Is it time to buy gold?

It would appear that the euphoria over gold has quickly diminished and many of gold's greatest proponents, who were calling for gold to go over $2,000 an ounce, appear to be disheartened and shell-shocked by the recent sharp downturn in gold.

There's an old adage in trading and it goes like this, "they slide faster than they glide." This is true of all markets and what it means is they go down faster than they go up.

In my new video on gold, I share with you some of the thoughts I have right now on this market. We could be looking at some great buying opportunities if just a few components fall into place.

You are more than welcome to watch this video there is no charge and no registration requirement.

We would really like to hear from you on the blog so please feel free to make a comment on this or any of our other videos. If you leave a comment, we will post it and if it needs a response, we will do our very best to get back to you.

All the best,
Adam Hewison
President of the INO.com
Co-founder of MarketClub

15 thoughts on “Is it time to buy gold?

  1. Upside is going to be massive on gold and silver. I bought mine at £900 and $11 respectively and according to my wife was throwing money away.

    1. HGF,

      Thank you for your feedback. If you're referring to the gold market the highest action meet in June and not the middle May. we did have a signal on 21 June to exit long positions at $1230.08. This produced a small profit around six dollars An ounce. Our weekly trade triangle kicked and on July 1 at $1210 that's $26 ago.

      I hope this helps it answers your question.

      Adam

    1. Samuel,

      Thank you for your feedback. Were my video and audio not clear to you? Did you have your speakers turned on? This is the first time I've heard of this since I've been doing videos. I hope I am speaking clearly so that everyone can understand what I'm saying.

      All the best,
      Adam

  2. Dear Adam,
    The Western World is beginning to see the value of gold which many likke to refer to it as the yellow metal. Since time immemorial, people looks at gold as the synonym of wealth. The central banks in the Western World think that they can abandon the gold standard for their currency. They want to ask the World to trust them with their paper money, and sell of whatever gold they have. They have been successful for many decades. In recent years, global wealth has changed hands. First, the Arabs, then the Chinese and then the Indians have all come into money. They would not abandon gold as the yardstick for affluence. It is interesting to note that in Vietnam, when people buy and sell properties, they calculate the price of properties in terms of gold bullion. Perhaps the day will come when you will buy an apartment in Manhattan for1000 oz. of gold.
    Shirin in Hong Kong.

  3. Hello Adam,
    thanks for the video. Based on my chart, I also have doubts as to whether GOLD is capable of reaching USD2000.00 per ounce by this year. Something must have appeared to be attractive than the gold coins,but what is it ? Only the central banks know ...

  4. Adam,

    Most excellent. A much needed video for these past couple of days.

    Chris in Chicago

  5. I think it very important to look at the supply and demand for gold on a global basis. In the longer term gold must go up no matter how the charts look like today. The central banks keep on printing money and they have no alternative but to print money. What can we expect? The governments like to behave as though things are under control. But they are not. My feeling is that not only will gold prosper in the years ahead, the stock market will also prosper. The only think that will go down is the value of money. Business must go on. For this reason, the corporations, or at lease, most of them, will not go bankrupt.
    EW

  6. Hi Adam,

    I understand and appreciate your analysis. But I also see a trend line from Nov 08 that would indicate a bounce off the trend line or a break in this price area. You often use trend lines in your analysis. Why would you preferentialy use Fibonacci analysis rather than a trend line in this case? Thanks!

    1. Sara,

      Thank you for your feedback.

      You are correct trendlines are very important, but so are our long-term Trade Triangles. Presently the monthly Trade Triangle is green indicating that the longer-term trend in the gold market is positive. Until that triangle turns red my bias continues to be on the long side of the market.

      I hope this addresses your question.

      All the best,
      Adam

  7. Adam, what settings are you using on your MACD? The lines look much choppier than mine.

    Thanks for the video.

    1. Jabalong,

      Thank you for your feedback.

      Here are the MACD settings I use:

      Fast Slow Periods 1-26
      Signal Period 9

      All the best,

      Adam

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