Happy New Year everyone!
This is my first video for 2011 and I think it's an important one to kick off the New Year.
As you well know, gold took one of its biggest drops in quite some time on the 4th of January and so far it has failed to appreciably recover.
So what's ahead for this most precious metal?
MarketClub is growing so much that even Reuters was seen quoting us on 1/06/11:
On charts, gold cut early losses, bouncing off lows at around $1,362 an ounce, a key support level in line with a series of lows set in December, said Adam Hewison, president of MarketClub.com.
Hewison said gold's bounce up from session lows signals that it has found support after falling this week.
'Every time when gold had gotten down to these levels, it's very close to making a reversal higher,' he said.
Gold has risen toward its record $1,430.95 an ounce level three times since November but failed each time."
Take a few minutes and watch how this one little indicator has been catching the swings in gold incredibly well for the last several months. You may or may not be familiar with this little known profit maker, but if you're not yet using it you certainly want to learn how to profit from it in 2011.
As always all videos are free to watch and there are no registration requirements. If you would like to comment on this video please visit our blog at: http://club.ino.com/trading/
Wishing you a very successful and profitable 2011.
President of INO.com
Co-founder of MarketClub