Each Week Lo
ngleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
Weekly Gold Report (April 1 through April 5th)
After reviewing notes and performance from last week in the markets, one cannot help but be impressed by the US stock indexes. Despite reaching record levels on the charts, despite mediocre reports, and despite continued concerns about the ripple effect of Cyprus, the buy switch continued to stay on. The same big question still remains, “when will the market retrace”?
I believe that the stock indexes in the US will begin a gradual decline once European news begins to flow again. It has been too long since we heard the likes of Angela Merkel, Francois Hollande, and Mario Draghi. I think back to last year when these three may as well have been the President, Vice President, and Speaker of the House in the US with all of the press they had here. Yet suddenly, they have seemingly disappeared from all news lately. Continue reading "Gold Chart of The Week"
