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I was looking over Gold this morning and in particular, a chart of GLD, and noticed some pretty clear Elliott Wave pattern observations. I’ve included a chart below with a few Elliott Wave interpretations identified on the chart. Keep in mind that these are my interpretations only. To keep up to date on a … Continue reading: Gold Elliott Wave Observations Using GLD 12-09-2009 Here’s a Gold trade update for 12-07-2009 as a follow up to my recent post here: U.S. Dollar Trade Update 12-02-2009. In the previous post I was writing about potential contrarian trades if the U.S. Dollar was possibly making major or minor lows. For Gold trades, I had a chart of GLD and showed … Continue reading: Gold Trade Update 12-07-2009 Following up on a post from mid-week, here’s a U.S. Dollar Trade update for 12-06-2009. The previous post was here: U.S. Dollar Trade Update 12-02-2009, and worked out to be perfectly timed. The last post showed how prices have been reacting and moving lower as well as the addition of support levels which I … Continue reading: U.S. Dollar Trade Update 12-06-2009 It’s time again for a U.S. Dollar trade update as of 12-02-2009. The last update I wrote was here: U.S. Dollar Trade Update 08-23-009. Prior to the last update I had written about a potential bullish move the dollar, with trading possibilities such as in DZZ and UUP. This was short lived. … Continue reading: U.S. Dollar Trade Update 12-02-2009 Here we go again. As gold reached new highs yet again this week we must ask again, “Has Gold finally topped out?”. After reaching a new high yesterday of $1153.90, the precious metal has pulled back some, albeit slightly so far. The last few days have basically been in a sideways trading channel but … Continue reading: Has Gold Finally Topped Out? Many people say that if stocks tank, that gold should soar higher due to Gold typically being a “flight to safety” in many peoples minds. But is this really the case? For many years I have seen people, and done so myself, “follow the herd mentality”. When it comes to Gold, that would be … Continue reading: If Stocks Tank, Shouldn’t Gold Soar Higher? Everyone wants to know if Gold has topped out for the year. Possibly more importantly, has it topped out for an extended period of time? Market Club follows Gold very closely throughout the year and releases periodic videos with helpful chart analysis of not only Gold, but other market as well. Since Gold has … Continue reading: Has Gold Topped Out? |
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December 9th, 2009 by 
