Over in the gold patch, things went from disinterested and downright antagonistic (A Notable Lack of Interest in Gold) to sleepy (Gold “Community” Crickets) to ferociously over bullish.
Any long-time and right-minded gold bug will tell you that the latter condition is usually a signal to prepare for some turbulence. Wednesday and Thursday brought the turbulence in the form of a reversal and pullback for gold, silver and the miners.
Since we became constructive on the gold sector in Q4 2018 (per the links above and especially NFTRH reports/updates) the groundswell of gold boosting (pom poms and all) has steadily risen since it became obvious that something bullish was going on in January. And it appears that last week’s breakout from various daily chart bull flags in gold, silver and the miners finally jerked ’em all in. Enter the Thursday pullback.
In the very few days immediately before that $20/oz. pullback the gold “community” threw itself a gathering of the bullish clans. On just a quick look around the gold websites, some quotes popped out from 2 days before the pullback and one day before Wednesday’s reversal. It’s crickets no more… Continue reading "Gold Bullhorns Quieted For A Day, At Least"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 24th of July.
Yesterday, Apple (NASDAQ:AAPL) surprised analysts with better-than-expected iPhone sales, and indicated that it expects a "busy fall" with new products.
Apple CEO, Tim Cook, said in a statement, "We are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014."
In after-hours trading, the market voted with a dramatic 5% rally in Apple (NASDAQ:AAPL). If you haven't already watched my special report first published on 07/13/13 on Apple, watch it here.
Has Gold Run Out Of Gas?
I will be taking a closer look at Gold (FOREX:XAUUSDO) to see whether the Gold market has run into an important resistance level of $1,340. This could be where gold turns back down and we could see a correction back down to the $1,300 level. I will have in-depth coverage of gold in today's video report. Continue reading "Today's Video Update: Apple Rocks With After-Hours Action"
In today's short educational trading video, I'm going to share with you several technical setups I see in the gold market. Plus, I want to share with you a very simple and successful way to trade this market.
No matter what you think of gold, bull or bear, you will find this video interesting and informative and some might even say, disruptive. I will be analyzing both the macro and micro picture for gold and explain where I see it headed in the next three to six months.
Take a few minutes of your time to learn about two techniques that could really change the way you look at any market.
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So what are you waiting for? Let's get started right away!
Enjoy the video, and every success in your own trading.