6:07AM PDST GOLD TRIES TO GET SOME LEGS

These rallies don't last very long, are sold off

quickly by profit takers and those who don't

want gold to rise, and are on low volume.

But if we get enough of them, pretty soon gold

creates a trend up, which is sure to happen soon

as the economy crumbles

5:43AM PDST A NEW LOW AND A WEAK BOUNCE

This is the point where those with the biggest

balls and courage, or the completely nuts,

step in and make a fortune later if they don't

over leverage themselves.

Bush is babbling again about how wonderful our

Guv'mint is acting to "protect our citizens".

What bullshit! Someone ought to lock that bastard

in a cell quickly, but don't kill him. I want him to suffer

in the same way he has caused others to suffer...

for the rest of his miserable life. What a puke he is!

5:42AM PDST GOLD IS WAY OVERSOLD ON THE COMEX!

5:25AM PDST FIRST PART OF A WEAK RALLY GETS SOLD OFF

It dropped even more than shown and is now

doing a quick bounce

5:16AM PDST NEW LOW AT 78540

Dollar at .82905, Oil drops to $69 a barrel!

Euro at 1.34 and rising off its low at 1.3379

Bonds ins the 114s, up from 113 25,

Dow rising for now but is still HISTORY!

Gold may get a good bounce on the open, but will be

sold off immediately.

5:09AM PDST GOLD MAKES NEW LOW BEFORE THE DAY SESSION OPENS

4:30AM PDST OVERNIGHT GOLD FALLS $27

10:50PM PDST LAST CHART OF THE NIGHT

9:40PM PDST GOLD FORMING A ROLL OVER TOPPING PATTERN

9:23PM PDST EVENING GOLD

12:03PM PDST OF COURSE GOLD HAS A SUDDEN SELL OFF! LINES REDRAWN

Sudden sell offs are the norm after any slight

rally

11:55AM PDST AFTERNOON GOLD MOVES ABOVE THE MOST RECENT DOWN FLAG

Afternoon is very light.

10:44AM PDST GOLD TRADING VERY CAUTIOUSLY ON THE WAY UP, A SELL OFF IS POSSIBLE AT ANY MOMENT

The market is moving so darn fast I can barely

monitor all the markets to keep my head in the game.

Gold is simply all over the map today after being

knocked for a loop.

There will be nobody but the BIGGIES left to

scoop up all the gold after they have wiped out all

us peasants with all these plans, mortgages, and

probably confiscation of all assets "for the good of the state"

just until we can "fix" things...yeah right!

9:59AM PDST GOLD BREAKS UP OUT OF THE WHITE DOWN FLAG

Some pull back here, or even a sell off into the

day session close, then a good run up higher

in electronic trading

9:00AM PDST GOLD ATTEMPTS TO BREAK UP AND OUT OF THE WHITE DOWN FLAG

A little pull back here then up and out of the

down flag.

8:48AM PDST NOW THE STRUGGLE BACK UP

8:37AM PDST GOLD TAKES ANOTHER HIT DOWN TO BELOW THE 75% POINT TO 78670 AND BOUNCES

Just like I told you it would, gold dipped down

to tag the 75% retrace point at 78890 and went

a pinch lower. Now it will pull back again to retest

the low and may go a pinch below that before heading

back up on its next big up leg higher.

8:01AM PDST GOLD TESTING THE UPPER LINE OF THE DOWN FLAG

Gold has tested the upper line of the down flag

about 6 times and hasn't penetrated it yet, except

slightly in the last 5 minutes. It could just zoom up

if it breaks out, or it could just trade in this area

for some time. Volumes aren't fantastic to the upside

but there are certainly a lot of contracts changing hands

in here as gold tries to build a bottom.

7:34AM PDST GOLD NOW MOVING SIDEWAYS TO DOWN SLIGHTLY

Gold has built a slight down flag, but if it doesn't

start to move up with some boldness, it will more

than likely sell down to the low and slightly below

before moving up. That is unless the "powers" want

to hit it again in order to hit the 75% point at 78890

which gold typically will hit eventually before finally

rallying, so be alert to that.

Dollar is up to .8292 after hitting .8300.

Down sinking fast..hitting 8311 before bouncing a bit.

Euro near 1.3380 after falling from 1.3533

Oil at 72s on low side of the range of 71s to 74.50

7:21AM PDST THE LARGER PICTURE

Gold retraced almost 75% of the entire up move

from the BIG LOW at 73980 up to 93630 bottoming

at 79350, just above the 75% retrace point at 78890

Can the " powers" drive it lower?

They have lots of people scratching their heads now,

which is what they wanted to happen so people would

be afraid to put their paper money into gold...

exactly the OPPOSITE of what they should be doing.

7:10AM PDST GOLD TAKES BIG HIT ON BIG VOLUME

Gold gets hit big time out of the blue, unrelated

to the other markets which are trading normally.

Obviously, the "powers" decided that gold was too

high and needed to try to obliterate it to eliminate any

alternative to their paper money scheme.

So far gold is holding above 79350 and is climbing up

slowly with one minor pullback. Volume is not fantastic.

Down volume for the big hit was about 32,000 contracts

between 6:30am and 6:50am pdst, which is very substantial

volume and indicative of large sellers rather than a lot of

little sellers. Gold went down so fast that it is obvious that

some very big sellers ran the stops and cleaned house, then

covered those shorts at the bottom.

6:32AM PDST GOLD BUILDS ANOTHER DOWN FLAG TO MOVE UP HIGHER

Volumes are still quite light from what we have

been experiencing but understandable for what

has happened to this market.

