Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

THE VULCAN REPORT - Review of GOLD Spot (XAU USD) as of Friday, July 02, 2010

7/5/2010 - GOLD - THE VULCAN REPORT
 
THE VULCAN REPORT
Review of GOLD Spot (XAU USD)
as of Friday, July 02, 2010


    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 6 white "UP" candles and 4 black "DOWN" candles for a net of 2 white (UP) candles.

During the past 50 bars, there have been 27 white "UP"  candles and 21 black "DOWN" candles for a net of 6 white (UP) candles.

PulseScan Swing Vix              Swing Index

PulseScan:    -17.90
Swing Vix:    -12.37

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    7 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.    A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  The last signal was a Over-Bought Sell 38 period(s) Ago.


RALLY ALERT Possible Breakout is likely due to strong market pulse projections BUY ENTRY- 1,214.0095

The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
The Swing Vix has set a new 14-period low while the security price has not.  This is a bearish divergence.
        Since the last Swing Vix signal, GOLD Spot's price has decreased 2.10%, and has ranged from a high of 1,262.4800 to a low of 1,196.6100.

     MARKET TREND

Currently the TREND is Slightly Bullish - WARNING Bullish-Retracement - (The TenkanSen has crossed below the KijunSen TODAY!").
        TREND STRENGTH - Bullish Strength - Price Projection Target  1,625.3501

The close is currently Above it's Long Term period moving average.1,084.8550
The close is currently Below  it's Intermediate Term period moving average.1,205.9213
The close is currently Below  it's Short Term period moving average.1,228.7510

    
    VOLATILITY

On 7/2/2010, GOLD Spot closed  
above the lower band by 7.8%.


PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY :  



INTRADAY PRICE PROJECTIONS
        RESISTANCE 1,209.8872
        SUPPORT 1,201.6428

Swing Vix SHORT ENTRY : 




This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.



=======================================================================


THE VULCAN REPORT
Review of COMEX Gold FUTURES ETF (NYSEARCA:GLD)
as of Friday, July 02, 2010


    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 7 white "UP" candles and 3 black "DOWN" candles for a net of 4 white (UP) candles.

During the past 50 bars, there have been 32 white "UP"  candles and 18 black "DOWN" candles for a net of 14 white (UP) candles.

A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

PulseScan Swing Vix              Swing Index

PulseScan:    -16.97
Swing Vix:    -11.30

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    8 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.    A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  The last signal was a Over-Bought Sell 34 period(s) Ago.


RALLY ALERT Possible Breakout is likely due to strong market pulse projections BUY ENTRY- 118.5545

The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
The Swing Vix has set a new 14-period low while the security price has not.  This is a bearish divergence.
        Since the last Swing Vix signal, COMEX Gold FUTURES ETF's price has decreased 2.44%, and has ranged from a high of 123.5600 to a low of 116.9800.

     MARKET TREND

Currently the TREND is - Up.
        TREND STRENGTH - Bullish Strength - Price Projection Target  158.3000

The close is currently Above it's Long Term period moving average.106.1900
The close is currently Below  it's Intermediate Term period moving average.117.6973
The close is currently Below  it's Short Term period moving average.120.1698

    
    VOLATILITY

On 7/2/2010, COMEX Gold FUTURES ETF closed  
above the lower band by 9.1%.


PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY : 
 


INTRADAY PRICE PROJECTIONS
        RESISTANCE 118.2548
        SUPPORT 117.6553

Swing Vix SHORT ENTRY : 


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


=======================================================================

THE VULCAN REPORT
Review of Gold Miners ETF (NYSEARCA:GDX)
as of Friday, July 02, 2010


    CHART PATTERNS

A black body occurred (because prices closed lower than they opened).

During the past 10 bars, there have been 4 white "UP" candles and 6 black "DOWN" candles for a net of 2 black (DOWN) candles.

During the past 50 bars, there have been 24 white "UP"  candles and 24 black "DOWN" candles.

PulseScan Swing Vix              Swing Index

PulseScan:    -14.81
Swing Vix:     -8.37

The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    8 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.    A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  The last signal was a Over-Bought Sell 57 period(s) Ago.

The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.

        Since the last Swing Vix signal, Gold Miners ETF's price has decreased 4.91%, and has ranged from a high of 54.8300 to a low of 48.7900.

     MARKET TREND

Currently the TREND is - Up.
        TREND STRENGTH - Bullish Consolidation - Long term Trend Line resistance is currently at 55.4000

The close is currently Above it's Long Term period moving average. 44.7250
The close is currently Below  it's Intermediate Term period moving average. 50.0054
The close is currently Below  it's Short Term period moving average. 51.4306
     
    VOLATILITY

On 7/2/2010, Gold Miners ETF closed  
above the lower band by 12.4%.


PANDORA'S LITTLE BLACK BOX

PulseScan LONG ENTRY :  


INTRADAY PRICE PROJECTIONS
        RESISTANCE  50.2055
        SUPPORT  49.5345

Swing Vix SHORT ENTRY : 




This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


Disclosure: none