GOLD! Where will it close?

This week has been all about gold, gold, and more gold around the Trader's Blog and MarketClub. If you attended yesterday's webinar - and close to 1,000 of you did, you heard us talking about how interested we are to see where gold will close today.

With that in mind, we've decided to put a little something on the line. Simply leave us a comment below telling us where you think spot gold will close at today when the US markets close at 4pm EST and you have a chance to win a quarterly membership to MarketClub that you can keep for yourself or give as a gift for the upcoming holiday season.

Contest Rules

1. This contest is open until 3:30 PM (Eastern) on December 3rd, 2010.

2. The closest guess wins.

3. One entry per email address. Any duplicate entries will be disqualified.

4. Prize Winner will be contacted on Monday, December 6th, 2010 via email.

GOOD LUCK!

The MarketClub Team

Update 3:49 PM EST: Voting closed at 3:30 PM EST. All votes after that time are ineligible to win. Good luck to all those who guessed!

Gold Webinar: RSVP Today

We're expecting space to be tight for this week's upcoming gold webinar. Have you reserved your seat yet? If not, we're extending a last minute invitation to all of our lurkers out there.

Save your seat by registering today and find out what MarketClub co-founder and former floor trader Adam Hewison will be sharing about this ever-popular precious metal. Adam will show you how this market can be traded, what the pros and cons are, and how you can analyze all the ways to trade it with MarketClub's "Trade Triangles."

Click here to attend MarketClub's "5 Ways to Tackle the Gold Market" Webinar to be presented live on Thursday, December 2nd at 4pm EST/9pm GMT.

We promise that you won't be disappointed so register today!

The MarketClub Team

GOLD Alert this morning

Short-term traders went long on a GREEN Daily “Trade Triangle” @ $1,372.77 today.

Intermediate and long-term traders continue to remain in  long positions.

If you are not yet a member of MarketClub see what you are missing with our  30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.

Is gold stuck between a rock and a hard place?

The gold market has been pushing out its normal level of frustration and anxiety for the past several weeks.

So the question becomes, is the gold market pausing to move higher, and of course the Bulls would argue this, or is it forming the head and shoulders top that many technicians are looking for? Of course, this would be a bearish sign for gold if this technical formation is completed.

I've just finished a short video that shows you what we're looking at right now in gold and how I think it is going to be resolved. The video is a little over 2 minutes. It's quick and to the point while supplying you with what you need to take your place in or out of this market.

Continue reading "Is gold stuck between a rock and a hard place?"

Why ETFs are taking over the global markets

A recent article in the publication Barron's pointed out one of the big success stories in 2010 has been the growth of the ETF market.  This market is expected to close out the year around $1 trillion up from $794 billion at year-end 2009.

For quite some time now we at MarketClub have been big fans of ETFs for investors. There are several reasons for this, but one of the great reasons is the easy way it allows investors to diversify their holdings not only across different markets, but also across different countries. We utilize this particular strategy in 2 popular ETF portfolios that we have constructed for MarketClub members.

Continue reading "Why ETFs are taking over the global markets"