Gold Rally: Get Ready For Fireworks? - PowerPoint PPT Presentation

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Gold Rally: Get Ready For Fireworks?

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The past few week’s gold rally has the metal trading at very important technical levels. Editor Justin Bennett discusses the potential trading outcomes. – PowerPoint PPT presentation

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Title: Gold Rally: Get Ready For Fireworks?


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Commodity Trading Research
Gold Rally Get Ready For Fireworks?
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Welcome to Commodity Trading Research Your
premier site for fundamental and technical
analysis for profitable Commodity Trading. For
more info on Commodity Trading Research visit our
website www.CommodityTradingResearch.com
3
  • Get Your Free Report On The 3 BEST Commodity
    Stocks for 2016!
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  • Special Offer
  • at the end of the video!

4
  • Hi, My name is Justin and Im with Commodity
    Trading Research, today were reviewing our
    recently published article

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  • Gold Rally Get Ready For Fireworks?

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  • Gold bulls are getting it on
  •  
  • The yellow metal successfully broke through an
    important resistance level at 1,150 an ounce a
    few days ago.

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  • As loyal readers are fully aware, I pointed out
    this promising technical setup in early October.
  • Heres an updated look at the gold chart I
    provided a few weeks ago

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  • As you can see, gold recently broke through
    (green circle) important resistance (red line) at
    the 1,150 an ounce area. The rally has the
    yellow metal up 7.1 over the past month.

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  • Where does this market go from here?

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  • Given the recentbullish technical development, a
    test of 1,200 is highly likely in coming days.
    While its nice to know gold likely has
    additional upside ahead, dont get too excited
    just yet.

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  • You must fully comprehend what the 1,200 level
    means from a technical perspective

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  • Believe it or not, 1,200 is the last major
    technical barrier holding gold in a multi-year
    downtrend. That price level corresponds with the
    red line in the chart above.

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  • If the yellow metal can punch through that
    ominous line, theres a chance we see a
    spectacular gold market blowup to the 1,450
    area. Clearly, theres a lot at stake at 1,200
    an ounce.

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  • Whats the most likely outcome?

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  • In my opinion, the gold market will have so much
    bearish pressure at 1,200 that bulls will have
    no choice but to throw in the towel. In such a
    scenario, a return to the mid-1,100 area seems
    appropriate.

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  • But heres the deal
  • A number of fundamental factors have some
    thinking the long-term bottom is already in for
    gold. In fact, some big name investors are going
    all in on the metal.

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  • What fundamental factors are backing newly minted
    gold bulls?

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  • First of all, global economic worries are
    mounting as China and other emerging markets turn
    in one decidedly poor economic reading after
    another.

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  • These global weaknesses recently forced the US
    Federal Reserve to delay raising interest rates.
  • But thats just the start of it

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  • US economic readings are getting worrisome as
    well. Case in point, yesterdays US producer
    price index (PPI) showed stunning weakness, which
    points to building deflationary pressures.

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  • Finally, the worlds largest retailer, Walmart
    WM Trevealed yesterday its full year sales will
    be flat. Thats not a good sign for anyone
    bullish on US and global economic growth.

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  • All these signs point to the idea that the Fed
    will have to keep a zero interest rate policy for
    longer than expected. While I have yet to go
    overtly bullish on gold, I have to admit the
    positive bullet points are building for the
    metal.

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  • Remember, gold ETFs provide some of the best ways
    to profit from market swings.

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