GOLD ALERT: We were stopped out of gold yesterday (8/30) at $1,233.35. Spot gold is currently trading at $1,235.20.
39 thoughts on “Short-term traders should be out of gold …”
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GOLD ALERT: We were stopped out of gold yesterday (8/30) at $1,233.35. Spot gold is currently trading at $1,235.20.
Comments are closed.
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gold 1350 $
What is your thought of uxg. Can't decide if I should get out of a large 9 month position.
Do you mean I shouldn't buy Gold Coins to hold for any length of time? I was thinking of getting about $100K. to stuff away for a few yrs.I don't know anything about Stocks But got to this Forum somehow.
Adam's "in a gold next month between the numbers of how technical do you see?
Thank analysis Khvbt
My analysis of gold market you take advantage
Considering the purchase of the ITF in the past few days likely reason is high ceiling mirror gold "Cow Market 1350 dollars for gold target
WOW! Hey guys we have a guy who can pinpoint exactly where the market for gold is heading! What a GEM! Thank you so much for your insights! We appreciate you taking time out from your busy life as an astute intellectual to tell us the future of gold prices!
I'd LOVE to bet against you just on principle.
What I beliave is a different unfolding story due to gold.
THe moove up looks like a building up tail of monthly canlde, it will not go higher previous high(maybe a bit and then will drop down)
lets see
Hi Adam!
Is there a way that I can get the gold alerts to my e-mail?
Thanks
Alma
Adam, or who ever you are, you can not hide the truth for much longer, face it you are done, so start educating your subscribers!
Bruce,
Not sure what you're talking about and it is even more interesting to know that you're not even a subscriber to MarketClub. You therefore do not understand what we do, how we do it and how we work to educate our members. If you just want to be rude and make comments that you have no clue there are lots of other forums out there that you can go on.
Adam
If you're going to use these alerts in this way, just sell 1/2 of your position and let the weekly indicator give you direction for the remaining half. It limits losses and allows for maximized returns on the second half.
Cheers.
Has anyone heard anything about AMAROK RES INC (AMOK) or Gold American Mining Corp (SILA)? There are small Gold mines.
I've heard this for almost a year now and it hasn't stopped because political uncertainty, instability and abusive monetary policies around the world are causing major demand for gold. I personally don't think technicals even apply. IMO.
When GLD closes above where it today, tomorrow, it's going even higher.
When investing in a volatile market, i prefer options for limited exposure and still maintaining the potential for gains. For investing in gold, I prefer DGL, a leveraged ETF of the price of gold. Choose your strike price and time frame. You can quickly bail at a small loss if the market turns negative. Puts are also avilable if you expect a fall back. Always check with your broker or financial advisor. Also, keep in mind that some brokers are less experienced or uncomfortable trading options.
I think the headline says it all: Gold right now is not for short-termers. It's been finding a new bottom - 'volatility' is the name for the short-term. Longer-term? Up.
There are divergences on the weekly graph of GLD (MACD, RSI).
Adam, what do you think about those divergences?
Thank you.
***** GET READY SEPTEMBER, 2010 *****
NEW HIGHS AS GOLD SHINES TO 1300. BY DEC 2010
MORE NEW HIGHS AS GOLD SHINES TO 1400. BY JUNE 2011
AND HIGHER HIGHS AS GOLD SHINES TO 1500. JUST BY CHRISTMAS 2011
Kept my stop at 0.4. It went to 0.5 and left me in. WHEW!
BTW the commodities and metal markets are globally traded markets so you need to take the stock market mentality out of the equation, if China or India want to buy a whole lot they will with no mercy, so if you have margins then get rid of them cause you'll get burned as many have already.
Now Get ready for a religious experience that you have never experienced in your life!
This is it.
GOLD SHINES TO 1300. 1400. 1500. JUST BY DEC 2010 --
GOLD SHINES TO 1300. 1400. 1500. JUST BY DEC 2010 --
GOLD SHINES TO 1300. 1400. 1500. JUST BY DEC 2010
And dont forget GLD and SLV are only for trading. Paper gold is leveraged 100:1, so is not a safe long-term holding.
Bruce,
Its all about putting the trading odds in your favor - no system is perfect to the day. If tomorrow gold had dropped $50 and MC hadnt given another green triangle, you'd be singing their praises.
Not sure how you can say its a false signal - from the first green triangle to the recent red triangle, you would have made money. Now, from this triangle to the next who knows.
chris
GLD and SLV are close to being over-extended. I mean that they have climbed a steep slope in a short period of time. They are both about 5% above the 50DMA and high on the RSI chart. My experience tells me that this advance can not last much longer. My favorite mining stock, SLW is almost to 9%. I am calling for a pullback but it all depends on the geopolitical situation and whether or not there is a case for market manipulation. As a long term trader, I will look for breach of support on weekly signals before getting out.
I got HGD.TO at the market at the opening as it was a full 0.25 under my buy price on Monday.
Given that Bollinger bands represent equal probability boundaries; a loss of 0.10 from my buy price is equally likely as a 1.00 gain from that price.
I think the much publicized position of Bloomberg today has driven the price higher. It will fall when Bloomberg dumps what it wants to sell. I know that is cynical but it lets me sleep nights 🙂
buy YEN!
1300 dollar gold soon and will let your top will stabilize "the process of buying gold funds and China and Iran and India Qvty this point in the near future for the growth of gold above 1300 dollars would be
sohrabibroker
That cost some people money!! Gold to 1600 by 1/1/2011
Seems like gold has continued with a positive bias. What triggered the stop?
Mark,
Our daily trade triangles signaled an exit position, not to go short but exit long positions. If you're going to use a game plan you must follow the game plan that is why we issued the alert. As you can see today we had a buy signal and were back in the market. This was only for short-term traders only. Longer-term traders remained long based on weekly and monthly trade triangles. times the markets can be frustrating on a short term view.
All the best,
Adam
market fooled us on this call.
Leo,
Yes indeed.
All the best,
Adam
And where are we now? $1247 ?????
Another false signal???
"Should be" is just too strong of a statement! No one has the power of computing to predict the future but by just paying attention to fundamentals I clearly can
see your flawed reasoning!
😉
well...it just went UP....1246....anyway, maybe just a .....
Is gold spot over bought at this time?
Jeff,
We are back long again. It's hard to say if gold is overbought but not at this point.
All the best,
Adam
They better get back in. Gold just jumped up. Going to test the old highs, IMO.
At 8:50 AM Tuesday just shot up: Gold 1243.39 +6.49 +0.52%
I got out last Thursday and am looking at HGD.TO as the right play. Have not been able to connect at my price but with this blip maybe today.