Fast_Money: Gold Catches Traders by Surprise

Tuesday, March 9, 2010

Gold Catches Traders by Surprise

The move down in gold yesterday surprised many traders and flashed an exit signal based on MarketClub's daily "Trade Triangle" technology. As we have mentioned before, we felt that gold was in a broad trading range and were not optimistic that it would shoot higher.

The action yesterday confirms that we have more of a two-way market. I expect we'll see further selling on any rallies from this level.

In today's video, I share with you some thoughts I have on gold based on one important element: how gold energy fields propel this market.

http://www.ino.com/info/533/CD3866/&dp=0&l=0&campaignid=3

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I hope you will learn from my years experience as a professional trader.

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Tuesday, March 9, 2010

Gold Catches Traders by Surprise

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