Church would be proud if he saw what I just did to 4-hr gold. It looks
to me like $946.50 is key and if we get close and break it, should
move us to our next range with a $958 upper limit. From what I see,
signs are developing that an upward move is ready to happen.

Aside from the voodoo, spot gold is ready for it's next move anyway.
Hints of inflation rearing it's head in the ISM numbers today, even
though construction spending dropped

I hope you're right. You've been spot on with your support/resistance
lines recently. I usually go all in every time I trade (college
student, so we're not talking about much here, lol), and I threw it
all on AUY yesterday after the big drop. What do you think about the
$1000 mark. Seems to be some kind of huge mental barrier going on
there. If we hit it again, do you think we'll establish a support, or
will it just sink back down as it has in the past?

On Jul 1, 10:28 am, "B.T." <b.t.hand...@gmail.com> wrote:

I'll say this much, a 1-day turnaround of 5% sees me taking some back!
Nice trade. As far as $1,000 goes, I think that we have stayed near/
above $900 for almost enough time for people to just be used to it.
When we do finally break $1,000 I think it will be with a bit of
gusto. But, we either need dollar weakness or panic to push to new
levels. I see dollar weakness more important short-term though. The
euro will be an important factor as well... less invasive economic
stimulis and spending into eurozone economies will be catching up soon
for them. Art has some good thoughts about $1000 gold if he's around

At 10:30am, we found out oil inventories were down a lot more than
expected. Result? Oil rally? No... oil free falls $1.50 per barrel.
Makes me nervous about gold. I don't want to see it drop under $931
again.

To think just yesterday we had that large drop this is bad for peoples
hearts i bet lol. In any case market is up so we took all the news
today as good but i still wonder what the data if worse then expected
will do with gold and the dollar. If it's good that be even more
interesting.

On Jul 1, 11:46 am, "B.T." <b.t.hand...@gmail.com> wrote:

anyone else get goosebumps when we bounced off 946.50 like that?

It's a crazy ride. I took your advice and took some off the table. I'd
like it if gold took a steadier uptrend, but these big swings are
great for day trades, lol.

On Jul 1, 12:15 pm, "B.T." <b.t.hand...@gmail.com> wrote:

Yeah I like it because maybe we are still in an upward trend but the
amount of data coming out tomorrow and what it might do pre holiday
well crazy stuff could happen.

On Jul 1, 12:20 pm, revler1082 <revler.1...@gmail.com> wrote:

I agree Art... only that even with so much economic data out tomorrow,
it should be a low volume session. Also, we have a nice long weekend
of shooting down missles, watching crackdowns, and having currency
debates to get through. I'm wondering about closing out tomorrow and
leaving Monday morning for the birds.

There is a key comment above about gold over $900 for some time now
and people getting used to it at this level.

I have mentioned this a few times myself on tis board in the past. The
important thing about this is $1000 is now within consistent easy
reach. Moving through $1,000 and beyond will not be so surprising or
hard to sustain under the "right" conditions we have all discussed. I
have increased my own position of auy during the recent weakness and
am prepared to hold most of it for a while as I believe the first big
move up and beyond $1,000 is not far away, certainly before year-end.

auy should hit the $13 to $15 range and beyond should that happen. The
biggest part of the next real move upward may take place in a very
short time frame and could be easy to miss.

Good luck to all believers!