Investorstoday

Thursday, April 26, 2012

Gold Technical Analysis - April 26, 2012

Daily





The Gold price continues to grind along and the pattern is beginning to look more and more like a base.  One positive for me is that the more we grind along here and people forget the yellow metal the closer we are coming to a breakout later this year.



Weekly





The basing pattern is more clear on the weekly chart where we are testing the 50 week moving average for support.  The key here is to watch the MACD line as it continues to trend lower.  A long-term buy signal will be generated when the line begins to move sideways and crosses over the signal line.  Until then it is best ot show patience.








First Quarter Update is Now Available!!!!

The first quarter update is now available through Smashwords, the world’s largest independent ebook distributor for just $4.99, by clicking here.  In this update I take a look at the political climate and how it will affect investing over the next quarter as elections in Greece and France take center stage with the national election ramping up in the United States. 

The contents are as follows:

Chapter 1:  Where do we go from here?
Chapter 2:  Election Risk is Rising in Europe
Chapter 3:  An Early Look at the 2012 Elections
Chapter 4:  What happens for the next three months?
Chapter 5:  Three Long Ideas Update
Chapter 6:  Finale

The next update will be in early July covering gold and silver and putting some meat into my call for $2800 gold and $75 silver next year. 

Smartwords distributes to Apple, Barnes & Noble, Sony, Kobo, Diesel, and others along with instructions on downloading to your Kindle meaning that this and future work will be available in multiple formats from mobi to ebook to pdf. 

If you wish to place a banner ad and help distribute the 2012 Investment Forecast and future works I am offering a 25% commission on all sales.  You can find more information here: 




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