Gold Wipe Out Highlights Unbiased Risk Management

The damage in the precious metals began back in November when the critical 460 support level was broken on HUI.  Anyone who did not acknowledge that the violation of this level (the neckline to the 2011 topping pattern) was important – or as NFTRH called it “abnormal” to a bullish case – was looking through rose colored glasses.

After that came a bottoming attempt, a failure in January, numerous bottom calls from around the gold analyst spectrum and a series of bear flags that served to reset over sold status just enough to fuel each new plunge. Continue reading "Gold Wipe Out Highlights Unbiased Risk Management"

Gold Chart of The Week

Each Week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.

Weekly Gold Report (April 15th through April 19th)

 It has been a few years since the Precious Metals have seen a Friday selloff followed by an even bigger Sunday night drop, but anyone that has been trading since 2008 remembers prior price action like this. And when any sector of the market experiences drops like these, everyone will be racing to the television and internet hoping to find someone bold enough to confidently call “THE LOW”. As far as this article and this drop are concerned, I think it is way too early to begin spouting target prices for a low. With all of the expected margin calls and positioning that will follow, I feel the best thing to do is be patient and let things in the Metals settle down before stepping in for a long term play. There should be many intraday trades available thanks to the expected volatility, but the long term play will be too difficult to depend on this early in the week. Continue reading "Gold Chart of The Week"

The Gold Meltdown - What Happened?

In today's Trade School video, we're going to be looking into what caused the recent meltdown in gold prices. How could gold drop so precipitously in such a short time, given what's going on in the world? Did it have anything to do with the ETF GLD or was a country forced to sell its precious metals to satisfy creditors?

I will share with you how you could have systematically made money in gold using our Trade Triangle technology, which has produced some very positive results over the years.

Since 1975, there have been 13 bear markets with an average drop around 14%. This would put gold below the $1,300 level, around $1,280.

In this short 4 minute video on gold, I will illustrate the importance of having a solid game plan and a market-proven approach. We will go through each trade in gold and share with you the results of using our Trade Triangle approach from the beginning of the year.

This approach is not for everyone, but we think you will agree that the results certainly speak for themselves.

Thanking you in advance for watching this video on the meltdown in gold.

Adam Hewison
President, INO.com
Co-Creator, MarketClub

Today's Video Update: Gold and Cyprus - The Meltdown Continues

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 15th of April.

The Meltdown in Gold Continues
As it occured on Friday, a close below the $1,500 level would not be a good sign for this once precious metal. Reports this weekend that Cyprus will be selling $500,000,000 in gold also put downside pressure on this market. I continue to see this market under pressure and headed lower. Continue reading "Today's Video Update: Gold and Cyprus - The Meltdown Continues"

Trade School - JP Morgan

In today's Trade School video, we're going to be looking at the stock of JP Morgan Chase (NYSE_JPM) in light of their better-than-expected first-quarter profits. I will be analyzing Jamie Dimon's favorite stock on a technical basis, using our market-proven Trade Triangle technology. Continue reading "Trade School - JP Morgan"