The big secret behind gold's $100 collapse

The question many investors are asking themselves today is, just what happened to the price of gold?

Did the world change? Did the problems in Europe go away? Did all the states manage to find funding to cover their deficits?

No, none of that happened, but gold still dropped $100.

It's all about market perception and timing, two things we've talked about many times before on the Trader's Blog. I don't know about you, but I remember when gold was over $1,400 an ounce and all I could see on TV where ads from gold companies extolling the virtues of buying gold as it is real money. Since the fall, I expect we'll see fewer of these advertisements on TV and in print.

So what did happen to gold? Continue reading "The big secret behind gold's $100 collapse"

Learn how this one little known technical indicator has been nailing the price swings in gold.

Learn how this one little known technical indicator has been nailing the price swings in gold.

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? Continue reading "Learn how this one little known technical indicator has been nailing the price swings in gold."

Gold Alert

Short-term traders exited long position on a RED Daily “Trade Triangle” @ $1,407.30 today and remain neutral for now. This short-term trade produced a Profit of $19.58 an ounce.

Intermediate and long-term traders hold long positions.

If you are not yet a member of MarketClub see what you are missing in 2011 with a  30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.

Adam's 5 Big Market Predictions for 2011

It's that time of year again when everyone who is considered an "expert" comes out of their ivory towers and makes their annual market predictions for the New Year.

It's time to kiss those predictions goodbye.

I can honestly say that I wish I had a crystal ball like these other forecasters, but that's not quite how the markets work. You see, markets don't give a "Rats A**" about what forecasters say or what predictions economists make. The market is the only true voice out there.

Think about that for a moment. How many predictions do you remember that were even close to being spot on a year in advance? I remember several forecasts for 2010 and most of them were far from accurate.

Does it make any sense to trade on a year-end forecast, not knowing what can happen in this crazy world we live in? It doesn't make any sense to me or to other professional traders who never trade based on year-end predictions.

So let's get back to reality and take a look back on 2010 to see what the big trends are showing for 2011.

Continue reading "Adam's 5 Big Market Predictions for 2011"

Gold ALERT

Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,375.85 today and remain neutral for now. This short-term trade produced a Loss of $10.17 an ounce.

Intermediate and long-term traders hold long positions.

If you are not yet a member of MarketClub see what you are missing with our 30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.