Dollar is up a bit but off its highs, Euro is now

turning up after falling some,

Bonds fell to the low 113s, but are now in the 114s

Stocks up a bit on the open

Oil making new lows, just rallied some but now moving

down again

6:20AM PDST TREND LINES RE-DRAWN GOLD SPIKES UP

6:16AM PDST GOLD HOLDS THE BOTTOM AND WORKS BACK UP SLOWLY ON LIGHT VOLUME

5:57AM PDST DOWN FLAG ANGLE DECREASES TO MORE NORMAL ANGLE

The little white down flag is rebuilding itself

into a more normal angle of decent and should

resolve up more normally. Extreme angles can't

sustain themselves for long. When they resolve,

they can move for extreme distances, but immediately

retrace on profit taking simply because they are extreme.

And gold just now falls to the low at 834

5:50AM PDST GOLD PULLS BACK TO EITHER RETEST THE LOWS OR SPIKE HIGHER

BOLD green major uptrend line has been re-positioned

as prices pierced through it, so now we just include

those prices in the new major uptrend channel.

The little white down flag is very steep and should

resolve up even higher than ususal, but the bold blue

up flag resolves down. Which has control?

Volumes are on the light side as the gold market has

been drained of open interest and is rebuilding itself

for what is to come...BOOOOOOOOOOOOOM!

5:39AM PDST GOLD SPIKES UP TO 2ND 75% AND SOME LESSER DOWNTREND LINES AND RETRACES

Up volume was moderate for 3 minutes of the

spike up, then the pull back.

A move a little higher, and then more pull back

a bit lower creating the beginnings of our usual

down flag which should resolve up. But this market

is so crazy now, especially at new lows like this,

that you can't be certain which way things are going

to go at all. Very uncertain times until major institutions

start to fail in series, then gold takes off for good.

5:35AM PDST GOLD TRADES QUIETLY AFTER THE REPORTS IN A TRADING RANGE (pink lines)

5:03AM PDST GOLD HAS RETRACED 75% OF THE MOVE BETWEEN THE LOW AT 82450 AND 85920

Next big lows are 82450 and 82250 at the bold

red line, then on down to the BIG LOW at 73980

4:55AM PDST EARLY GOLD MAKES NEW LOW

Gold has test the low three times at 8311 once

and 8316 twice

8:45PM PDST GOLD TRADING QUIETLY THIS EVENING

11:34AM PDST GOLD ALMOST HITS THE 75% RETRACE POINT

11:21AM PDST GOLD IS HIT ON THE WAY UP BUT CONTINUES EVEN HIGHER ON LIGHT VOLUME

gold made another move up after this shot

10:53AM PDST GOLD CONTINUES TO RALLY ON LIGHT VOLUME

10:38AM PDST BIG SELL OFF INTO THE CLOSE AS DOW SINKS

Dow sinks to 8798, Euro near lows at 1.3504,
Bonds rising as people flee stocks to bonds for
supposed safety. Dollar near day's highs,
gold rallies off the closing lows a good amount.

10:19AM PDST A LIGHT RALLY INTO THE CLOSE AS THE DOW SINKS TO ITS LOWS

9:37AM PDST LITTLE DOWN FLAG SHOULD RESOLVE UP

Dow falls below 9000, Euro down.

Gold is holding well despite the Dollar's move up

Any pull backs could be due to selling to meet margin

calls in other markets.

9:26AM PDST BERNANKE OPENS HIS MOUTH AND GOLD STARTS TO SPIKE UP

9:10AM PDST EVER SO SLOWLY GOLD MOVES UP

8:16AM PDST GOLD ATTEMPTS TO BREAK ABOVE THE DOWN FLAG

Up volume still very light.

8:05AM PDST GOLD PULLS BACK 75% OF LAST UP LEG (NORMAL)

Gold volume on the rallies is not as strong as I

would like, but at least it's going up.

Euro may have stopped it's fall,

Oil down, Dow falling, Bonds up from the low 113s a bit.

7:54AM PDST GOLD MOVES HIGHER ONCE AGAIN

Gold seems to be holding well for now, even

with the Euro falling.

Dow is sinking, Bonds are back in the 113s

Oil back to low 75s

I think the worm is turning and people see that

all this Guv'mint intervention isn't working and

are moving into gold even on the Comex, which

has become almost totally corrupted and is nothing

more than a platform for the Guv'mint agencies to

manipulate the price.

I can only hope that they don't default and that the

shorts are handed their shorts back soiled massively

with the substance they are so full of.

7:43AM PDST GOLD RALLIES STRONGLY, THEN PULLS BACK 61.8% (NORMAL), SOMETHING'S GOING ON!

6:55AM PDST GOLD SUDDENLY SPIKES UP THROUGH ALL DOWN TREND LINES TO THE HIGH NEAR 8514

Up volume is strong, but brief. This could be

a fund buying into gold at a reasonable low.

The spike up is now being pushed back down, but

could go higher as these spikes wake up traders

who jump in when the momentum moves gold up.

6:05AM PDST

5:55AM GOLD WILL PROBABLY PULL BACK TO THE LOW BEFORE RISING

Euro still falling

CORRECTION: low at 8352 is 8331

5:59AM PDST GOLD "WATERFALL" DROPS, THEN BOUNCES NEAR THE MAJOR UPTREND LINE

5:25AM GOLD OPENING SELL OFF

Euro selling off, Dollar slightly down at .8162 or so

on my delayed charts which have become unreliable.

Oil down more to just under 75.

Bonds, after hitting 113 275, are now in the 114s

Dow Index falling at the moment

And gold is just now getting knocked lower.

5:18AM PDST THE SELL OFF OCCURS ON SCHEDULE AS USUAL

Anybody still think there's no manipulation going on?

4:50AM PDST MORNING GOLD, THE SELL DOWN BEGINS