Tuesday, August 5, 2008

10:15AM PDST GOLD HAS SLOWED TO A CRAWL BEFORE THE CLOSE

Well, I can't imagine what Dan Norcini would have to say about today's gold market. Unfortunately, he is hunkered down under the hurricane blowing over Houston, TX right now. I'm sure he will do his best to post something soon, but after seeing what storms are like down there, I'm sure his family's safety comes first. Gold has almost ceased trading judging by the volumes since 10:00am pdst only 1.8K so far (15mins) From 9:00 to 10 volume was 8.03K From8:00 to 9 it was 26.3K And you can see that was almost ALL DOWN VOLUME! DOES THAT MAKE ANY SENSE TO YOU? NOT TO ME. But that's what Guv'mint thinks is a "free market"... THEY ARE "FREE" TO INTERFERE IN IT... to save their criminal asses! I have re-drawn all the TRENDLINES that needed adjustment to accomodate the trading action so far today... Sometimes I leave the old trendline in position so you can see how much it has been violated in either direction... But after a while, they need to be redrawn, because the TRENDCHANNELS have changed... After all, they are only TO KEEP YOU IN THE BALL PARK so you can see where the MAIN ACTION is taking place. more on the other markets shortly...

No comments: