Video: Update on Gold

Adam from MarketClub provides his take on Gold in this video where he believes Gold in currently forming an energy field before making another big run up possibly into $1300-$1400 range. However, this is a long term projection. In short-term, there will be
a sell-off and we should see Gold start moving downward direction. He warns that if Gold goes below $1050, then there will be even a bigger sell-off. But Gold going below $1050 is highly unlikely at this time. Interested investors in buying Gold should prepare themselves when the Gold price decreases into next week. Again, I recommending trading GLD or GDX. In looking at 6 month chart of GDX, a good buying opportunity would be between $40-$42 range. I would also sell when GDX reaches $45-$47 range.

Other Articles:  
Breakout in Goldman sachs
Buffett Doubles in WMT Shares
NEM experienced Breakout!  IAG Follows 
3 Beaten Down Stocks Ready For Reversal

No comments: