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 (March 18th through March 22nd)
And so it begins. The first wave of profit taking came on a Sunday night thanks to reports from Cyprus that banks may begin taking money from accounts to help satisfy debt. While the final vote on its implementation has been postponed until later today, the news alone of banks seizing money from account holders at will was enough to have not only European investors concerned, the worry carried over to markets globally. Continue reading "Gold Chart of The Week"
Short-term traders exited long position on a RED Daily “Trade Triangle” @ $1,496.00 this evening and remain neutral for now. This short-term trade produced a Profit of $20.37 an ounce.
Intermediate and long-term traders hold long positions.
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From the digital studios of MarketClub
Here is a simple question for you: which would you rather buy right now, gold or silver?
Gold has incredible amounts of emotional baggage attached to it, while silver is in a different league - at least for the moment. This video will show you two indicators that can help you capture either market when and if the upward trend decides to resume.
With all of the world's troubles, there are plenty of reasons why one would think that both of these markets should be much higher. The question is, why aren't they? I think that the video you're about to watch will help answer some of those questions. Continue reading "Which would you rather buy right now, gold or silver?"