The purpose of this blog is to provide a unique insight into trends that guide market prices. It is intended to educate and show you characteristics about the stock market, of which, the so called "professionals" have no clue. Traditional technical analysis is almost completely worthless and that is one of the main reasons for the creation of this blog. If you enjoy market analysis and information that you will find nowhere else, this blog is for you!
Wednesday, October 9, 2013
Long Gold @ 1305.40
I bought gold via /YG. Gold bears seem to have come out of hibernation lately, talking about the head and shoulders pattern break down. I got news for you. They're wrong. Gold is headed back up towards 1450, probably on the heels of a market meltdown. A move below $1280/oz. negates a bullish move higher.
/GC 4 hr
GDX Daily-->Bullish reversal and close above important daily trendline should produce gap open tomorrow