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Sunday, September 27, 2009

The Reason Why Gold Hasn't Skyrocketed


With the printing presses in full printing mode, many people are questioning why gold prices haven't gone higher - much higher.

In my new video, I explain some of the subtle market cycles that are at play right now in this market. These short-term cycles have been the dominant force in gold all year and appear to be still in control of price action.

I believe the longer-term upward trend in gold is very much intact; short-term we could see more of a trading range that has a downward bias. I think when you watch this video you will get a much better understanding about the rhythm of this market.

If I am correct, you will see some amazing opportunities that I believe will be presented to traders in Q4. In fact, if everything goes according to plan are we could all be looking at some very nice Christmas/holiday profits.

The video is easy to follow and I think you'll learn a whole lot about cyclic price action in the gold market.

We do not require you to register to view this video.

Discover and benefit today from what I learned over 30 years ago in the trading pits of Chicago.

Enjoy the video and please give us your feedback on this blog.

Every success,

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

Monday, September 7, 2009

Gold & Silver Technical Trading Charts

I hope everyone enjoyed the weekend!

Gold is once again the hot commodity, as the price rises to the $1000 per ounce level. This $1000 – $1033 is a technical pivot point for gold. One of two things is going to take place in the coming weeks.

If the price of gold can move above $1033 then I expect to see a lot of traders and investors buying gold, as they panic into the position because they do not want to miss another gold rally. Also traders who are short gold will be forced to cover their positions and this will send the price of gold rocketing higher towards the $1200- $1500 area. On the other hand, if gold fails to break higher, we will see a swift sell off, as everyone sells their position.

HUI – Gold Stocks Index – MonthlyI like to use this chart for timing longer-term gold investments. Gold stocks tend to lead the price of gold on a percentage gain/loss basis and so far this month, gold stocks are on fire. This bodes well for gold.

When I see breakouts on this monthly chart, I tend to take larger positions in gold and gold stocks because rallies tend to last 2-6 months. I like to take profits, as the price rises, so that I am locking in gains while still taking part in the continuing move.

The gold stocks (Golden Rockets) we purchased 2 months ago are now up 45% and 100% from our entry point and they still look very strong. Taking some money off the table is a great idea. Gold could go either way fast and it’s better to sell some of the position to lock in profits and let the balance of the trade run. Too many traders swing for a home run and never take profits on winning positions. Winners eventually turn into losers if you hold on to them long enough. Money management is the key to successful trades.


Price of Gold – Gold Bullion – Weekly ChartThis chart clearly shows the breakout last week from the pennant pattern. The price of gold is nearing resistance. This week will be exciting as gold tries to breakout.
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Price of Silver – Silver Bullion – Weekly ChartSilver is not as close to the 2008 high like gold is, but is still performing well. Silver is trading at a short-term resistance level and I expect to see higher prices this week.

Silver and Gold Newsletter Conclusion:Gold and silver are starting to run higher and with all the media coverage I expect to see money moving into precious metals for a couple months. This is an exciting time for precious metal investors and a lot of money is going to be changing hands once these metals pick a direction and start moving.


Chris Vermeulen thegoldandoilguy.com

Gold Investment being driven by economic fears, says analyst - 05/09/2009

The editor of a well-respected precious metals newsletter claimed yesterday (September 3rd) that investors are rushing to Buy Gold for its safe-haven status.

James di Georgia, who produces Gold and Energy Advisor, is an experienced gold analyst whose views are often quoted in leading publications such as the New York Times and USA Today.

He explained in an interview with cnbc.com that concerns over the massive US spending during the recession are persisting and will eventually see Gold Prices increase to about $1,200 per ounce.

"When you have such a large part of US population convinced we're running to hell in a handbasket with federal spending, you're going to have a large part of the population buying and taking possession of gold out of fear of what's going on," he told the news provider.

Investors also turn to gold when supplies of the yellow metal are diminishing as this naturally tends to increase demand and therefore push prices higher.

Last week, Harmony Gold, which is the world's fifth-largest gold producer, suspended operations at its Doornkop mine in South Africa after a worker died in an accident involving a conveyor belt.
When incidents of this nature force the closure of mines, production is inevitably impacted.



| Goldbug | goldnews.bullionvault.com | 05-09-2009 |