3 Reasons Why You Should Be Watching Gold

Posted on by The INO.com Team

Greece has once again "kicked the can down the road," but they may not be out of the woods yet according to the European Commission, European Central Bank and IMF, who have all warned Greece that action speaks louder than words.

That brings me to the point of today's blog posting, and that is action speaks louder than words. In our case, it is market action that speaks louder than Fed Chairwoman, Janet Yellen, or any other verbiage that comes out of a politician's mouth.

With that thought in mind, I'm going to take a look at the market action for all the major markets today, with a special look at gold (FOREX:XAUUSDO). I'll give you three reasons why you should be watching this market.

It would appear at the moment that many of the world’s disruptive events like Ukraine, Greece and the Middle East are all in a temporary recessionary mode at the moment. That leaves the markets themselves to determine their trends. Market action will always point the way to the next big moves as opposed to words and promises from world leaders.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

6 thoughts on “3 Reasons Why You Should Be Watching Gold”

  1. The last 5 years have seen what should have been incredibly bullish catalysts for gold. How has that worked out for you? Still no capitulation or real fear from those who have been sickeningly wrong (and fail to admit it) that is not how major bottoms are made. US dollar in a bull market, not bullish for gold. Pretty simple.

    1. Lyle,

      Thank you for your feedback. I am not sure how you trade or approach the gold market, but for me a market that moves is one I want to trade.

      I for one cannot ignore $100 and $200 swings in the price of gold. Sooner or later there will be another bull market in gold just like we have seen a big bear market in crude oil this year. Nothing goes up forever and nothing goes down forever.

      Just a thought.

      Adam

  3. Congratulation, this was the best coment I ever red anyplace. Short and up to the point, no if and when and but or may be. Just put in to buy an other 10.000 Heckla HL at the market.

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