Today I'm going to take a look at the gold market. While many traders have been frustrated with this market for the past several month, it has in fact performed quite well given the generally negative feeling for most markets.
Continue reading "Gold ... is it time for this market?"
Tag: Gold
Gold Conspiracy
I'm confident that there are thousands of blog lurking gold bugs who are going to want to comment on this article from Mark Leibovit of VRGoldLetter.com. Mark hits on a number of issues, which include a possible conspiracy theory. Mark will be on PBS tonight talking about Gold, and if you visit VRGoldLetter.com, be sure and use the promo code "INO" for a discount.
But more importantly read the piece below and let the comments fly! It's time for all of those blog lurkers to make their thoughts and opinions known!
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In the short term, the precious metals, especially Gold, are trading counter to the stock market, but we have also seen precious metals rally along with stock market during the 2003 and 2008 bull cycle. Regardless, in the long-term, precious metals should rally because of currency debasement and the resulting inflation which follows. I have recently inaugurated the VR Gold Letter (which covers most other metals as well) to focus on the unique opportunity ahead in the natural resource arena.
See how we did trading, corn, wheat, soybeans, crude oil, gold and the dollar index for Q1 of this year.
Q1 - 2009 Results
The first quarter of the year proved to be very challenging for many traders and MarketClub as well. We have been tracking the same six markets for the pat seven quarters now. Although we have had tremendous success with our signals, this quarter we had four markets which presented profits, while two of them produced losses. Not ideal.. but real.
Click on read more to see our results chart and what's coming down the pike
The BIG FIVE TRENDS
The BIG FIVE TRENDS
In my new, short five minute video, I analyze the major trends in what I call the big five. We'll be looking at the DOW (INDEX_DJI), the Dollar index (NYBOT_DX), crude oil (NYMEX_CL.J09.E), gold (FOREX_XAUUSDO), and the CRB index (NYBOT_CR).
I will show you step-by-step how to analyze each of these markets quickly to get the trend.
Once you discover this simple approach, you'll be amazed at just how accurate it is over time.
This is one of my most important videos and I want you to be able to see it without having to register or pay a fee to watch it. I honestly believe that my new video can make a world of difference to how you approach the markets in the future.
Every success and enjoy the video.
Adam Hewison
President, INO.com
Co-creator, MarketClub
Gold Skyrockets To New Three-Month High
Gold Skyrockets To New Three-Month High
Today's action in gold (XAUUSDO) pushed all of our "Trade Triangles" into a positive position, reconfirming the bullish outlook for this metal. This morning our daily "Trade Triangle" indicator, dynamically flashed a buy signal at $919.70. This market action has caused all of our weighed criteria to move in a positive direction, including our monthly "Trade Triangle" which issued when the price moved over the $932 level.
This market is now in a fully fledged Bull Run and I expected to see the $1,000 an ounce level reached in the not too distant future.
