Is this the Gold move we've all been waiting for?
Is the big move finally here? With so many stops and starts in the gold market, it's hard to know which way is up.
We're only going to leave this online for a short time. Given the state of the current economy, things move quickly. If the video isn't watched soon, it won't be of any use to you. So I urge you to take a few minutes to watch the possible outlooks for gold on the upside.
There is no need to register for this video and of course you can watch it with my compliments. I highly recommend watching this video today otherwise you risk missing out on what could be the move of the year.
Enjoy the video and please give us your feedback on this blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Dan, yes you are right, recovery brings inflation closer, but still not visible, whilst putting the heat under the US$ which is the Gold only driver for now.
This is a difficult game, will we be stopped out at Mr.Hewison's $950 level?A failed strategy does not mean it was wrong to try.
Things are not looking so good for gold. Buyers put a fire under the US$ today.
we have been all over the GOLD trade as well...but I dont like anticipating this supposed run to 1000. FCX sold off on an upgrade, and I dont like how NG retreated and never broke out. Let Gold rip, then play the junior miners is my MO.
-peace-
Being a technical analyst I hate resorting to fundamentals, but until inflation ticks up, I wouldn't touch gold.
I love trade triangles, don't get me wrong, but this market isn't trending, it's still moving sideways. Wait for inflation to take hold, or, for gold to clearly break through 1000 before touching it. Otherwise it seems to me the only one making money from these trades is your broker on his trading fees.
I suspect that no one trusts this gold rally, many have been burnt, false moves, bull traps, etc...long consolidation.
But now we have certain fundamentals moving in golds favour, and the cynicism may perversely increase the duration of the rally..since the real buying has not even begun.
Excellent work as usual from Mr.Hewison.
I so agree with the comments from Joseph in France. You can't fight the manipulation by the New York 'suits' of this particular product and all the sophisticated charts which are accurate normally, have no impact on gold's movement. It is all decided by the boys in NY and don't I just know that
This is a shifty market and is synonymous for wiping out all it's gains over night, at night. Personally I'd rather wait for the profit taking with short positions.
Gold is a truly global, universal market. It is the only true "money." Everything called "money" but made of paper is a mere pretender. Any of these futile attempts by Geithner, Bernanke, ICW, The Fed and other market manipulators to protect their paper are only going to get spanked by the one, true, enduring money, just like those who tried to control the precious metals markets in the early 1980's were schooled on just how large, uncontrollable and indomitable the precious metals markets truly are. Sooner or later, as the hyperinflation of paper money takes full bloom, the prices of gold and silver are going to launch like a roman candle. The dollar and the pound are not the only paper promissory notes printed by the central banks of the world, after all. I would not abandon triangles and technical analysis of precious metals just yet, but I would not use them alone either. They remain an effective indicators along with all market tools. If this market complex is too risky for these tools, it would be an appropriate complex in which to apply prudent money management, risk management and close stops. I also recommend observing crude oil, CRB index, and weekly monetary inflation rates and their announcements as a leading and coincidental indicator of precious metals fundamentals underlying the technical analysis of the metals complex. They will help cut through all the smokescreen-mumbo jumbo produced in New York, Washington and London and mouthed by the ignorant media. All the best always.
Hi Adam, first of all I like the work you are doing. But in the case of gold "normal market rules and technalities" do NOT apply unfortunately. This market is so heavily manipulated, to outrageous criminal levels,that your trade triangle technology is not reliable. Just like last time, a couple of months ago, the same situation wasat hand. The manipulators, the bullion banks icw Geithner and Bernanke,read the same charts and whack the price down by shortselling. It is rumoured they can cover their short position by delivering GLD certificates(not backed by gold bullion). If that is the case forget a run when technicals indicate so. Expect the opposite! Only by a sudden event and by surprise they can get caught offguard. Keeping small positions in Gold. Was burned awfully last year. Best regards from Southern France, Joseph