Gold Update: New Video

The gold market continues to steam roll ahead as it gets closer to our $1,300 target zone.

As we have stated before, gold is in a fully fledged bull market and sharp pullbacks are to be expected. This is not to say the bull market is over; it is more to say that pullbacks should be looked upon as opportunities to add to or initiate new positions.

In my latest video I give you an idea of what I think is going to happen to this market in the short-term and long-term.

As always our MarketClub videos are free to watch and there is no need to register. Please give us your feedback on this video via the comments section of the blog.

All the best,
Adam Hewison
Co-creator, MarketClub

17 thoughts on “Gold Update: New Video

  1. Dear Adam,

    Your thoughts on the gold market reflect my opinion also. I was wondering if you too have spotted a current technical gold price cycle/rhythm. I have been in the market since Sept 2005, when the gold price started to rise against all currencies, not just the dollar. Anyway I have noticed the following (approx calculations):

    1) Sept 2005 - May 2006 gold rose 61%, then went sideways until Sept 2007
    2) Sept 2007 - March 2008 gold rose 54%, then went sideways until Sept 2009
    3) Sept 2009 - gold has so far risen 23%

    It looks to me that we are in another one of those phases which happen every two years. Gold will rise for at least 6 months (until March 2010) and then go sideways again for 18 months or so. I believe we are possibly in the third phase of four.

    However, I also agree that the stock market is possibly due for another down leg. How this fits in with the current gold cycle, I do not know. As gold has previously been sucked down (albeit temporarily) in the downdraught.

    All the best,

    Adam Clark

  2. dear adam your analysis for gold r excellent. i want to know what is the support & resistant for gold yet ?

    1. Rajoo,

      Thank you for your feedback.

      In the short-term I would look for support to come in around the 1120 area and resistance to come in at the big number of 1200.

      The markets closing very well for the week and as I mentioned several weeks ago this month has decoupled from other markets.

      All the best to you.


  3. Thanks for the 3 great videos this week on gold, My next question is that what would be expected gold sceen may be seen? and how much it will expected pull back?

    1. Dr, Darshan,

      Thank you for your feedback and your kind words. As we mentioned in our video this is a very powerful bull market and sometimes bull markets have a habit of not letting you get back in on a pullback. This may well be the case with the 2009 bull market in gold.

      All the best to you.

      Adam up

  4. Hi,

    Really interested in what Adam is saying on the gold markets at the moment. I agree with the increasing in price to $1300 and the possible short term retracement.

    I would be interested in his opinion on how the gold value is reflected with respect to the value of the dollar. Currently the USD is weakening, and gold appears to be increasing in price. How much of the increase is due to the weakening dollar, how much is due to the increase in value of gold.



  5. Hi Lindsay,

    I wanted to make a suggestion. How about a video bi-monthly on the FXE,USO,GLD,SPY which makes the perfect portfolio. The video need not very very long but just provide some general direction.


  6. Adam-very much appreciate your updates this am. I think your comments regarding the SP/Dow have been following tech trends is exactly on target. Certaintly, G7 fiscal policies are not going to help these markets in the long term. I have been short the SP and taken my hits, but will not deviate from what your techs show, and the reality of the markets-will not fight the tape either.

    Of course the gold piece is so much more emotional. Many first timers, and folks reading headlines are frothing up this market. Sold most position on the 12th, and as you say looking for another entry takes patience.

    Love this stuff.


  7. Thanks for the 3 great videos this week on gold, Dow/Nasdaq and S&P. My follow up question for you is Why, given the excellent discussion on Fibonacci for the indices, there was not a similar consideration for gold? Based on the same principles, gold was at 720 in late 2008 and 1165 would represent a 61.8% increase.

  8. Mr.Hewison,
    Thank you for your informative updates on Gold and the Dow.Can you kindly also provide an update on the Euro.Although the Euro appears to be moving sideways at the moment there appears to be a correlation in what appears to be a near term top in Gold and the Euro.
    Your valuable insight on this will be much appreciated.

    Best regards,

    1. Syed,

      I will ask Adam to look at the Euro and see what he can do in terms of doing an analysis video.

      Thanks for the suggestion.


      Lindsay Thompson
      Director of New Business & MarketClub

Comments are closed.