Wednesday, May 26, 2010

MarketClub: We are Back in the Gold Market

From MarketClub's Adam Hewison......

After exiting all long positions at 1217.72 on 5/18, we reinstated long positions seven days later on 5/25 at 1196.57.

As many of you know who watch my videos, we use our weekly "Trade Triangles" for trend direction and our daily "Trade Triangles" for timing entry and exit points. It was those daily "Trade Triangles" that flashed a buy signal on 5/25.

Given the chaotic state of the world and all the cross currents that are running in the banking system, we would not be surprised to see gold once again climb up and challenge the $1,250 level. All of our "Trade Triangles" are green and 100% to the upside. This indicates that a strong trend is once again in place for the gold market.

The video is available for viewing now and there is no charge or registration requirement.

Gold traders are always a very vocal segment of the trading population and so we encourage you to let your voice be heard on our Trader's Blog.

Watch....We are Back in the Gold Market

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub



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