Thursday, November 20, 2008
5:40AM PST GOLD MOVES DOWN ON THE OPENING, COULD GO LOWER
Dollar is up slightly at .8822
Dow is sinking and gold has been moving with it
according to Dan Norcini. That's one tip.
Euro moved down, but stopped with gold (or
vice versa) and is building a ledge that they both
good fall off of.
This is all very tricky right now and will be very hard
to trade except in the very shortest of time periods
(minutes and even seconds).
Buying cash gold now will have to be done at Monex,
as their cash prices fluctuate in real time with the market
and can be locked in for 25% margin, with the intention
of taking possession (think about splitting a purchase with
other people, only get the cash first!)
When all these big entities start dropping like flies (like
they're not already!) gold will skyrocket!
You should already have your flak jackets and helmets on!
5:00AM PST THURSDAY
Dollar is going sideways at .8795 after slipping
back from the big spike up yesterday from the PPT
Euro is making a very wide saucer to the upside
Dow is in terrible shape
Bonds are now up to the 123s
Oil sinks to the 52s
It doesn't seem to be likely to see a big gold spike
this morning on the open as we have been seeing,
but anything is possible nowadays.
Wednesday, November 19, 2008
11:30AM PST WILL GOLD CONTINUE BACK UP THIS AFTERNOON?
Gold is staying up at .87735,
Euro going sideways
at 1.2559, Dow down over 300 points,
Oil in the 54s to 55s,
Bonds moved up to the 122s
8:56AM PST IT'S NOT OVER YET
Dollar zoomed way back up (with PPT help)
Euro has come back down, Dow sells off but stops
at 8188 for a bounce, down over 300 points (AGAIN)
The news is beyond insane as idiot politicians and idiot
car makers argue over OUR money and who gets it or not.
And this is only the beginning of the bullshit, and the
light stuff at that. Just wait until the guns come out.
8:29AM PST AND IT JUST KEEPS SELLING OFF
Gold may get a bounce here, but it won't go
anywhere and will then go down to touch 733
or a pinch lower before turning back up, but
not that much and not that soon
7:47AM PST LIKE I SAID, THEY WILL TAKE IT ALL BACK, ONE MORE RETRACE POINT TO GO, OR WILL THEY GO TO 100% AT 733?
When gold hits 741, it will probably rally, but
then it will fall again down to the 733 area before
bottoming and may not rise from there for the
rest of the day.
7:24AM PST GOLD FALLS BELOW FIRST 75% RETRACE POINT. IT WILL PROBABLY TAKE THE WHOLE UP MOVE BACK
Dollar is getting a boost higher, Euro is falling,
Dow pulling back. The faster gold falls, the
farther it will fall, then expect a rapid bounce,
but not a rally back up as big as this one. In fact,
it may just bounce and go sideways for the rest
of the day.
7:04AM PST GOLD BLOWS THROUGH THE 750 RESISTANCE AREA. NOW CAN IT STAY ABOVE IT FOR A DAY?
Dan Norcini has been saying that gold has to
stay above the 750 area to be able to move
higher. With all the bad news about the auto
industry, it appears people might be beginning
to get the hint that this country is going under soon
and are buying gold as a safe haven. The shorts
are being forced to cover and adding to the buying
pressure. It appears the PPT is having trouble
supporting the dollar.
6:58AM PST DOLLAR GETTING A BOOST SO GOLD SHOULD FALL BACK
A $24 dollar run up us usually more profit than
traders can resist, and it looks like the PPT has
moved in to support the dollar. Euro is topping.
Gold could coil here, but I suspect the profit motive
will win out and gold will fall back for the rest of the
day.
6:41AM PST GOLD RISES ON CONTINUAL STRONG VOLUME WITH LITTLE PULLBACK AS DOLLAR KEEPS DROPPING, EURO RISING
Gold rises above one of the final 75% retrace
points at 75120, before pulling back. Looks like
it may go higher as dollar keeps falling.
Could this be the take off for gold? Maybe.
6:21AM PST GOLD HESITATING AT THE 74870 OLD HIGH, MAY COIL HERE AND GO HIGHER OR PULL BACK BIG TIME
It all depends on how long gold holds here, whether
the selling will start or not. If it takes too long.
those with good quick profits will take them...I would!
Dollar is getting a little slow down bounce, Euro is topping.
I think gold will now drop and take the whole move back as
it basically hit the major resistance area near 750 where
the manipulators have been hitting it.
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