4:58AM PDST OVERNIGHT GOLD SELLS OFF

4:54AM PDST GOLD GETS HIT HARD AGAIN, DOLLAR WAY UP

Dollar up in the .8400s, Euro down to 1.3181 low

10:09PM PDST LAST CHART OF THE NIGHT

9:26PM PDST

If the past is precedence, then gold should rise

over night and fall before the NY day session

opens.

6:32PM PDST

6:21PM PDST EVENING GOLD

11:00AM PDST RALLY CONTINUES UP TO THE 75% RETRACE POINT

Volume is still not incredible to the upside.

Euro is attempting to move up. Dollar stays

nears its high of the day. Dow is on a bit of an

uptrend, Oil higher in the 75s, Bonds in the 113s

10:44AM PDST GOOD RALLY AFTER THE BOMBING

Volume on the rally was not overly strong, but

at least there were buyers coming in after the

take down, even if some may have been short

covering.

10:20AM PDST GOLD GETS BOMBED 10 MINUTES BEFORE THE DAY SESSION CLOSE

But manages to rally well immediately for two

minutes before getting hit a 2nd time

9:59AM PDST

9:31AM PDST GOLD DOES A QUICK RALLY AND IMMEDIATELY IS KNOCKED DOWN

Gold quickly rallied to one tick above the preceding

high at 79140 and immediately sells off, almost like

there was someone that didn't want gold to go higher...hmmmm !

The trading on the Comex is beyond ridiculous at this point.

There are so many commenting on it now, that anyone

that still thinks this market isn't manipulated, is considered

a complete idiot, or seriously uninformed.

You know, like the vast majority of American lemmings.

9:12AM PDST GOLD JUST KEEPS GETTING WEAKER

8:26AMPDST STILL DOESN'T LOOK LIKE A RALLY IS COMING

Little up tilting flag resolves down. None of these

rallies goes anywhere without being knocked down

or just running out of buyers to keep them going.

Euro is still weak, Dollar strong. Nothing else really

means anything in the short term.

7:33AM PDST WHERE DO YOU THINK IT'S GOING?

7:28AM PDST

7:11AM PDST THE PULL BACK TO 791? OR LOWER?

7:05AM PDST A NICE $10 RALLY THAT WILL NOW BE SOLD OFF COMPLETELY

If the pull back only goes to the 75% fib at 791

(not shown here)gold might have a chance at a second leg up,

although the up volumes don't last very long and

aren't particularly strong volumes. Euro tried to

rally, but has dipped back down. Oil has moved up

to the 74s, Dow rallied on the open but is now pulling

back, Bonds have moved up a bit but are still in a

major sell off as they should be.

6:55AM PDST GOLD SHOWS NO STRENGTH TO THE UPSIDE YET

Gold often goes down to the previous close before

rallying (the turquoise line). With the lack of volume

to the upside on any of these fast fading rallies, gold

should sink to the 75% fib at 782 before any type of

good rally will occur. Plus, the manipulators have so

damaged this market, that it appears that there is

nothing left but the hardest core traders battling

among themselves for scraps.

6:34AM PDST GOLD WILL GO DOWN TO THE NEXT 75% FIB AT 782

Gold has retraced to the first 75% fib at 790 and

will now go down to the next one near 782 which

also coincides witha previous low at 782.

Euro is tanking.

6:23AM PDST LOOKS LIKE ANOTHER DAY OF GOLD GETTING BEAT UP IN NY

Gold dropped a bit more after this shot

5:44AM PDST GOLD IS BEING PRESSURED DOWN

Gold just dropped after this shot.

Notice that gold was going nowhere, then it

had quick rally which the shorts took advantage

of and bombed it immediately. Now, traders

are going to bail out, just what the shorts and

Guv'mint want.

All this is happening as I'm listening to the

Jim Puplava audio clip I posted on GoldtraderComments blog.

5:17AM PDST BLUE UP FLAG RESOLVES DOWN

5:13AM PDST BEFORE THE DAY SESSION OPEN

5:00AM PDST

Gold will probably get hit some more before the
day session open as this last two rallies went
nowhere and Euro is still moving down with the
Dollar up.

