How to take money and emotion out of the gold market

Posted on by The INO.com Team

Perhaps no other market in the world elicits such emotion and passion than the world's gold market. One only has to mention gold, and theories just come out of the woodwork in regards to conspiracy, market manipulation, and a host of other less than savory subjects.

So what's a trader to do?

Regardless of how you feel about gold, this market presents some great trading opportunities that you can capitalize on using our "Trade Triangle" technology.

Now, hard-core gold bugs will not subscribe to this method of trading as they prefer to buy physical gold and hold onto it or bury their bars in their backyard, and to be honest with you, there is nothing wrong with that belief.

I've been asked to update our outlook on gold, so I thought that today I would make a short video to share with you some of the points I see in the current market.

As always, our videos are free to watch and have no obligation. The only thing that we ask is that you share your views on our blog. The views can be bullish on gold or bearish on gold, the choice is yours to make.

Enjoy the video,

Adam Hewison
President, INO.com
Co-creator, MarketClub

35 thoughts on “How to take money and emotion out of the gold market”

  1. Kim,

    Thank you for your feedback.

    I think the important thing and one we press home at MarketClub is trading with a game plan. Most traders do not trade with any type of plan and consequently are surprised and shocked when the market goes the other way. I think this is was what happened to the gold market.

    Stops are part of MarketClub's daily triangle technology. It's very powerful and can help protect capital. You could also use the parabolic indicator or some of the other online tools we provide at MarketClub.

    The important thing is to use stops to protect capital.

    All the best,
    Adam

  2. Hi Adam,
    I've been following your free video posts closely for nearly 8 months and the calls on gold have been very insightful. My question relates to your latest gold post re 'Where to place stops in Gold" You've indicated the price point but can you elaborate on why that bar and what is your methodology for setting stops. The gold trades you've highlighted in the past have been big position trades requiring similarly large stops, so I'd like to hear your rationale for setting your stop levels. Thanks.

  4. Yes, Adam, leaving the same comment looks very bad, better not answering at all.
    Please let me know why you did not trade the triangle that formed right after Feb 14? Indeed if you were going to do that and trade the following triangles you were going to lose some money of course. So what kept you out from that?
    I only hope you will answer with a new post, please stop copy and pasting, it looks awful.
    Thanks
    Max

  5. 2% ??? that 17 dollars made my gold stocks run up like crazy dan omaha! gold stocks give you more leverage than owning the bullion dan..... by the way where is richard who said we all know what happens to gold when the dollar is strong ! hahahaha lol in this case the dollar is strong and gold had made new highs ! TOLD ALL OF YOU HAHAHAHAHAHAHAHA

  6. Hi Adam,
    I’m new to trading, and enjoy your educational videos, thanks for taking the time to make them, and helping me out with learning new indicators etc, please don’t stop because things haven’t gone just so right with predictions ,who cares ,everyone’s making money with your stuff still ,no point being greedy ,I see you’re coping a bit.
    Thanks also to the others who post especially the one on other xau/ crosses, will keep an eye on that for trend help in FX trading
    My problem is how can one get bullish on something like gold that has no value except as a clumsy heavy means of exchange, that sits round in dark volts in its pure form creating nothing for the world we live in except holes in the ground and the expense of getting it out, will mankind ever learn you cant eat it. Will we ever reach a level of human development that what we trade with doesn’t have to be so destructive to the planet with pollution and war etc.
    But gold fever shore does bring out emotion I wouldn’t live in wonderful New Zealand if the lure of striking it rich hadn’t brought my ansesters here in a gold rush. Could be why I’m interested in trading it.
    What’s the answer to controlling spiralling debt levels that are only going to see gold spirals with the loss of faith in paper money, or is there something positive being done out there, by world government etc on the increasing debt levels and loss of faith in paper money? Can anyone point me to it, I always looking for a contrarian trade, or do I just go long gold like the herd?
    Cheers Dan

    1. Dan,

      Love NZ.

      I have a daughter who lives there and married a Kiwi to boot!

      The only answer I have to gold is to have a game plan like our Trade Triangle technology.

      All the best,
      Adam

  7. $17 from $1130, give me a break. Making less than 2% can't make any traders any money.

