4:40AM PST EURO IS FALLING AND SO IS DOW INDEX, GOLD SELL ORDERS GROWING WATCH FOR DIP BEFORE THE OPEN

4:24AM PST THE DIP BEFORE THE MORNING RUN UP?

The down flag resolves up

gold could move down to the blue uptrend line,

or even down to 81320 (75%) before moving

higher just before, or on, the opening

7:44PM PST

6:12PM PST BLUE UPTREND LINE RE-DRAWN TO INCLUDE THE LOW AT 812

4:49PM PST GOLD SELLS OFF 61.8%+ IN AFTERNOON TRADING

Dollar sinks to .8465 blowing right through the

.8500s...Whoa Nellie! And right before a long

holiday weekend. I wonder what the rest of the

World that doesn't celebrate Turkey Day will do.

Us turkeys might just get screwed blue by monday.

1:03PM PST

11:33AM PST GOLD TRADING SIDEWAYS IN AFTERNOON TRADING

Gold managed to take back almost every cent

of this morning's runup for whatever reason

(see Dan Norcini's comments on my other blog or

JSMINESET.COM).

So far gold is holding between 822 and 815 which

it has hit twice on both sides of the trading range.

Nothing magic about those numbers that I can detect.

Dollar fell back to its low twice breaking below .8500.

I expect it to punch through that soon heading south

rapidly (again see Norcini's comments).

Euro put in quite a rally today, but eventually sold off.

That and the Dow both falling brought gold back down

along with Oil coming back to the 51s.

These markets are all trading with little sense or long

term patterns and are all reacting to one another.

This is approaching panic type trading, and will become so

when all this funny money doesn't have the intended

consequences and entities keep going BK.

The U.S. Guv'mint is just eating debt like a vacuum and

will soon collapse under the weight of its LACK OF CREDIBILITY.

O'bomb'a won't fix anything. In fact, he will make it worse,

or turn us into a nation of guv'mint worker bees picking up

trash by the freeways which will be empty except for military

convoys transporting guv'mint cheese to the relocation camps.

I'm off to town for supplies and pulling more money out of the bank.

This weekend would be a perfect time for the criminals to

do something dastardly while the population is laying on the couch

sleeping, burbing turkey fumes, or watching another football game,

the same game you have watched five million times before.

Then it will be interesting to see how many people DON'T go

shopping on Black Friday.

8:11AM PST GOLD TAKES ALL BUT 10 cents OF IT BACK

Talk about shooting fish in a barrel, or taking

candy from a baby.

These guys are shooting babies in a barrel!

7:55AM PST GOLD TAKING IT ALL BACK, SO WHAT'S NEW?

7:43AM PST DOLLAR RISING TO .8540+, EURO FALLING

Gold falling fast

Dow coming down

Oil down to 51s again

Yen rising

7:30AM PST WHICH WAY NOW?

7:11AM PST GOLD MAY RETRACE, THEN GO HIGHER

Dollar weakening again to .8511

Euro moving back up

6:55AM PST LOOKS LIKE GOLD IS GOING TO TAKE BACK THE WHOLE UP MOVE

6:34AM PST GOLD NEVER SITS STILL, IF IT'S NOT GOING UP, IT'S COMING DOWN

Dollar moves up to .8515

Euro slips back to 1.3031

Dow moving down on the open

Oil a bit lower

THE LARGER PICTURE NEXT RETRACE POINT AT 87610

DOLLAR SINKS TO .8492

6:16AM PST DOLLAR FALLS TO .8503 EURO UP TO 1.3060 HIGH

6:06AM PST

6:00AM PST GOLD TAKES OUT THE OLD HIGH AT 831 MOVING UP TO 83450 ON A LAST BLAST OF BUYERS, BUT FALLS BACK IMMEDIATELY

Euro moves up to 1.3028

Dollar falls more to .8522

Gold now falling on profit taking

5:52AM PST GOLD PLAYING WITH THE TOP BUT STARTING TO FADE, EURO IS NOW FALLING BACK

Dollar stabilizing just off its low

Bonds rocket back up to the 127s

EURO MOVES BACK UP EVEN HIGHER!

5:45AM PST GOLD BREAKS OUT OF AN UP FLAG AND EXPLODES, NOW THE SELL OFF

Euro explodes up to 1.2980

Dollar falls to .8543

Gold jumps $24 from its low before the open

5:25AM PST GOLD COULD COIL HERE AND GO HIGHER

RHINO HORN ALERT!

5:18AM PST GOLD RISES JUST BEFORE THE OPEN AFTER FALLING 75%

Good up move on light volume. Now will it

all sell off on the open?

