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Friday, August 16, 2013

Adam weighs in ...... Is Gold Indicating Trouble Ahead?

Is it time to go long gold in a big way? Our trading partner Adam Hewison, President of and Co-creator of MarketClub, has come out with his call on gold for the near term. Are you trading with him or against him?.....

As another trading week comes to a close, it is worth noting that gold is closing at a nine week high for a Friday. I believe that this is a significant event, and believe that gold has now put in a base to move higher later this year and next year.

It's a little ironic that hedge fund traders, like George Soros, recently divested themselves of their long gold positions, as it now appears that the market has put in a major base and wants to move higher.

Our long term monthly Trade Triangle for gold continues to be in a negative mode. However, this Trade Triangle [click here to get a free trial of Adam's Trade Triangle technology] is slowly beginning to flatten out and I would not be surprised to see it change to green in the not too distant future. In today's report, I will be covering gold and a gold stock that you may want to trade, as it flashed a major buy signal today.

I will also be covering some very interesting stocks that I think have potential on the upside after their recent correction from their highs, as well as my analysis of the major markets and what I am looking for in next week's market.

Have a great trading day and a super weekend,
Adam Hewison
Co-Creator, MarketClub

P.S.  Click here to check out Adam's INO TV. It's FREE!

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