by Aaron Fennell
Many traders want to get into the market, but have a difficult time finding the right opportunity to get in at the desired price. If you place a limit order, it might not get hit. And even if you do have a position on, it can get stopped out due to volatility. Even [...]
by Drew Shaw
On February 18, the U.S. Federal Reserve announced it would increase the discount rate by 25 basis points, to 0.75 percent. That has left market participants wondering if a hike in the Federal Funds rate is coming next—and what the implications will be for the economy and the markets.
To understand the significance of [...]
Is Gold Nearing a Top?
by James Barrett
Gold has continued to break records, climbing above $1,200 an ounce on the first day of December. Despite the Dubai-inspired post-Thanksgiving correction, in my view a top hasn’t arrived. The technical setup isn’t there, and I see $1,240 as the next near-term target.
Gold has been a favorite market of [...]
Trading Gold, Silver and Coffee
by John Caruso
Gold continues to push to new record highs, and the chart of gold is looking parabolic. It looks tempting to come in and try to sell this market, but it’s been tough to pick a top. I think gold will continue its bull run into the new year, and [...]
Bullish Gold? Consider a Ratio Spread
by Mike Sabo
Gold kicked off the week on a bullish note following better-than-expected economic reports and news of large Indian central bank purchasing. COMEX December futures surged above $1,085 an ounce Tuesday, passing the record high hit October 14 at $1,072. I think gold should remain strong in coming months [...]
The Case for Buying Gold
by Aaron Fennell
Gold has staged a breakout, hitting a new record high this week above $1,045 an ounce. I think this run is far from over and there is a convincing argument to be made for further gains in the months ahead.
The market had been hovering around $1,000 for about six [...]
Long-Term Prospects Good for Gold Bugs
by Dan Pavilonis
Gold has rallied above $1,000 an ounce this month, and I think prospects look good for the bulls. The market could be forming a short-term top, however, and I see a correction likely to give investors an opportunity to purchase at lower levels. Heading into 2010, I think [...]
Futures Market Outlook
by Blake Robben
Usually when the markets show hints of bubbling or topping action, the moves are parabolic and the angles we see on charts are very steep. While we clearly saw that in crude oil last year, I don’t see that pattern yet in gold. I think gold, crude oil and the S&P [...]
Head-and-Shoulders Pattern Forms in Gold
by Mike Marshall
After the recent uptrend, the gold market has met stiff resistance above $1,000 an ounce and has traded its way into a head-and-shoulders reversal pattern. With the top of the head around $1,010 and the neckline near $890, a head-and-shoulders reversal projects a move down to $770 in the [...]
Gold futures pressed above $1,000 an ounce on Friday, February 200, 2009, but have stalled out a bit since. The April contract was last down $10.40 at $984.60. Lind Plus Senior Market Strategist Richard Ilczyszyn said the chart of April gold appears to be shaping into a bullish pennant, which could suggest an upside breakout [...]