  8. Hi Adam,
    I'm not sure it's a good idea to post the same response 8 times! If it doesn't really respond to the poster's comment may be best to just not respond. I did not say anything at all about you being long term bearish on gold. I know you have said you are long term bullish (particularly in 2011 but just a few weeks ago felt it would move sideways for several months yet... which doesn't seem to be the case). My only point was that gold IS in a strong bull market and trying to trade every little bump is futile. May-be just trade when it gets very overbought and there is a greater chance of a larger pull back??

  9. Does anyone think Adam walks on water? He is often right and sometimes wrong. One of the best take-aways on Lefevre's book on the career of Livermore the famous trader; is never trade on tips. I believe that Adams thoughts should be grist for the mill and his thoughts plus TA, plus trade triangles are all valuable and should all be used to make your own decisions.

    I agree with Pablo Adam, if you don't have anything to say to some of the comments, it's better to not say anything rather than repost watch the videos.

  10. Your emotions also play a major role because if it is not set right and controlled you can find yourself making rash decisions.

  11. Adam, all you do to answer the posts is copy and paste, copy and paste, maybe it would be better for you to say that your prediction about gold not making new highs was wrong, if you answer always the same, avoiding this last thing, You don´t look good..

    I really preciate your posts

  12. Chuck,

    Thank you for your feedback.

    In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.

    I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.

    In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!

    Take a look at these videos and you'll see what I was saying and when I was saying it.

    I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move on. I want the markets to have big moves thats when you make a lot of money it's that simple.

    So let's all enjoy the upside movement in gold and may continue.

    Here is a list of all the videos I've made for the past several months.

    Enjoy,

    http://broadcast.ino.com/education/gold510/

    http://broadcast.ino.com/education/gold420/

    http://broadcast.ino.com/education/gold412/

    http://broadcast.ino.com/education/gold329/

    http://broadcast.ino.com/education/gold313/

    http://broadcast.ino.com/education/gold38/

    http://broadcast.ino.com/education/5reasons/

    http://broadcast.ino.com/education/gold211/

    http://broadcast.ino.com/education/gold1216/

    http://broadcast.ino.com/education/gold1118/

    http://broadcast.ino.com/education/spotgold1112/

    http://broadcast.ino.com/education/gold1110/

    All the best,
    Adam

  13. Greetings Adam,
    I do generally find your analysis and insights useful and do appreciate them, so I am not out to be negative, but I'm not sure this video provides support for trading this gold bull market. You noted that you made $50 through the several trades from $1133.19 on Apr 5 to the current price of $1201.51 at the time of the video on May 10. However, if you would have just held it all the way from $1133.19, and not traded, the gain would have been $68.32, 35% more than the $50 made from trading. Sometimes in a strong bull market like gold it might be better to ride through some of the little bumps rather than trying to trade each one!! Just a thought. Thanks again for your insights.

    1. Darwin,

      Thank you for your feedback.

      In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.

      I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.

      In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!

      Take a look at these videos and you'll see what I was saying and when I was saying it.

      I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move on. I want the markets to have big moves thats when you make a lot of money it's that simple.

      So let's all enjoy the upside movement in gold and may continue.

      Here is a list of all the videos I've made for the past several months.

      Enjoy,

      http://broadcast.ino.com/education/gold510/

      http://broadcast.ino.com/education/gold420/

      http://broadcast.ino.com/education/gold412/

      http://broadcast.ino.com/education/gold329/

      http://broadcast.ino.com/education/gold313/

      http://broadcast.ino.com/education/gold38/

      http://broadcast.ino.com/education/5reasons/

      http://broadcast.ino.com/education/gold211/

      http://broadcast.ino.com/education/gold1216/

      http://broadcast.ino.com/education/gold1118/

      http://broadcast.ino.com/education/spotgold1112/

      http://broadcast.ino.com/education/gold1110/

      All the best,
      Adam

  15. wow adam you really messed up when you said gold wouldnt hit a new high this year... im so sad you didnt look more strongly at the fundamentals of the market like the bail out..geeeezzzzz

    1. Mosher,

      Thank you for your feedback.

      In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.

      I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.

      In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!

      Take a look at these videos and you'll see what I was saying and when I was saying it.

      I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move, I want the markets, only by moving Kenny make up a lot of money it's that simple.

      So let's all enjoy the upside movement in gold and may continue.

      Here is a list of all the videos I've made for the past several months.

