Taking a Look at SPY 09/02/2009

Here is a Gold update from Market Club that was released yesterday 09/02/2009. They provide a free video chart analysis with possible moves for the near term.

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Gold did indeed move higher again today just shy of the $1000 price level and will be the key level to watch in the near term. As Adam suggests in the video, if there is a breakout up through this level, their may be a stampede so be on alert!

The other thing to watch out for of course, is the exact opposite. The last few times Gold got close to $1000 it could not significantly breakout higher and subsequently moved lower. Oil recently did something similar. It approached $75.00 and has since backed off to under $68.00 just as everyone was saying it will be moving towards $85.00 soon.

I personally have no idea at this time what to expect. I was bearish on Gold and I was quickly proved wrong. It seems over the last week that a flight to safety has come into play, and if it continues, it could just be the catalyst needed to propel Gold higher.

Title: Is this the move we have been waiting for?

I believe the action in gold yesterday (Wednesday) should be looked at seriously as it pushes the gold market to its best level in almost 3 months.

Watch Your Free Gold Video Analysis Here:

In my new video, I show you what I think is going to happen to this market in the near term and the long term. I also discuss energy fields as they pertain to gold, and where our Trade Triangles are positioned in the yellow metal.

Crude Oil Outlook Video

There is no need to register for this video and of course you can watch it with my compliments. I highly recommend watching this video today otherwise you risk missing out on what could be the move of the year.

Enjoy the video.

Watch Your Free Gold Video Analysis Here:

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

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Return From "Gold Update 09/03/2009 Market Club" To "Gold Investing"

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