Monday, June 8, 2009
GOLD FALLING AS DOLLAR RISES A BIT
Bonds, Euro, Yen, Oil all moving lower.
Dow cutting losses a bit, now down only 88
GOLD MOVES HIGHER INTO THE CRIMEX CLOSE ON LIGHT VOLUME, MAY PULLBACK IN A FLASH THEN CONTINUE TO RALLY EITHER BEFORE OR AFTER THE CLOSE, DOLLAR LOWER
Euro, Yen a bit higher
Dow down all day around 100 points
Bond moving down a bit
Oil holding near its highs of the day
Dollar keep moving down, but not fast
Gold wants to move up, but has lots of
influences holding it down, none natural
GOLD MOVES LOWER THAN SHOWN (75%) OF LAST UP LEG
Dollar up a pinch
Euro and Yen turn down a bit
Oil near its highs
Bonds also on their highs
Dow turns down again, off about 100
GOLD BREAKS OUT OF THE BLUE DOWN FLAG AND RISES TO THE TOP RED DOWNTREND LINE
Dollar slipping
Euro and Yen rising
Oil near its highs
Dow still down 88 and going nowhere
could sell off hard today
GOLD PULLS BACK AFTER A GOOD RALLY
Gold could find support at the top white line of the little
up flag and move higher.
Dollar is on its recent low
Dow moves up trimming losses to only off 82
Euro turns up a bit
Yen leaning lower
Gold now forming a little ledge to fall from
GOLD MOVING HIGHER
Dollar slipping again
Dow very weak today, off more than 130 points at one time,
still down about 100
Euro and Yen not giving any signals
Bonds near their highs, but overall are a collapsing market
Oil near its highs today
Very hard market to call
GOLD LOOKS LIKE IT'S MOVING LOWER, DOLLAR HIGHER, EURO LOWER, DOW OFF ABOUT 120
Gold struggled back up off the low, but couldn't make enough
progress and has pulled back and is still falling hitting the 75%
retrace point.
Should rally well after it bottoms out.
Could move back up, but looks more like down right now
DOW FALLING, DRAGGING GOLD DOWN, DOLLAR HIGHER
Gold violates the lower white downtrend channel line,
bounces, but may retest the low, or go even lower
GOLD GETTING CLOSER TO THE BOTTOM WHITE DOWNTREND CHANNEL LINE, SHOULD FIND SUPPORT THERE
168 SELLERS SITTING AT 948
They all get bought
GOLD DROPS ALMOST 75% OF THE MORNING'S UP MOVE, COULD RETEST THE LOW, OR EVEN GO LOWER
Gold probes lower
NEW RED UP FLAG LINES DRAWN to include the newest
low just made
Dollar edging up
Euro and Yen NOI moving down
Dow still down about 77
No reason for gold to drop....but?
GOLD DROPS ALMOST 100% OF THE LAST UP MOVE AND LOOKS WEAK
Sept Dollar is down a bit at .8160
Dow is off about 80
Euro, Yen are moving up
Oil steady
Bonds moving up
Gold building a little ledge to fall from?
but moves up a little and stalls
SEPTEMBER CURRENCIES WILL BECOME THE FRONT MONTH ON THE 15TH
I will be quoting SEPTEMBER CURRENCIES as my
real time prices have already rolled forward to them
and it's easier to just quote them now.
I only care about whether they are moving up or down,
not the actual price. I'm looking at trends on my Indicator
Markets.
real time prices have already rolled forward to them
and it's easier to just quote them now.
I only care about whether they are moving up or down,
not the actual price. I'm looking at trends on my Indicator
Markets.
POSSIBLE RETRACE POINTS, IF GOLD RISES
Right now gold is pulling back after testing the recent high
at 953
MONDAY 5:16AM PDST GOLD FALLS OVERNIGHT, UP FLAG RESOLVES DOWN
Dollar moving down
Euro up
Dow off 75
Bonds moving up
Oil in the 67s off its highs
Gold selling off into the open
Sunday, June 7, 2009
DOLLAR UP TO .8094, EURO DOWN, GOLD FALLING
Bonds up
Stocks down
Yen up
Euro, Oil down
not supportive of gold right now
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