GOLD MAKES NEW HIGHS DURING THE CRIMEX SESSION THEN STARTS TO TAKE THE GAINS BACK IN THE 2ND HALF OF THE SESSION AND NOW IN THE AFTERNOON SESSION

THERE SHOULD BE CONSIDERABLE SELLING PRESSURE FROM THE BULLION BANKS AS THE PRICE IS GRADUALLY GETTING AWAY FROM THEM IN THE CRIMEX SESSIONS. THE OLD 'CAPPING' LEVEL OF 1130 MAY NOW BECOME SUPPORT AND COINCIDES WITH THE CURRENT 75% RETRACE POINT FOR THIS LAST LARGE UP MOVE AS SHOWN. BUT THIS RED DOWN FLAG PATTERN COULD SUDDENLY BREAK OUT TO THE UPSIDE AT ANY TIME AS 'MANAGED MONEY' MOVES BACK IN TO THE MARKET (see Dan Norcini's recent comments on JSMINESET.COM)