      Enjoy,

      http://broadcast.ino.com/education/gold510/

      http://broadcast.ino.com/education/gold420/

      http://broadcast.ino.com/education/gold412/

      http://broadcast.ino.com/education/gold329/

      http://broadcast.ino.com/education/gold313/

      http://broadcast.ino.com/education/gold38/

      http://broadcast.ino.com/education/5reasons/

      http://broadcast.ino.com/education/gold211/

      http://broadcast.ino.com/education/gold1216/

      http://broadcast.ino.com/education/gold1118/

      http://broadcast.ino.com/education/spotgold1112/

      http://broadcast.ino.com/education/gold1110/

      All the best,
      Adam

  16. A month ago your "short video" said to get out of gold, that it could potentially break below $1000 per ounce.
    Now your trend triangles are showing +100 ?

    I think your system "predicts" the past very well.

    1. Alex,

      Thank you for your feedback.

      In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.

      I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.

      In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!

      Take a look at these videos and you'll see what I was saying and when I was saying it.

      I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move on. I want the markets to have big moves thats when you make a lot of money it's that simple.

      So let's all enjoy the upside movement in gold and may continue.

      Here is a list of all the videos I've made for the past several months.

      Enjoy,

      http://broadcast.ino.com/education/gold510/

      http://broadcast.ino.com/education/gold420/

      http://broadcast.ino.com/education/gold412/

      http://broadcast.ino.com/education/gold329/

      http://broadcast.ino.com/education/gold313/

      http://broadcast.ino.com/education/gold38/

      http://broadcast.ino.com/education/5reasons/

      http://broadcast.ino.com/education/gold211/

      http://broadcast.ino.com/education/gold1216/

      http://broadcast.ino.com/education/gold1118/

      http://broadcast.ino.com/education/spotgold1112/

      http://broadcast.ino.com/education/gold1110/

      All the best,
      Adam

  17. YES FEEL FREE TO WATCH ALL THE FREE VIDEOS AND DONT FORGET ON MARCH 29 2010 ADAM SAID NO NEW HIGHS IN GOLD THIS YEAR AND HERE IT IS LESS THAN 2 MONTHS AFTERWARDS AND WE HAVE A NEW HIGH TODAY ! OLD HIGH WAS ! 1226.37 NEW HIGH ACHIEVED TODAY WAS 1232.50 ! ALL his buddies were commenting against my comment on a new high in gold will appear... oh they sounded ohhh so smart hell, even adam commented on their oh so intelligent comments .....WELL ....they sure knew what they were talking about huh? hahha i mentioned the bailouts and the world crisis and they still came with their talk that sounded so smart... one guy said i am making lotta cash- which i am hehe.... and that i was not a happy camper... GUESS WHAT! I MADE A TON OF CASH TODAY AND IM REALLY HAPPY !! GOTTA GO BACK TO THE CELEBRATION IM HAVING AT POOLSIDE ! GOOD LUCK WITH YOUR TRADE TRIANGLE STUFF ! STICK WITH FUNDAMENTALS OF THE MARKET WHEN YOU WANT TO KNOW WHATS DRIVING UP GOLD ! GOVTS PRINTING MONEY HUGE AMOUNTS FOR BAILOUTS YADDA YADDA BLAH BLAH BLAH I TOLD YOU SO !!!!! HAHAHHAHAHAHAH CHARTS LIKE ADAM SHOWED ON GOLD DO NOT I REPEAT DO NOT OVERIDE THE BASICS OF OBVIOUS FUNDAMENTALS THAT ARE DRIVING UP THE PRICE OF GOLD AND WILL CONTINUE TO DO SO FOR YEARS TO COME ! GOOD LUCK ADAM DONT BE SO CLOSED MINDED ... GOLD SURE DID HIT A NEW HIGH TODAY DIDNT IT!!!!!

    1. Lou,

      We made a ton of money also.

      Thank you for your feedback.

      In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.

      I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.

      In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!

      Take a look at these videos and you'll see what I was saying and when I was saying it.

      I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move on. I want the markets to have big moves thats when you make a lot of money it's that simple.

      So let's all enjoy the upside movement in gold and may continue.

      Here is a list of all the videos I've made for the past several months.

