GOLD Alert this morning
Short-term traders went long on a GREEN Daily “Trade Triangle” @ $1,372.77 today.
Intermediate and long-term traders continue to remain in 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.
Is gold stuck between a rock and a hard place?
The gold market has been pushing out its normal level of frustration and anxiety for the past several weeks.
So the question becomes, is the gold market pausing to move higher, and of course the Bulls would argue this, or is it forming the head and shoulders top that many technicians are looking for? Of course, this would be a bearish sign for gold if this technical formation is completed.
I’ve just finished a short video that shows you what we’re looking at right now in gold and how I think it is going to be resolved. The video is a little over 2 minutes. It’s quick and to the point while supplying you with what you need to take your place in or out of this market.
Why ETFs are taking over the global markets
A recent article in the publication Barron’s pointed out one of the big success stories in 2010 has been the growth of the ETF market. This market is expected to close out the year around $1 trillion up from $794 billion at year-end 2009.
For quite some time now we at MarketClub have been big fans of ETFs for investors. There are several reasons for this, but one of the great reasons is the easy way it allows investors to diversify their holdings not only across different markets, but also across different countries. We utilize this particular strategy in 2 popular ETF portfolios that we have constructed for MarketClub members.
Is China Behind North Korea’s Aggression?
What do you think is going to happen between North and South Korea? Is China the puppet master behind this escalating global crisis?
Loading ...Gold ALERT!
Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,356.15 today and remain neutral for now. This short-term trade produced a loss of $5.83 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.
5 Ways To Tackle The Gold Market
Without a doubt the most polarizing and talked about commodity is the precious metal, GOLD. For some traders it encompasses their entire portfolio, but for others it can seem quite daunting.
Next week (December 2nd @ 4PM EST/9PM GMT) our own gold bug and MarketClub co-founder, Adam Hewison will demystify this popular commodity and analyze some of the most popular ways to trade this metal.
Whether you’re a veteran gold bug or looking to start trading this popular precious metal, this webinar is for you. Adam will be looking at some of the most commonly asked questions like: Read more
Forget GM, move over Ford, this car company is up 50% in the last two weeks!
It’s hard to believe that this little car company, is up 50% in just two weeks. MarketClub’s “Trade Triangle” technology definitely spotted this one early and it shows quite clearly on the chart. This is one of the many advantages of using a program that is non-biased, does not listen to any news, does not get sick, and this totally devoid of emotion.
Another war and then another war and then… what is this Groundhog Day?
If you haven’t heard the latest news about North Korea attacking and making aggressive moves towards Yeonpyeonga, a small South Korean island, you missed what moved the gold market today.
South Korea scrambled fighter jets and returned artillery fire after North Korea provoked the peninsula’s most serious confrontation in decades.
What you probably did not know was the $20 move up in gold today was signaled the day before by our “Trade Triangles.” How was this possible? It has everything to do with some very cool technology developed by MarketClub.
Your vote really does count on MarketClub
Let me begin by thanking all of those who took part in our recent poll on GM. As you know, GM began trading as a new company last week. We were happy to see that many of you had a pretty strong feeling about what you want to do or do not want to do with this stock.
As of this writing we have received 1,744 votes. Out of those votes, 78% of you said you would not be interested in buying GM stock. In fact, Steve said in his feedback, “Americans may shun GM but China is getting behind the wheel.” I must say that it was interesting for me to hear that they’re selling cars in China. That may be true, but during my visit I did not see that many Chevys in Shanghai or Beijing. What I did see were an awful lot of VWs and Audis. These two brands seemed to dominate the Chinese market.
I’m often asked if I would actually trade in GM stock. Well, I would when we have more data and a compelling reason to do so. Right now like many Americans I’m very leery of having the government involvement in any type of investments. The government does not have a successful track record in any endeavor that I’ve seen them take. If there are any readers of this blog the could share some government success, we certainly would be happy to post it right here.
Let’s take a look at some of our other comments on GM: Read more
There’s no quick fix for the global economy.
Regardless of what others might say, there is no quick fix for the global economy.
To illustrate this point, a friend of mine recently sent me a chart which I would like to share with you. This charts shows that we may be going into a prolonged period of no growth in the overall stock market. The NASDAQ peaked at 5,132.52 on March 10th, 2000. The NASDAQ market is in many ways more important than the DOW, and should be considered more of a leading indicator. If that is truly the case, then we have been in a bear market for the last eight years.
Trading throughout the balance of this decade and into the early part of the next decade is going to be the key to survival and for recovering the profits in your portfolio. We strongly recommend that you approach these markets with some level of expertise and knowledge of technical trading.
The future is going to be the future and we need to take advantage of every moment and prepare ourselves to be the very best we can be in whatever business or endeavor we are pursuing.
Loading ...Every success in the future,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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