Gold

Hi Fabba,

If you have access to NSYE stocks or options Exchange, then you can trade the HUI Gold Index I think.

Not sure if it is on AMEX or NYSE, but IG Markets offer both options as extras (cheap fees to be fair).

Good luck man, and hopefully this is on its second up-trend, having seemingly bottoming out again. (see below):

Since bottoming in late 2000, HUI went on to be the top-performing US stock sector of the decade, rising by about 1600%

HUI Chart

Hi all,

Does anyone know where i can trade the HUI Gold index? I'm struggling to find a provider.

Any help welcome.

Thanks in advance.

Possible 123 low breakout on the daily chart of gold...
stops below the 2 point


dl.dropboxusercontent.com/u/4899609/GOLD13THJAN2014.png

Howdy Folks,

Here's a technical update for gold....


HOURLY:



DAILY:



WEEKLY:



MONTHLY:




Initial views:

* On the Hourly & Daily - Expect a bit of selling (I don't anticipate any heavy selling just yet), as we approach the top end of the Bollinger Band, and the RSI looks a bit heavy. Would be bullish if the down-trend line (in blue on the daily) is taken out @ ~ $1,280 (for now).

* On the weekly and Monthly - Note that the long term support lines have turned into resistance lines.

* If the long term resistance level is breached with conviction, then the first target - beyond $1,280 or so - would be $1,355 ish (based on 23.6% and the busy activity around this price).

Disclaimer: Just my view folks - and not trading advice!

Good luck folks!

CC: POG iii Board.

Gold is looking bullish now after what might have been a double bottom in the 1180/2 area as it's got an RSI breakout:



dl.dropboxusercontent.com/u/20815047/FTS...olddaily05_01_14.png

As with the post on KAZ, it's worth waiting for it to form an initial high and a higher low (perhaps on an RSI trendline backtest) and then buy the breakout.

gold dumping now as expected.

1186/87 break below will now open up 1151/3 > 1146 . short term.


WS