Profiting on Gold. Is it Really This Easy?

September 12th, 2009 | Filed under: Financial Markets,

Don’t you just love how everybody is obsessed with gold’s move over $1,000. My best guess is that it will inevitably come lower, but when is the question.

Here is an interesting screen shot, that I grabbed from MarketClub.

Triangle Example of Gold On MarketClub

Basically it shows how their triangles predicted the entry and exit points for gold. Whats even more interesting is that it just produced a green triangle at around $995, which means that gold might have some room to run over $1000.

With MarketClub you set an alert to inform you when that sell triangle does show up on the gold chart.

Check out more related videos, articles, and trader resources.

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Scary: Why China is Buying Gold Like Mad
Why the Gold Slump is Not Over
Read more on Gold at Wikinvest