      Enjoy,

      http://broadcast.ino.com/education/gold510/

      http://broadcast.ino.com/education/gold420/

      http://broadcast.ino.com/education/gold412/

      http://broadcast.ino.com/education/gold329/

      http://broadcast.ino.com/education/gold313/

      http://broadcast.ino.com/education/gold38/

      http://broadcast.ino.com/education/5reasons/

      http://broadcast.ino.com/education/gold211/

      http://broadcast.ino.com/education/gold1216/

      http://broadcast.ino.com/education/gold1118/

      http://broadcast.ino.com/education/spotgold1112/

      http://broadcast.ino.com/education/gold1110/

      All the best,
      Adam

  19. hi Adam i truely appreciate your reports recarding the gold market,but i noticed that you always end it with some confusing words leaving the readers with no direction to go. so please would you be more clear about your opinion in gold market. last time when i read your report concerning the new highs in gold for this year, i thought it will not reach this point and now suddenly everything is changed ( as i see you bullish from 1192. it is so confusing for me would you help me knowing what happend.

    1. Thamer,

      Thank you for your feedback.

      In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.

      I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.

      In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!

      Take a look at these videos and you'll see what I was saying and when I was saying it.

      I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move on. I want the markets to have big moves thats when you make a lot of money it's that simple.

      So let's all enjoy the upside movement in gold and may continue.

      Here is a list of all the videos I've made for the past several months.

      Enjoy,

      http://broadcast.ino.com/education/gold510/

      http://broadcast.ino.com/education/gold420/

      http://broadcast.ino.com/education/gold412/

      http://broadcast.ino.com/education/gold329/

      http://broadcast.ino.com/education/gold313/

      http://broadcast.ino.com/education/gold38/

      http://broadcast.ino.com/education/5reasons/

      http://broadcast.ino.com/education/gold211/

      http://broadcast.ino.com/education/gold1216/

      http://broadcast.ino.com/education/gold1118/

      http://broadcast.ino.com/education/spotgold1112/

      http://broadcast.ino.com/education/gold1110/

      All the best,
      Adam

  20. Adam,

    A good video which highlights your product well. Thank-you, Well done.

    I know "Even a broken watch shows the correct time twice every 24hours", so I do not mean to be impolite. MarketClub appears less credible when it steps out of the "tradle triangle" box. Recall, the "Energy Field" argument? ....

    XAUUSD is currently over $1230. There will be a correction that may take it below this level however.

    Here is the TA I used:

    (copied from my Blog response to "Why gold will not make new highs or lows this year")
    Comment by Andriyko
    2010-04-09 12:07:30
    Adam,

    Ref. Daily chart for XAUUSD and your Trade Triangle Technology

    The title of your piece is "Why gold will not make new highs or lows this year". I do not wish to be impolite but XAU HAS BEEN MAKING NEW HIGHS THIS YEAR ... Have a look at XAUEUR for example.

    Herein is the dilema. XAU, unlike Dow stocks, is traded worldwide and against all currencies. Yes, the USD is considered a reserve currency, but it does not change the fact that XAU is bought and sold world wide. In my view, Gold is woldwide money (unlike Dow stocks). I can convert it to a currency of my choice just about anywhere in the world. Could that be a limitation of the Trade Triangle TA Tool?

    Getting back to XAUUSD ...

    Looking at the "energy field" from Dec. 9 through to today:

    Isn't it possible that we had, once again a reverse H&S field just as the last one, albeit in a shorter time? S @ 12/22/09 ish and 3/25/10 ish with H @ 2/5/10 ish. With the neckline at 1145ish ?

    Is it possible we are in a spring rally that has broken the neckline? It will then trade higher but with a correction to the neckline? Therein the trade?

    Could it be that because Gold is making all time new highs against other currencies that this time, the energy field may not 15-18 months long for the XAUUSD trade?

    I ask myself this ... If I was a European holding EUROS or British Pounds, and I was looking at the PIIGS (sorry, no disrespect) situation, where would I put my money? Doesn't XAUEUR, XAUJPY, XAUHKD have an influence on the TA analysis?

    Just some honest questions.

    ...

    I am still looking to be convinced why the MarketClub tool is better at predicting XAUUSD market action than the traditional TA tools I have been using for 30 years.

    1. Andriyko,

      Thank you for your feedback.

