Another war and then another war and then... what is this Groundhog Day?

If you haven't heard the latest news about North Korea attacking and making aggressive moves towards Yeonpyeonga, a small South Korean island, you missed what moved the gold market today.

South Korea scrambled fighter jets and returned artillery fire after North Korea provoked the peninsula’s most serious confrontation in decades.

What you probably did not know was the $20 move up in gold today was signaled the day before by our "Trade Triangles." How was this possible? It has everything to do with some very cool technology developed by MarketClub.

Is It All Over For Gold?

A week ago everyone was cheering as gold and other commodity markets were making new highs. Last week however, things changed as everyone seemed to want to jump through the same door, at the same time, putting a great deal of downside pressure on many markets.

This phenomenon sometimes happens when people have multiple positions in multiple markets in the same direction. When they start to take profits, there is no one left to buy.

New gold trading video.

Continue reading "Is It All Over For Gold?"

Gold Alert!

Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,382.62 today and remain neutral  for now.  This short-term trade produced a profit of  just over $17 dollars an ounce.

Intermediate and long-term traders hold  long positions.

If you are not yet a member of MarketClub see what you are missing with our  30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.

The #1 Reason Why Gold Collapsed (New Video)

Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there's no one else left to buy.

Another tip-off was on Fox Business News and also on CNBC indicating that gold was going to hit $1400 almost immediately. Well after Tuesday, we know what was to happen to the price of gold. If gold were so strong, should it really have gone down almost $70 in 4 days?
Continue reading "The #1 Reason Why Gold Collapsed (New Video)"

The Ultimate Price Target For Gold

A little while ago we made a video that projected some amazing levels for gold. Given the strong upward trend in gold and the price action on Tuesday the 5th of October, it is worthwhile looking at this video again.

This is a short video, but it will certainly give you some interesting price targets for gold that are based on sound trading principles. I hope you enjoy the video, and as always we would love to have your feedback on our blog.

The video is free to watch and there are no registration requirements.

All the best,
Adam Hewison
President of and co-founder of MarketClub