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MarketClub

Gold Prices Today – Why isn’t gold higher with the turmoil in Egypt?

by Adam Hewison

Despite all the turmoil in Egypt and the Arab world, gold has stubbornly refused to rally. This probably causes great concern amongst the gold bugs and the folks who are bullish on gold.

As we have mentioned before many times on this blog, “perception is more powerful than fundamentals.”

While the gold bugs argue that the market is being manipulated, I am more of a realist and respect what the market is actually doing. The big question on everyone’s mind is: Why are food prices and other commodity markets soaring, while gold is dismally staying down in the $1,330 area?

Why isn’t gold higher?

MarketClub’s Trade Triangles are all Red, meaning that the trend for gold is likely to remain negative or at best move in a sideways fashion.

My best estimation at this point in time is that we are going to see more sideways action and probably some recovery from current levels. However, I would like to see some concrete evidence that the market has actually put in a low and that we will see a recovery in this yellow metal in the future.

One thing I can say, historically our monthly RED Trade Triangles have not been successful in gold. You would have been more successful fading the RED monthly Trade Triangle signal and going long gold.

Before getting, “gung ho” on this approach, you will be better off waiting for a green weekly trade triangle to kick in which would indicate that the market has probably made a low.

That is the main reason why, we recommend using the weekly Trade Triangles for trend, and daily Trade Triangle’s for timing.

In this short video, I explained what I mean and show you concrete examples of how you can use this strategy to make money.

The #1 Reason Why Gold Collapsed

by Adam Hewison

Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there’s no one else left to buy.

Another tip-off was on Fox Business News and also on CNBC indicating that gold was going to hit $1400 almost immediately. Well after Tuesday, we know what was to happen to the price of gold. If gold were so strong, should it really have gone down almost $70 in 4 days?

This is where technical analysis and Japanese candlestick charts really shine in my opinion. What happened in gold was a classic candlestick formation that any trader, whether they trade gold or other markets, should be aware of.

In this short video, I illustrate how this formation occurred and how it was confirmed the next day – and I don’t mean on Tuesday.

I also have a free candlestick book that I’m making available along with this video.

Target Price for Gold

by Adam Hewison

A little while ago I made a video that projected some amazing levels for gold. Given the strong upward trend in gold and the price action on Tuesday the 5th of October, it is worthwhile looking at this video again:

This short video, will certainly give you some interesting price targets for gold that are based on sound trading principles. I hope you enjoy the video, and as always we would love to have your feedback on our blog.

This Reliable S&P Chart Formation Could Make You Money!

I’ve just finished a short video on the S&P 500 that I believe is worth watching. In this video I detail out a particular chart formation that has proven to be very reliable in the past. If I’m right, we could see a further move and run in the S&P500 to the upside.

Last Chance: Take Advantage of this powerful trading combo

We’ve been getting great responses from everyone who has taken the 2-week Trial to MarketClub.  This great charting and indicator service makes finding the trend as easy as possible. If you haven’t had a chance to take advantage of this special offer I encourage you to check it out now: MarketClub Two-week Trial

Also don’t miss tomorrows Webinar, as spots are filling up quickly. The webinar will go over exactly how MarketClub uses the service and will cover the important features:

* How to use the ‘Smart Scan’ feature to help you find your next trade

* How the ‘Trade Triangles’ will tell you when to pull the trigger on a trade

* How “Instant Alerts’ will keep you ahead of any unexpected moves (and send you an email if your ticker crosses over certain ‘parameters’ as well)

* How to access their dedicated customer support team (they can explain all of the features of the system and walk you through it online OR on the phone).

If you have already signed up for the trial, but not the webinar here’s the link:

MarketClub Webinar

MarketClub 2-Week FREE Trial

‘Battle-tested’ trading veteran Adam Hewison and his team are allowing me to offer you TWO complimentary weeks of their service so you can see how much it can truly help your trading.

Gain access to Marketclub’s multifaceted system including analysis, training videos and his proprietary signal system here:

Their arsenal of tools and unique indicators can really help you establish the overall trend of 320,000 tickers quickly and easily for many different time frames and trading styles.

On top of that, their customer support team is LIVE and readily available throughout your trial to help you navigate their service…

So take a few moments and sign up now for a 2 Week Trial to Marketclub and register for Thursdays Webinar to show you…

* How to use the ‘Smart Scan’ feature to help you find your next trade

* How the ‘Trade Triangles’ will tell you when to pull the trigger on a trade

* How “Instant Alerts’ will keep you ahead of any unexpected moves (and send you an email if your ticker crosses over certain ‘parameters’ as well)

* How to access their dedicated customer support team (they can explain all of the features of the system and walk you through it online OR on the phone).

