off
in the price of gold on Friday, I improperly edited the price which I copied
from other areas on the chart. I copy other prices, because they are already
formatted for font, size and color, etc. so all I have to do is change the numbers
instead of formatting each individual price as I type it on the chart.
Sorry, but I think you probably noticed it already.
If you ever see mistakes on charts, please email me at goldtraderrr@gmail.com
so I can fix them or alert our readers with a comment.
GT
SUNDAY AFTERNOON OCT 12, 2008 WHERE WE START FROM
The G7 has to come up with some coherent plan
before the Asian markets open to prevent more
equity selling.
At the same time it would be logical to think that
those who managed to manipulate the gold market
down $106 on Friday, would want to drive it down
even more and keep it down to make the G7 plan
look feasible. Then, it may just be that there are
enough buyer of gold who would move in and hold the
market here or push it higher. We shall see at 3:00pm pdst
and over night. This is a financial knife fight that the gold
bugs WILL WIN....eventually!
Gold has already retraced BELOW the 50% point at 838
of the up move from 73980 up to 93630 and has rallied
back to 85430...all up coming into the Friday close.
If the gold banks and central banks sell all their gold to
suppress the price, they will be big buyers at the bottom,
which is their intention, and will scoop up all the gold in
the world that they can acquire...
Be sure to get some for yourselves.
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