Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 28th of September.
As we come to the end of the week, and more importantly, the end of the quarter we see gold closing near its highest levels ever on a quarterly basis. So it begs the question, is gold going to become the new Apple for investors?
We think so, and with all of our indicators positive on gold, we believe we will see this market continue its upward trend for the next several months. We would not be surprised to see gold break over the $2,000 level before the end of the year.
It looks like the S&P 500 index is going to have its best closing quarter in 19 months. We would not be surprised to see this market move up on the close, as it is the end of the quarter.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
