Hello MarketClub members everywhere. It has been quite a week with gold, stocks and oil all moving in the same direction and that is higher. I have said this before; it is sometimes best to just to go with the flow and not try to overthink or inject what you may feel fundamentally about the market. I thought I would do something a little different this week by including some questions from the MarketClub members blog. Here are just a few of the valuable questions and feedback we have received in the last few days from our members. We are not publishing member names because after all, we all appreciate a little privacyA member reflects on their thoughts about gold
"The gold seems like in a trading range now, the overall market does not seem to be convinced that it is good to stock up more gold with the interest rate may go up. I still think the gold will go up a bit more, but it may come down more first. The daily trade triangle seem to alternate between green and red on a daily basis."A good question from a member
"Adam, could you continue with your analysis every few days on Kinder Morgan (KMI). Its a very interesting trade in relation to crude oil prices. Its seems that KMI is currently locked in a trading range between $20 and $21 as if the stock is deciding whether it should go up or go down..."Great feedback on KMI from one of our members
"For what it's worth, here's what I've been doing with KMI. I've owned the stock (nice dividend) and OTM call options on it since February. I bought more stock and quadrupled my options on it a couple months ago. I believe it is getting ready to go much higher and if it shows signs of doing so, I will buy more stock and quadruple my options again. KMI is a "slow climber," almost like a utility, so patience is required, but the direction of least resistance at this point appears to be up. As usual, however, any signs of medium-term weakness and I will hedge my position; any sings of long-term weakness and I will exit my position. Hope this helps." In today's video update, I will be covering gold (FOREX:XAUUSDO), crude oil (NYMEX:CL.U16.E), the major indices and Kinder Morgan Inc. (NYSE:KMI) and Barrick Gold Corporation (NYSE:ABX).
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