If you didn't make money this month then you weren't watching our Trade Triangles.
See how we did in three major markets (my new video).
Continue reading "If you didn't make money in May watch this video"
Tag: spot gold
We update our gold outlook (new video)
The gold market sprang into life yesterday (5/20) as it closed in on $940 level which brings it back to its best levels since March 20th. We last looked at the gold market shortly after my return from New Zealand on May 5th. At that time, Gold (xauusdo) was trading at $902 you can see that all on my earlier video. Presently we are trading around $937 zone and it looks as though we can see further upside action in this market.
I think you'll find this new video very informative and you may watch with my compliments. There are no registration requirements. Please enjoy and give your feedback on our blog. Thank you.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Gold ... is it time for this market?
Today I'm going to take a look at the gold market. While many traders have been frustrated with this market for the past several month, it has in fact performed quite well given the generally negative feeling for most markets.
Continue reading "Gold ... is it time for this market?"
Wasn't gold supposed to hit $2,000 an ounce?
To many it is quite surprising that gold is getting closer to $700 an ounce rather than the $2,000 many were calling for. When gold was trading at the $1,000 level many people were expecting this market to zoom to $2,000 an ounce.
When we first suggested that gold had actually given us a sell signal we received numerous e-mails, many of which were not flattering and some were just downright ugly. "How could you short gold are you an imbecile" and that was one of the nicer emails.
Emails aside, to trade successfully in any market you must listen to the market. This is the one true voice that tells you what is going on.
During my career in the commodity markets, I have heard many stories, some of which were fabricated and some of which are true, but either have little or no bearing on the market itself. The very best indicator of all is to follow the price action which tells you when the insiders are selling or buying. In the commodity markets you have insiders who actually produce a commodity or the actual end-user of that commodity. Everything else is speculation. These insiders have extensive networks of global information that they plug-in to their hedging models. They also have extensive experiences and know what it's like to be in the trading trenches of any market.
Take a few minutes and look at the short video I just produced to show you exactly what I mean and how the patterns are different this time in gold and why it may have still further to fall.
Every success in the markets and in life,
Adam Hewison
President, INO.com
Co-Creator of MarketClub.com
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