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Wednesday, October 20, 2010
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GOLD - The #1 Reason Why Gold Collapsed
http://www.ino.com/info/645/CD16/&dp=0&l=0&campaignid=3
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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.
http://www.ino.com/info/645/CD16/&dp=0&l=0&campaignid=3
I also have a free candlestick book that I'm making available along with this video, be sure to stay tuned at the end of the video or visit:
http://www.ino.com/info/646/CD16/&dp=0&l=0&campaignid=21
As always there is no need for registration and the video is with our compliments.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
Inbox - Fake Medicine Spam from Russia "V1agra can help you!" some have been coated in indelible ink according to BBC!
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Russell Grant's Daily Horoscopes: Wednesday 20th October 2010
Aries (Mar21/Apr20) Your mind is in a world of its own which could make you easy prey for people who have deceitful plans. It is rare indeed that someone manages to cheat you or mislead you. That said, should a manipulative individual catch you off guard, you could find yourself being taken in by their false enthusiasm or passion. Before you know it you'll have signed yourself up for a venture that will never bring you any benefit or happiness.
Taurus (Apr21/May21) You could learn something new from studying other people's techniques. It is entirely possible you've got so used to doing a certain job in the same way you hadn't realised new equipment or technology is available to make the work easier. Expect some initial problems as you learn new procedures. You may need to persuade others who are stuck in the same rut that you all need to move with the times. Future benefits will outweigh any minor inconveniences of today.
Gemini (May22/June21) Your happy go lucky mood is just what's needed to add sweetness to relationships that are starting to turn sour. Friends and loved ones who were about to complain about your lack of interest in social affairs will do an about turn when your youthful spirit and sense of humour suddenly returns. You have had a lot on your mind these days and this has made you seem overly serious and careful. Today you intend to relax and have a little fun for a pleasant change
Cancer (June22/July23) Someone doesn't feel like talking; they will grow moodier and more irritable if you keep asking questions. Be prepared to leave it for another day rather than keep bringing up a subject others don't want to discuss. Could it be you're getting emotionally obsessive and becoming too fixated on a touchy issue? Failing to recognise when you go too far could ruin your chances of a happy home life.
Leo (July24/Aug23) Your natural charm and exuberance shines through making you popular and well in demand in your social circle. If you are single, your high spirits and enthusiasm for a group cause is attracting the attention of someone who is looking for a wonderful person like you. It won't be until a team effort is concluded that things really hot up. Until then you and this new person in your life will be mindful of your responsibilities to others.
Virgo (Aug24/Sept23) Social commitments are getting more costly; you may be digging deep into your pockets to cover for these expenses. What started off as a relatively economical exercise has suddenly soared in price and it might turn out that the start of the venture was heavily subsidised. If this might lead to some useful experiences or introductions, or new qualifications you might class it as an investment for the future. It may therefore seem worth the additional expense.
Libra (Sept24/Oct23) Putting too much faith in the wrong person could lead to future upset and disappointment. Believing someone's promises when they have already let you down a dozen times before keeps this relationship revolving in the same old negative pattern. Isn't it about time you faced the truth and accepted they aren't ever going to change? Any disappointment you feel today will be in yourself for having been so stupid to count on a person you now know can never be trusted.
Scorpio (Oct24/Nov22) Despite your best efforts, little work will get done if you don't get the help or support you need today. You can put your all into a task but if it requires more than one person and those whose help you need aren't available, you aren't likely to make much progress. Rather than wasting time and frustrating yourself by continuing with something which isn't going to work, put it all aside until a more suitable moment.
Sagittarius (Nov23/Dec21) You would never stand in the way of people who want to have fun providing they're being sensible about it. What could cause problems today is the way some are putting pleasure before other responsibilities. Their complete disregard to other people's needs or feelings is something you will not abide. If you are in a leadership role, you will take steps to improve the situation. If you must rely on someone else to take charge, you won't hold back from voicing your very strong opinions.
Capricorn (Dec22/Jan20) Leave things for a wee while if you can't get people to agree with you! It might seem as if your partner or a workmate has little sympathy for your feelings. What you may not realise is how much they are trying to understand. Often it works both ways and as you feel others are being awkward with you, equally they think you could put yourself in their shoes. Try talking without making demands or making it seem like you are the only person who is hard done to. You don't have to feel so lost or alone.
Aquarius (Jan21/Feb19) It might seem as if you've missed the boat when other people grab an opportunity you would have loved. Occasionally there is a reason for things to happen the way they do. You could well discover the disappointment is only temporary when something far more exciting and worthwhile crops up. Next time it will be you who happens to be in the right place at the right moment and this will be when you get to come first.
Pisces (Feb20/Mar20) A glitch in a financial, legal or property transaction could send everything back to square one. You might feel you can't be bothered to go through the process all over again. Others, too, feel the same way. If they accept the situation as it is and agree to pick up the pieces and endeavour to get it right next time, take a leaf out of their books. At times like these it will be those who persevere who come out on the better side of the bargain.
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