The bull market inched higher during Sunday night trading, subsequently pushing gold to its best levels since December of last year. The sudden move down on Monday was a reminder that the 1160 area is an area of resistance for this precious metal.
In this new video on gold, I'll show you some of the indicators that you may want to look at in this market.
As always, our videos are free to watch and there are no registration requirements, but we please share your thoughts on gold in our comments section below.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
55mph
Be flexible.
Thank you for your feedback.
In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.
I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.
In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!
Take a look at these videos and you'll see what I was saying and when I was saying it.
I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move, I want the markets, only by moving Kenny make up a lot of money it's that simple.
So let's all enjoy the upside movement in gold and may continue.
Here is a list of all the videos I've made for the past several months.
Enjoy,
http://broadcast.ino.com/education/gold510/
http://broadcast.ino.com/education/gold420/
http://broadcast.ino.com/education/gold412/
http://broadcast.ino.com/education/gold329/
http://broadcast.ino.com/education/gold313/
http://broadcast.ino.com/education/gold38/
http://broadcast.ino.com/education/5reasons/
http://broadcast.ino.com/education/gold211/
http://broadcast.ino.com/education/gold1216/
http://broadcast.ino.com/education/gold1118/
http://broadcast.ino.com/education/spotgold1112/
http://broadcast.ino.com/education/gold1110/
All the best,
Adam
gulp, new highs 1 year ahead of schedule.
Charles,
I will give it a shot.
Thanks for the feedback.
Cheers
Adam
Hi Adam, appreciate the updates. I don't think I've noticed you do a video on long term treasuries before. With the talk of interest rates and inflation taking place, could you do a video on the 30 Year Bond or something similar?
Thanks.
Excellent Technical Post Adam !!!!
Much better than the last Gold Post.
This is of a quality that better demonstrates your product and was thoroughly enlightening.
Cheers
"unless there is a major worldwide event that triggers a run on gold'
Unless... or unTIL. After all, we have entire countries declaring bankruptcy these days.
Bruce,
Thank you for your feedback.
You are correct I did say that gold would not make another high this year. What I meant by that and my earlier videos shows this -- is that gold would not make a new high over its all-time high of $1226 an ounce.
In my latest video which I just finished you may want to check that out were I point out the action is very similar to a previous time frame when gold was creating an energy field.
Today our daily trade triangles gave a signal to exit from long positions at $1150.30 for a profit of approximately $17. This was for short term traders only. Currently we are on the sidelines for short-term traders.
Our longer-term trade triangles remain positive on gold.
I think we will see more two-way action unless there is a major worldwide event that triggers a run on gold. So far that has not occurred.
All the best,
Adam
Pardon me Adam, but didn't you just published a blog not too long ago (less than 10 days) that gold will not make another high this year? So tell us which one is it? Inquiry minds like to know!
Thanks in advance!