The real price of gold, as adjusted by commodities is making some nice baby steps toward rebounding. Here is a picture of the gold ETF vs. certain key commodity ETF’s and markets, that show the progress of what would be the most desirable condition (a rising real price) for a healthy gold bull.
And then of course there are other notable measures like Gold vs. Stock Markets. Here is the progress vs. SPY and EZU… Continue reading "The Real Price of Gold"
Hello traders and MarketClub members everywhere! Adam Hewison here and today's focus is gold (FOREX:XAUUSDO). It would appear that we are getting very close to seeing a significant reversal in the this market to the upside.
In this short video, I will be looking at a major trend line that has been in place since October 5, 2012. I will also be measuring some important 25 to 26 week cycles that are just kicking in. These cycles have been the driving force in gold over the past 12 months, so you need to pay attention to them.
Sometimes it's not obvious what drives prices and markets. It could be uncertainty or in gold's case, it could be the Ukraine, Syria, or the Dollar potentially losing its reserve status. Or, it could be something completely off the charts, no pun intended. We live in a world now where things can just show up out of the blue with no warning. Continue reading "The Clock Is Ticking On Gold"
Last week, we looked at the cyclical nature of gold prices (FOREX:XAUUSDO) and the fact that gold was potentially at a low in time. Today's upturn in prices may be the beginning of an up move that will push gold back up to the $1,380 level.
At the moment, gold seems to have very few friends and sometimes that is the best time to buy this market. After hitting a high of just over $1,900 an ounce in September of 2011, gold has slowly drifted to the downside. I believe that the $1,200 level is an important area of support for this precious metal and should not be overlooked.
You have heard me say many times before on this blog that perception in the market is everything. Right now, the perception is that gold is not going to go anywhere in a hurry. While it may turn out to be true, there are certain clues out there indicating that gold could rally $150-$200 from the most recent lows. I'm sure many of you can recall when gold was trading close to $1900 an ounce, the talk of $2,000 $2,500 was all the rage amongst the traders. Right now with gold on the defensive and people calling for the gold market to go to $1,000 or even $800 an ounce, it's just the reverse situation. Sometimes it's psychologically difficult to turn your thinking around and that's why MarketClub's Trade Triangles do so well by giving you an unbiased opinion of the market. Continue reading "Is This The Move In Gold You Don't Want To Miss?"
Hi guys, just back from vacation in Canada, had a great time. If you ever have the opportunity to get up to see the Canadian Rockies or ride on the Rocky Mountaineer I highly recommend it. Lake Louise one of the most famous spots in the Rockies because of its natural beauty still was frozen on June 1st. We also ran into many closed roads because of the snow.
It is good to be back and while I was away and see some of the markets have reversed, and some stay strong. Looking at the markets, I see that the strong upward trends in equities are continuing, and that's something we've been following for quite some time.
It also looks like the Gold (FOREX:XAUUSDO) market is now mixed, and the same goes for the Dollar Euro market. Strong trends persist in the crude oil market and will you be following these and other trends in today's video.
So let's get started and see what's going on in the markets right now. I will analyze the markets major and minor trends and share with you what I think is going to happen next week.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
Very few people know that the United States did not create a monetary unit pegged to "buy" some amount of metal, as if the dollar were some kind of money independent of metal.
In 1792, Congress passed the U.S. Coinage Act, which defined a dollar as a coin containing 371.25 grains of silver and 44.75 grains of alloy. Congress did not say a dollar was worth that amount of metal; it was that amount of metal. A dollar, then, was a unit of weight, like a gram, ounce or pound. Since the alloy portion of the coin was nearly worthless, a dollar was essentially defined as 371.25 grains -- equal to 24.057 grams, or 0.7734 Troy oz. -- of pure silver. (15.43 grains = 1 gram, and 480 grains = 1 Troy ounce.)
In a nutshell, a dollar was equal to a bit more than 3/4 of an ounce of silver; or, in reverse, an ounce of silver was equal to $1.293.
The same act declared that a new coin, called an Eagle, would consist of 247.5 grains of gold and 22.5 grains of alloy. It valued this coin by law at ten dollars, meaning 3712.5 grains of silver. Continue reading "The Government's Disastrous Reign over U.S. Money"
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