Hello all MarketClub members,
This is Adam Hewison and I am happy to say that I am back from "down under". I was visiting my daughter who just married a wonderful man from New Zealand and our family had a wonderful time celebrating the event.
Now that I have my market legs back and I'm in the right time zone, I wanted to create a video for you on gold. Before you get to that video you may want to watch this video that I recorded on 9/21 of last year. It proved to be very prophetic.
My new video is on the "super cycle" in gold and what it will mean to your pocketbook in the future. I highly recommend you take just a few minutes of your time and watch this video as I believe this is what is going to happen in 2010.
As always our videos are free to watch and there is no need to register.
It's good to be back and it's going to be a great year. I'm looking forward to working with you all.
Enjoy the video and let us know what you think on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Jan Gold:
Cyclical High came in on the 11th.
Cyclical Low came in on the 28th. - Today!
Similar pattern to Sept, Oct...
GL ALL.
Many thanks Adam. Pleased you are back.
you did a video on gold showing Feb 22, Jun 2 and Sep 16 tops of about 100 days between tops. Now that time has expired, would you count Sep 16 as a top or count the bottom from July and not a top until 12/2? Using your count, 100 days would have gotten 12/10 as the next top, I believe, pretty close to 12/2 (although waiting the extra 8 days would have been devestating). My point though, is the move from 7/8--are there any bottoms worth counting, or did gold go almost straight up?
Kerry,
Thank you for your feedback. As I outlined in the video on gold I believe it's going to go sideways to lower until we get to a significant cyclic low in the next 5 to 7 weeks.
We seem to go from inflation to deflation, asset appreciation to asset depreciation on a very cyclical basis in the markets.
There will be lots of opportunities this year to make money in my opinion.
All the best,
Adam
hi adam,
on the chart in your video, it looks as though a head and shoulders pattern is forming with the top of the head being the december 2009 high price of gold - would you agree with this too? if you do, then the right side downward portion of the head that has already begun, looks like it should end at around the $700/ $800 mark within the next 6-8 months or so - so, i'm curious if you see this too and if you feel this is a possibility that gold will go this low over the next 6 to 8 months or so.
i look forward to your response adam!
thank you!
Westergal,
Thank you for your feedback.
The head and shoulders formation you're discussing is much more distinctive in the silver market. When gold was moving higher we had a number of comments about should I buy silver? I mentioned then that I silver is a poor cousin to gold and it will go down faster than gold in my opinion.
All the best,
Adam
Gold super cycle....couldn't have said it better myself.
Great to have you back Adam!