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Gold Price Forecast to March 2009

Commodities / Gold & Silver Sep 23, 2008 - 09:19 AM GMT

By: INO

Commodities Best Financial Markets Analysis ArticleWe are the government, we're here to help. I believe the only help the government gave us last week was pushing gold prices higher. During last week's massive bailout and intervention in the credit markets one of the few markets to close higher for the week was gold. This tells you a tremendous amount about how traders are thinking about the future.


These are extraordinary times we are living in, and we have to take advantage of what the markets are offering us at the moment. The fact that there was no follow-through today in the equity markets tells me that there's so many questions about this bailout that are yet to be ironed out. That in turn creates more uneasiness in the marketplace.

Gold Forecast Video - Click to Play

Gold Forecast Video

I still believe that stocks are in a bear market and that we can see a trade down to the 10,000 level basis the DOW. Having said that, I would be trading gold from the long side until our "Trade Triangle" Technology points to a change in trend direction. With the t echnicals all in place, and the fundamentals certainly pointing to higher gold prices, I think traders should be looking at this market from the long side. Some of our cyclic work indicates that gold could be strong until February or March of 2009.

Enjoy the video with our compliments.

Every success in the markets and in life,

Adam Hewison
President, INO.com
Co-Creator of MarketClub

By INO.com

INO and Quote Providers furnish quotes and market analysis without responsibility for accuracy and is accepted by the site visitor on the condition that transmission or omissions shall not be made the basis for any claim, demand or cause for action. The information and data was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options..

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