7:52PM PDST

7:32PMPDST

6:10PM PDST GOLD STARTS ITS PULLBACK AFTER A GOOD $15 RUN UP

5:38PM PDST GOLD KEEPS MOVING UP BREAKING THRU SUCCESSIVE TRENDLINES

5:11PM PDST GOLD BREAKS ABOVE ANOTHER TRENDLINE AND THE UPTREND CHANNEL

4:50[PM PDST GOLD BREAKS OUT OF DOWN FLAG

Gold breaks above the blue down trend channel

and stops one tick below 715, the previous high.

Euro is rising. Bonds have fallen into the 112s raising

long term rates which is what needs to happen to

attract investors to the dollar, but is devastating to

the housing market and capital investment in the

remaining industries we still have.

Dollar is up at .8289, down from its previous high

at 83.02 on Friday and today's high at .8287

4:34PM PDST

Gold bouncing back and forth 75%.

Notice that it stops right at the blue upper down

trend line give or take a few ticks.

It usually takes three tries to break through a

trendline if trading is slow. On a spike up, it will

just blow through it heading to the next resistance

point.

3:00PM PDST SUNDAY AFTERNOON OPEN

Gold opened down, but then rallied to the 75% point

of the down move from 79150 to 78280, then it

retraces that up move...75% retrace is at 78430.

Notice that gold dropped down to 72820 which is

right on the bottom blue line of the down flag

where it found support. If there are any buyers

in the overnight market, gold should break up and

out of the blue down flag.

KEEP YOUR PERSPECTIVE...THE BLACK DOWN FLAG RESOLVES UP...BIG TIME!

THE BIG PICTURE SINCE THE LOW AT 73980

THE LARGER PICTURE OF GOLD THIS LAST WEEK

2:15PM PDST FRIDAY AFTERNOON CLOSE

10:30AM PDST THE CLOSE

10:00AM PDST

9:49AM PDST

9:46AM PDST

9:25AM PDST

8:38AM PDST GOLD GOING NOWHERE SO FAR

7:58AM PDST GOLD COMING BACK DOWN?

Dollar got a bounce, Euro rallied back up and is

now selling off again.

Bonds still down in the 113s,

Stocks move up, then down...what else is new?

Oil...I don't care unless it doesn't come down

to the same prices we had in August of 2007

when oil cost the same as it does now...

Do you really think we are going to see gas down

at those prices again?...come on...I have a bridge for sale.

7:51AM PDST GOLD MOVES UP TO FILL THE BREAK AWAY GAPS THEN FALLS BACK

These markets are now nothing but open season

on inexperienced traders. It's as if the most stupid

of the traders were being run through a narrow

slaughter chute with the pros standing on the sides

above them simply shooting them as the pass by.

Even easier than shooting fish in a barrel.

Caution: Humans at work!

7:24AM PDST TWO BREAKAWAY GAPS DOWN TO THE LOW THEN A BOUNCE, AND NOW A RETEST OF THE LOW

Before this sell off the Euro was moving up

briskly and the dollar was slipping. Gold did not

follow the Euro, though it can lag a bit, or even

sell a little lower and then go up. It didn't do either.

Then the Euro started selling off and gold dumped.

Bonds are down again in the 113s. Oil is up from

its lows but doesn't seem to be a factor right now.

Stocks are up a bit after a gap down opening and

gapped up from the low then gapped down again

forming and "island top" which is a very ominous

chart pattern that resolves down quite precipitously

Stocks look like they are in for a very large drop.

7:21AM PDST GOLD GETS SLAMMED DOWN TO A NEW LOW AT 77220 OUT OF NOWHERE

7:07AM PDST GOLD LOOKED LIKE IT WAS GOING TO BOOM, BUT ONLY MADE IT TO THE 75% POINT SO FAR WHERE THE VOLUME FADED

6:45AM PDST DECENT VOLUME FOR 3 MINUTES THEN IT GOES DEAD AT THE 75% POINT, A SURPRISE SPIKE UP MAY BE COMING

6:39AM PDST STEPPING BACK TO SEE WHERE WE'RE AT

No consistent volume in either direction.

This market is just waiting to either boom,

or collapse further

6:30AM PDST JUST AS STOCKS OPEN GOLD GETS HIT, HMMMM? SUSPICIOUS, NO?