Image by: cliff1066™ By Alvin Martin My father used to work for the US Naval Base in Subic Bay, Philippines. I didn’t know much about the work that he did at the time but what I remembered was when an employee served for at least 10 years, he and his family would have the chance…
Image by: Unsplash By Dave Andrews My cousin Nick is 45 years old and has been married for 12 years. He and his wife have been trying to have a baby, but with no luck. They’ve consulted several doctors and all of them said that they were both fine and in excellent health condition. Nick…
Image by: Stockmonkeys.com By Dexter Lunde In elementary and secondary school, our teachers and parents prepared us for a lot of things: how to tie your shoes, how to write and give persuasive presentations, how to properly microwave a bowl of ramen so you don’t have to turn on the hotplate (okay, that was more…
European Central Bank (ECB) President Mario Draghi’s admission over the weekend that the euro could fall apart may have come as a shock to many, but not to our Trade Triangle indicators!
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your market update for Tuesday, the 30th of August.
The equity markets put in a very strong performance yesterday, pushing to their best levels since August 5th. We would not be surprised to see this very overbought market possibly rally to the 1230 area and 1250 zone.
The gold market once again bounced over the $1,800 an ounce hurdle and is currently trading at $1,822. This market needs to regroup further if it is going to challenge the $2000 level. The trend is in a positive mode despite the recent $200 pullback.
Hello traders everywhere!
I think that many of the markets have reached an inflection point. The equity markets appear to have put in an interim low that was seen last Tuesday. Crude oil and the Reuters/Jefferies CRB index also appear to be following that trend.
Gold has more than likely put in a top when it traded over $1800. We don’t believe this is the final top, but just in interim top, as a lot of traders got into this market very late. Silver on the other hand continues to be lackluster compared to gold, and remains on the defensive. Intermediate term traders should be out of silver and on the sidelines.