Tag: Gold

What's really going on in the markets?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 26th of November.

EQUITIES EXPLODE TO THE UPSIDE, BUT IS THE MOVE FOR REAL?
Last Friday the equity markets jumped dramatically to the upside. Is this a turnaround reversal, or is just a dead cat bounce in a longer-term bear market? At the present time our Trade Triangles are in a negative mode indicating that it was a short covering rally in a bear market.

YES! GOLD EXPLODES TO THE UPSIDE
The Wednesday before Thanksgiving we said to watch gold, as a move over the $1,738 level basis spot gold would indicate that all is not well fiscally in the world. This level was breached last Friday in a shortened trading week. With all of our Trade Triangles in a positive mode, you should now be fully long gold to protect your purchasing power. Continue reading "What's really going on in the markets?" →

Gold Chart of the Week

Posted on by The INO.com Team

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 (November 26 through November 30)

After a strong finish last week in most major global markets, we begin this week flat after the festivities.

Following the Thanksgiving Holiday in the United States, traders were lined up to buy anything that they could get their hands on during Friday’s shortened trading day. It seemed that markets were still reacting from news earlier in the week, and probably taking advantage of the light volume opportunity.

Throughout the shortened week, markets like Gold were moving sideways to higher following news in the United States that Democrats and Republicans were enthusiastic about the upcoming “Fiscal Cliff” negotiations. Across the pond, European news suggested that while no final decisions were made regarding Greece yet, a good old fashioned can-kicking would suffice. The Eurogroup/IMF Meeting will continue today to decide on Greek Debt and the next tranche of cash. Prior to the meeting, it was reported that “considerable progress” has been made. Apparently, these delayed decisions were enough for investors like George Soros and John Paulson to report they had added to their already hefty long Gold positions. Continue reading "Gold Chart of the Week" →

Slow trading before Thanksgiving, unless ...

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 21st of November.

SLOW TRADING, UNLESS ...

It is going to be slow trading today as many traders and investors have taken off for the Thanksgiving holiday. The only fly in the ointment that would spark a major move would be an escalation of conflict in the middle east.

We do however, expect the markets to remain on the quiet side for the balance of the day. With volume down for all asset classes for the year, we see little reason for anyone to jump into the market today and begin trading.

We will not have a broadcast on Friday the 23rd. Our next broadcast will be on Monday the 26th. To all of our American members and friends, we wish you a happy Thanksgiving!

FOR THOSE OF YOU WHO WILL BE CHECKING PRICES ON THE 22nd Continue reading "Slow trading before Thanksgiving, unless ..." →

HUI-Gold Ratio; 3 Views, 1 Conclusion

Posted on by The INO.com Team

Here is a little snippet from NFTRH 213 that showed the important indicator of gold sector health, the HUI-Gold Ratio (HGR) from three different views; daily, weekly and monthly.  As you can see, daily must hold to keep the weekly intact, which in turn must hold to keep the monthly big picture of the secular bull (for the HUI, not this sad looking ratio) intact.

This is a difficult sector to own and indeed these charts say it is best to trade the stocks regardless of what one does or does not do with the bullion.  But the conclusion is that until the HGR breaks down to a lower low, the current situation is viewed as a buying opportunity.  On the other hand, HGR will serve as a handy risk management indicator if it should unexpectedly collapse.  From #213: Continue reading "HUI-Gold Ratio; 3 Views, 1 Conclusion" →

Can a 12-year bull market continue in 2013?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 20th of November.

12 YEAR TREND

For the past 12 years, gold has been in an uptrend by closing higher every year. We have had pullbacks, but for the most part, if you had bought gold at the beginning of the year and held it to December 31st, you would have made money. The question is, can this powerful trend continue through to 2013? Predicting one year into the future is a tricky business for anyone and it is one that we do not engage in here at MarketClub. We prefer to rely on our tried, trusted, and market proven Trade Triangle Technology that has produced consistent results for the gold market over the years.

A move over the $1,738 level, basis spot gold, will indicate that all is not well fiscally in the world. Should this level be breached during this shortened trading week, you should buy gold to protect your purchasing power. This could be in the form of a futures contract, an ETF (GLD or IAU), or physical gold.

OIL FLASHES A BUY TRADE TRIANGLE Continue reading "Can a 12-year bull market continue in 2013?" →