Hello MarketClub members everywhere. It has been an interesting week, to say the least. The sharp drop in gold caught many traders off guard, but not MarketClub members who were warned based on the Trade Triangles and my video on Wednesday that the sidelines were the best position to have at the moment.
The question is, should you buy gold now? The answer will be if you are long-term trader it may be a good time to be a buyer, if, on the other hand, you are an intermediate or shorter-term trader it would be best to wait until a green weekly Trade Triangle triggers to be a buyer of gold.
The next question is, should you be buying equities? [Read more...]