      I am happy to see see that you're using technical tools to trade with Our trade triangle technology is good, very but I'm not sure what you are using to trade. We have many other technical tools and indicators in the MarketClub Toolbox.

      In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.

      I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.

      In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!

      Take a look at these videos and you'll see what I was saying and when I was saying it.

      I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move on. I want the markets to have big moves thats when you make a lot of money it's that simple.

      So let's all enjoy the upside movement in gold and may continue.

      Here is a list of all the videos I've made for the past several months.

      Enjoy,

      http://broadcast.ino.com/education/gold510/

      http://broadcast.ino.com/education/gold420/

      http://broadcast.ino.com/education/gold412/

      http://broadcast.ino.com/education/gold329/

      http://broadcast.ino.com/education/gold313/

      http://broadcast.ino.com/education/gold38/

      http://broadcast.ino.com/education/5reasons/

      http://broadcast.ino.com/education/gold211/

      http://broadcast.ino.com/education/gold1216/

      http://broadcast.ino.com/education/gold1118/

      http://broadcast.ino.com/education/spotgold1112/

      http://broadcast.ino.com/education/gold1110/

      All the best,
      Adam

  21. I am posting here because I want to know about your theory that says that gold is not going to make new highs this year. What about today? Do you think that is going to be a double top or gold is continuing its way higher..??

    Well, I can´t wait for reading your answer, I think what you are doing here is very remarkable, be proud, and go on!!

    Thank you very much
    Pablo

    PS: If you don´t understand some things I wrote, please let me know, I´ll ask for help!

    1. Pablo,

      Thank you for your feedback.

      In my last post I said that nothing elicits more emotion and passion than the subject of gold. How true that is today.

      I have to go back and look at some of the videos which I've included for you to see to say that I was never long term bearish on gold. I'm not sure where that came from.

      In fact if you look at our Trade Triangle technology in our monthly trade triangles you can clearly see that we've been advocating a long position in gold since February 11, 2009 from $929.50, that's almost $300 ago!!

      Take a look at these videos and you'll see what I was saying and when I was saying it.

      I have been a trader for many years and one thing I do know is that you don't stick with losing positions. So let's move on. I want the markets to have big moves thats when you make a lot of money it's that simple.

      So let's all enjoy the upside movement in gold and may continue.

      Here is a list of all the videos I've made for the past several months.

      Enjoy,

      http://broadcast.ino.com/education/gold510/

      http://broadcast.ino.com/education/gold420/

      http://broadcast.ino.com/education/gold412/

      http://broadcast.ino.com/education/gold329/

      http://broadcast.ino.com/education/gold313/

      http://broadcast.ino.com/education/gold38/

      http://broadcast.ino.com/education/5reasons/

      http://broadcast.ino.com/education/gold211/

      http://broadcast.ino.com/education/gold1216/

      http://broadcast.ino.com/education/gold1118/

      http://broadcast.ino.com/education/spotgold1112/

      http://broadcast.ino.com/education/gold1110/

      All the best,
      Adam

  22. Hi Alan, first of all sorry for my english, I´m from Argentina and I´m not very good to speak english...

    I am posting here because I want to know about your theory that says that gold is not going to make new highs this year. What about today? Do you think that is going to be a double top or gold is continuing its way higher..??

    Well, I can´t wait for reading your answer, I think what you are doing here is very remarkable, be proud, and go on!!

    Thank you very much
    Pablo

    PS: If you don´t understand some things I wrote, please let me know, I´ll ask for help!

  23. If you look at your numbers you could have made $67 rather than $50 (minus commissions) just by having confidence in your original stance that gold was undervalued.

    I can't see how this qualifies as "taking money out of the gold market".

  24. Thanks for the videos, have recently started watching and am enjoying. In this video we would gain 17 usd on a price of around 1130 usd, around 1.5%. What in your opinion would the net profit after costs be using a typical large online broker?

  25. all is well with the game plan.
    but one thing needs to be kept at the back of mind; how long gold can defy the strength in the dollar index.
    i think it should fall more sooner than latter.
    never the less the trades will be guided by trade triangles.

  26. Ok I will be the first to post and say hello Adam.

    what beautiful day it is today!
    Both my beautiful silver (that you refuse to cover) and my precious gold are soaring. I am a very happy. LOL

    Well I'll say bye and good luck in your paper game.

Comments are closed.