This offer won’t be live for long don’t miss your chance to test drive one of the greatest values in trading while it lasts:

MarketClub 2-Week FREE Trial

MarketClub Two-Week Trial Continues

MarketClub’s Two-Week Trial is continuing for a few more days.

Get instant access here:
MarketClub Two-week Free Trial

There are 4 powerful tools available to members that you, as a free trial member, will have access to. Smart Scan, Trade School, Chart Analysis, and Data Central will be opened up just for you.

The other major bonus about this trial is that their, customer support team will be providing UNLIMITED support!

You can call or email for an instant response (I know because I’ve used it) to any question, comment or concern. They’ve added another support person (hired a month ago just to train her) to ensure that all calls and emails get answered as quickly as possible.

Here’s that link again:
MarketClub Two-week Free Trial

I’d recommend you jump on this now.

MarketClub Two-Week Trial Available Now

Whether you watch tv, listen to the radio, or read any of the major financial newspapers, you’ve seen or heard about the powerful tool MarketClub. Today I’ve been given some insider news…they’re opening up a 2 week trial available for only a few days. What is normally priced at $449, you can have access to for nothing.

You know I’ve been a big fan of Adam Hewison and the MarketClub team, and now is your chance to gain access to the powerful tools, unlimited email and phone support, and Adam Hewison himself. If you watched his videos you know Adam knows what he’s talking about, and today you can use the tools he uses and get started on your way to becoming a successful trader.

Get instant access here:
MarketClub Two-week Free Trial

Key Events: Wednesday, March 10, 2010

Wednesday, March 10, 2010
7:00 AM ET. Mar 5 Mortgage Applications

  • Market Composite Index (previous 629.9)
  • Market Composite Index Cur Chg (previous +14.6%)
  • Purchase Index (S.A.) (previous 214.5)
  • Purchase Index (S.A.) Cur Chg (previous +9%)
  • Refinance Index (previous 3054.3)
  • Refinance Index Cur Chg (previous +17.2)

10:00 AM ET. Jan Wholesale Trade

  • Inventories (expected +0.2%: previous -0.8%)

10:30 AM ET. Mar 5 US Energy Dept Oil Inventories

  • Crude Oil Stocks (previous 341.57M)
  • Crude Oil Stocks (Net Change) (expected +1.6M; previous +4.03M)
  • Gasoline Stocks (previous 231.94M)
  • Gasoline Stocks (Net Change) (expected 0; previous +773K)
  • Distillate Stocks (previous 151.82M)
  • Distillate Stocks (Net Change) (expected -1M; previous -843K)
  • Refinery Usage (expected 81.8%; previous 81.9%)

2:00 PM ET. Feb Federal Budget Balance (expected -220B; previous -42.63B)

Key Events and Commentary available earlier every morning, via MarketClub.

Key Events: Tuesday, March 9, 2010

Tuesday, March 9, 2010
7:30 AM ET. Feb NFIB Small Business Optimism Index

  • Small Business Optimism Index (previous 89.3)

7:45 AM ET. Mar 6 ICSC/Goldman Sachs Chain Store Sales

  • Chain Store Sales Index – WoW (previous -0.8%)
  • Chain Store Sales Index – YoY (previous +0.7%)

8:55 AM ET. Mar 6 Redbook Index

  • MoM % Change (previous +1.6%)
  • 12MonChgPct (previous +1.8%)
  • 52WkChgPct (previous +1.5%)

10:00 AM ET. Mar US IBD/TIPP Economic Optimism Index

  • Economic Optimism Index (previous 46.8)
  • 6-Month Economic Outlook (previous 48.7)

4:30 AM ET. Mar 5 API Oil Industry Report

  • Crude Stocks (Net Change) (previous +2.67M)
  • Gasoline Stocks (Net Change) (previous +909K)
  • Distillate Stocks (Net Change) (previous -4.07M)
  • Refinery Runs (previous 81.6%)

5:00 AM ET. Mar 7 ABC/Washington Post Consumer Confidence Index

  • ABC News Consumer Confidence Index (previous –49)

Key Events and Commentary available earlier every morning, via MarketClub.