What happened to gold?

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I think it came as a big surprise to many traders that the gold market imploded on Tuesday pushing to its lowest levels in several days.

The downward spiral was enough to trigger a daily "Trade Triangle" which moved us into the neutral camp on this market. Exiting our long gold position based on our "Trade Triangle" signals produced a very small profit or in some cases of break even trade.

So the question is: Is the sharp downward move in gold over?

In my new video I answer that question and share with you some levels I think gold will go to on the downside. I also share with you that we could be setting up for it excellent buying opportunity, if and when our "Trade Triangles" are aligned.

If you have a few minutes I strongly recommend that you take the time to watch this gold video.

I would love to get your feedback about this video on the MarketClub Trader's blog. http://tinyurl.com/VIDBL

All the best,

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

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Education

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[SilverRose09]

The question is when?

[herbs814]

Real assets and commodities can be bought cheaply. But can they be resold for a profit?

[SilverRose09]

Which means that creditors countries like China have a bargain in real assets and commodities.

[herbs814]

tighter credit and slowing velocity of money and mounting losses in investment banks and mortgage lenders means that leveraged longs are being forced out of the gold market. the deleveraging of the economy has tended to be deflationary (even if the Fed printing is clearly inflationary). Longs cannot be nearly as aggressive in this market, since money is fleeing the more speculative markets.