Thursday, July 9, 2009

2:15PM PDST AFTERNOON GOLD CLOSE

GOLD STARTS BACK UP FOR NOW


Whatever is going to happen will take place after gold
re-opens at 3pm pdst and overnight

GOLD MAY BE TURNING BACK UP HERE, BUT NOT UNTIL AFTER THE MARKET REOPENS AT 3PM PDST


Bonds moving up
Dollar stuck at .8008
Euro flat near its highs
Oil coming up some
Dow closes at even on the day

LOOKS LIKE GOLD IS GOING TO TAKE IT ALL THE WAY DOWN TO THE FINAL 75% POINT BEFORE TURNING BACK UP


GOLD MOVES A BIT LOWER


GOLD RETRACES TO THE 1ST 75% POINT, DOLLAR DROPS TO .7995, GOLD SHOULD MOVE BACK UP FROM HERE


GOLD RETRACES LOWER, WILL PROBABLY RALLY FROM THE 1ST 75% RETRACE POINT


GOLD MAY BE HEADED BACK UP FROM HERE


Euro, Oil, Dow all headed back up
Dollar slowly slipping, currently at .8001

GOLD RETRACES




DOLLAR IS VERY WEAK, GOLD SHOULD RALLY NOW


Oil is weak
Euro is staying strong
Dow is positive so far
Dollar's low is at .7988 and is up from there to .8007 which
is not much if the PPT is trying to goose it

DOLLAR DROPS TO .7990

GOLD COULD SELL OFF INTO THE CLOSE, BUT VERY HARD MARKET TO CALL TODAY