5:08AM PST GOLD DROPS BEFORE THE OPEN

Dollar got a bounce of yesterday's low and is

going sideways at .8648

Euro has formed a down flag and could break

to the upside

Oil has moved down to the 51s

Bonds have backed off their tremendous spike up

on safe haven buying. See Dan Norcini's remarks on

that.

4:45AM PST TUESDAY OVERNIGHT GOLD TRADING

I was all prepared to start trading gold at night

because many of the good moves to the upside

have occurred at, or just after midnite (the vertical

black dotted line in the middle of the chart).

But what happens last night? Gold peaks just

after midnight and falls $16. There are only two

things about gold that are for certain. One, gold

will be much higher in the future and, two, you

can only trade gold in the very short term, and then

it's a huge gamble for the inexperienced newbie to this

game. Hell, it's torture on those of us who think we have

experience. Remember the old saying about dope dealers

and gold traders. There are only two kinds of both:

Those who have lost (or gone to jail) and those who are

about to.

5:36PM PST GOLD FALLS ALMOST 61.8%

4:55PM PST GOLD MOVES LOWER VERY SLOWLY

It's starting to look like a head and shoulders

top forming.

3:10PM PST GOLD RE-OPENS LOWER

Gold gets a bounce from the low of .8500 to

.8598, then falls back to .8556. Maybe the PPT

is running out of steam.

12:55PM PST DOW RALLY SELLS OFF JUST BEFORE THE CLOSE AND TAKES GOLD WITH IT

12:43PM PST NEXT 75% RETRACE POINT AT 82770

12:36PM PST GOLD RETRACES 75% BACK UP THE LAST DOWN LEG WHICH WAS ALSO A 75% RETRACE OF THE BIG MOVE UP

Dollar is currently near its lows of the day

at .86055.

Euro is off its high of 1.2920 a little.

Dow is rallying over 477 points at present with

20 minutes to go in the day session

Oil up some today to the 54s (Jan09 Oil)

12:36PM PST GOLD RETRACES 75% BACK UP THE LAST DOWN LEG WHICH WAS ALSO A 75

10:34AM PST GOLD SELLS OFF ON THE CLOSE DOWN 61.8% OF LAST UP LEG

Dollar still down at its lows

Euro up well

Dow near the top of its rally today

Gold slipping after the close

10:10AM PST MORE PULLBACK OR BREAK OUT HIGHER?

Dollar is at .8612 near .8604 low of day.

Dow rallies most of session so far.

10:05AM PST NEW UPTREND CHANNEL

8:03AM PST

6:38AM PST GOLD TOPS OUT FOR THE MOMENT, EURO FALLING, DOLLAR DOWN TO .8612

6:47AM PST TRADING RANGE FOR NOW (blue lines) GOLD DROPS OUT OF UP FLAG

6:36AM PST

Dollar hits low of .8651, now at .8665

6:05 GOLD MOVES LOWER SLOWLY FOR LACK OF UPWARD MOMENTUM

5:59AM PST GOLD MOVING DOWN JUST BECAUSE IT DIDN'T MOVE UP FAST ENOUGH

5:48AM PST GOLD COULD BREAK TO THE UPSIDE IN A WHILE

I said "could"!

It might also break down just before it rallies

big time.

5:03AM PST DOWN FLAG FORMED, ONE FALSE UP MOVE BEFORE THE OPEN

No reports this morning at 5:30am pst listed

yet (there aren't any expected)

Opening gold should be hectic.

It's moving up again now.

4:48AM PST GOLD DROPPING BUT MAY EXPLODE ON OR BEFORE THE OPEN

Notice that gold has broken out above the dark

green top line of the UP trend channel. It should

find support at the level on the pull back, but it

is not guaranteed.

I will redraw that green line to include the new

high price at 82430 which will then be the new

UP trend channel for now.

SWITCHING TO FEB'09 GOLD TODAY CHARTS ARE LABELED AS SUCH

Dec gold expires Friday the 28th.

We have to move to Feb 09 gold today as I

don't have time to follow and post both contracts.

4:30AM PST SUNDAY AFTERNOON OPEN AND OVERNIGHT GOLD

I will be very busy this morning trading as the

market will be moving very fast.

I will post charts when possible.

4:29AM PST THE RISE SINCE FRIDAY'S BIG MOVE UP

4:22AM PST MONDAY GOLD NEAR THE FIRST OF TWO 75% RETRACE POINTS AT 82650

I have a feeling gold is simply going to boom up

here on the open and not pull back very far

but keep pausing to coil and move higher.

Short covering should massive as gold moves higher.

New buyers should be moving in as the doldrums

in gold appear to be over.

6:55PM PST

4:16PM PST

3:57PM PST SUNDAY AFTERNOON