When Will Gold Finally Take Off Again?

By Jeff Clark, Casey Research

Gold's pullback a year ago no doubt shook out a lot of nervous buyers. They got in on the rise, they got nervous on the pull back. They sold, and they lost.

That's just the way the market works.

But it's a shame, because when we look logically at gold's historical performance – for example over the last 12 years – we see that holding their nerve, tough though it can be, will most likely turn out to be the best approach, and for good reason. Continue reading "When Will Gold Finally Take Off Again?"

Daily Video Update: Did Apple deliver and is the FED going to do it?

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 13th of September.

Did Apple deliver? Is the glass half full or half empty? Now that the iPhone5 is out, the question becomes did Apple deliver a superior product and a new game changer for the industry? Only time and the market can answer those questions.

Apple and the German courts have all made their announcements this week. That info has been talked about and digested and is now off the table. The market is now waiting for the Fed, which will announce their decision and view on the economy at 12:30 today. The FED seems to have done a better job than Apple in keeping their cards close to their vest on this announcement.

The market is divided in terms of whether the FED is going to give us another QE3, an ongoing QE program, or do nothing. A small minority think there will be nothing announced today and the Fed will continue to watch their data for more signs of a recession.

We know what the charts are saying and prefer to go with that sentiment over all others.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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Daily Video Update: All eyes turn to Apple today, and the Fed tomorrow

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 12th of September.

The big news today is Apple and the possible launch of the new iPhone5. Is this going to be enough to spark the GDP as some have suggested? And in turn, propel the NASDAQ, the DOW and the S&P 500 to new highs?

In other big news today, the German court allowed ratification of the bailout fund with conditions. That positive news out of Germany was enough to raise European shares to 14-month highs.

We still believe that Greece is going to exit the Euro and we still believe that Spain and Italy have problems that have yet to be faced. If interest rates are held down, perhaps they can squeeze by, but the austerity measures are going to be hard to live with for some of these countries.

Are Ben Bernanke and the Federal Reserve going to begin inflating the economy again with another QE program? This would be QE3, and the market seems to be banking on that possibility and more positive news out of the Fed. As we mentioned yesterday, the charts are telling us that something big and positive is going to happen, it's only a question of when. If the third stimulus is approved, that's what is going to propel the markets to move to new highs.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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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 (September 10 through September 14)

As we begin the last of a three week stretch of policy statements from the United States and Europe, the Precious Metals maintain their upward bias.

December Gold futures rallied to another new high overnight, as traders continue to price in last week’s news from Europe and anticipated bullish news from the US FED this Thursday. Continue reading "Gold Chart of the Week"

Daily Video Update: Stranded on a desert island with a major buy signal

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 11th of September.

On Wednesday, we have the German courts ruling on the Euro area's permanent bailout fund. On Thursday, we have the Fed possibly coming in with another QE to the rescue. But is this all really that important to the markets? The reality is the markets tell you what they want to do and right now they are telling us they want to go higher.

One of the very best traders I have ever had the good fortune to run into lived on a mountain in Switzerland. He didn't listen to news or market rumors, he simply went with the market. In other words, he traded the markets on a technical basis.

He could have been on a desert island, it didn't matter, he just didn't pay attention to the news or listen to the market rumors that fly around the trading floors everyday.

He relied purely on market action to make his decisions, and he made millions!

So let's keep it simple, or as my Swiss friend used to tell me, "they don't pay you anymore for making it complicated." It may be different in the government, but in trading, simpler is better.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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