40 thoughts on “Short-term traders should be out of gold …”

  3. Do you mean I shouldn't buy Gold Coins to hold for any length of time? I was thinking of getting about $100K. to stuff away for a few yrs.I don't know anything about Stocks But got to this Forum somehow.

  4. Adam's "in a gold next month between the numbers of how technical do you see?
    Thank analysis Khvbt
    My analysis of gold market you take advantage

  5. Considering the purchase of the ITF in the past few days likely reason is high ceiling mirror gold "Cow Market 1350 dollars for gold target

  6. WOW! Hey guys we have a guy who can pinpoint exactly where the market for gold is heading! What a GEM! Thank you so much for your insights! We appreciate you taking time out from your busy life as an astute intellectual to tell us the future of gold prices!

    I'd LOVE to bet against you just on principle.

  7. What I beliave is a different unfolding story due to gold.
    THe moove up looks like a building up tail of monthly canlde, it will not go higher previous high(maybe a bit and then will drop down)
    lets see

  9. Adam, or who ever you are, you can not hide the truth for much longer, face it you are done, so start educating your subscribers!

    1. Bruce,

      Not sure what you're talking about and it is even more interesting to know that you're not even a subscriber to MarketClub. You therefore do not understand what we do, how we do it and how we work to educate our members. If you just want to be rude and make comments that you have no clue there are lots of other forums out there that you can go on.

      Adam

  10. If you're going to use these alerts in this way, just sell 1/2 of your position and let the weekly indicator give you direction for the remaining half. It limits losses and allows for maximized returns on the second half.

    Cheers.

  11. Has anyone heard anything about AMAROK RES INC (AMOK) or Gold American Mining Corp (SILA)? There are small Gold mines.

  12. I've heard this for almost a year now and it hasn't stopped because political uncertainty, instability and abusive monetary policies around the world are causing major demand for gold. I personally don't think technicals even apply. IMO.

  14. When investing in a volatile market, i prefer options for limited exposure and still maintaining the potential for gains. For investing in gold, I prefer DGL, a leveraged ETF of the price of gold. Choose your strike price and time frame. You can quickly bail at a small loss if the market turns negative. Puts are also avilable if you expect a fall back. Always check with your broker or financial advisor. Also, keep in mind that some brokers are less experienced or uncomfortable trading options.

  15. I think the headline says it all: Gold right now is not for short-termers. It's been finding a new bottom - 'volatility' is the name for the short-term. Longer-term? Up.

  16. There are divergences on the weekly graph of GLD (MACD, RSI).

    Adam, what do you think about those divergences?

    Thank you.

  17. ***** GET READY SEPTEMBER, 2010 *****

    NEW HIGHS AS GOLD SHINES TO 1300. BY DEC 2010
    MORE NEW HIGHS AS GOLD SHINES TO 1400. BY JUNE 2011
    AND HIGHER HIGHS AS GOLD SHINES TO 1500. JUST BY CHRISTMAS 2011

  19. BTW the commodities and metal markets are globally traded markets so you need to take the stock market mentality out of the equation, if China or India want to buy a whole lot they will with no mercy, so if you have margins then get rid of them cause you'll get burned as many have already.

    Now Get ready for a religious experience that you have never experienced in your life!

    This is it.

  20. GOLD SHINES TO 1300. 1400. 1500. JUST BY DEC 2010 --
    GOLD SHINES TO 1300. 1400. 1500. JUST BY DEC 2010 --
    GOLD SHINES TO 1300. 1400. 1500. JUST BY DEC 2010

  21. And dont forget GLD and SLV are only for trading. Paper gold is leveraged 100:1, so is not a safe long-term holding.

  22. Bruce,

    Its all about putting the trading odds in your favor - no system is perfect to the day. If tomorrow gold had dropped $50 and MC hadnt given another green triangle, you'd be singing their praises.

    Not sure how you can say its a false signal - from the first green triangle to the recent red triangle, you would have made money. Now, from this triangle to the next who knows.

    chris

  23. GLD and SLV are close to being over-extended. I mean that they have climbed a steep slope in a short period of time. They are both about 5% above the 50DMA and high on the RSI chart. My experience tells me that this advance can not last much longer. My favorite mining stock, SLW is almost to 9%. I am calling for a pullback but it all depends on the geopolitical situation and whether or not there is a case for market manipulation. As a long term trader, I will look for breach of support on weekly signals before getting out.

  24. I got HGD.TO at the market at the opening as it was a full 0.25 under my buy price on Monday.

    Given that Bollinger bands represent equal probability boundaries; a loss of 0.10 from my buy price is equally likely as a 1.00 gain from that price.

    I think the much publicized position of Bloomberg today has driven the price higher. It will fall when Bloomberg dumps what it wants to sell. I know that is cynical but it lets me sleep nights 🙂

  25. Hi Adam: When you go long gold does this include mining stocks & etf's? Many of these are short term overbought now.(doesn't mean they are gonna pull back but....)

    1. Mark,

      We've been long the mining stocks basis our trade triangles and use a longer-term strategy for stocks than we do for commodities/futures. The long-term bull market for gold remains intact in my opinion.

      All the best,
      Adam

  27. 1300 dollar gold soon and will let your top will stabilize "the process of buying gold funds and China and Iran and India Qvty this point in the near future for the growth of gold above 1300 dollars would be
    sohrabibroker

    1. Mark,

      Our daily trade triangles signaled an exit position, not to go short but exit long positions. If you're going to use a game plan you must follow the game plan that is why we issued the alert. As you can see today we had a buy signal and were back in the market. This was only for short-term traders only. Longer-term traders remained long based on weekly and monthly trade triangles. times the markets can be frustrating on a short term view.

      All the best,
      Adam

  31. And where are we now? $1247 ?????

    Another false signal???

    "Should be" is just too strong of a statement! No one has the power of computing to predict the future but by just paying attention to fundamentals I clearly can
    see your flawed reasoning!

    😉

  35. At 8:50 AM Tuesday just shot up: Gold 1243.39 +6.49 +0.52%

    I got out last Thursday and am looking at HGD.TO as the right play. Have not been able to connect at my price but with this blip maybe today.

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