Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold and Silver Fall Over 2% and 3% on the Week
By: Chris Mullen, Gold Seeker Report

COT Gold, Silver and US Dollar Index Report - August 17, 2018
By: GoldSeek.com

Why the uranium price must go up
By: Richard (Rick) Mills

Gold Miners’ Q2’18 Fundamentals
By: Adam Hamilton, CPA

“Printing Money” and Cocaine
By: Gary Christenson

The next major gold rally
By: Steven Saville

What Gold is Not
By: Gary Tanashian

Here’s How “External Dollar Debt” Produces An “Emerging Market Crisis”
By: John Rubino

Will Erdogan Save Turkey and Help Gold?
By: Arkadiusz Sieron

This Week’s Golden Nuggets
By: GoldCore

 
Search

GoldSeek Web

 
Gold Poised to Reach Bullish Target

By: Rick Ackerman, Rick's Picks

 -- Published: Thursday, 24 September 2015 | Print  | Disqus 

My obsession with keeping losses down to literal small change would have stopped subscribers out of a beautiful trade Tuesday night. With the futures hovering near 1124.00, I’d recommended bottom-fishing with an 1121.70 bid, stop 1121.40. The stop-loss proved too tight, however, when the futures launched into a $13 rally from 1121.10 that could have racked up a gain of nearly $1300 per contract for anyone who’d gotten aboard.  Might I encourage those of you who trade less timidly than I to do so when you think it’s warranted?  By now, many of you will have developed a feel for when these targets are likely to work most precisely. This one worked precisely enough that it should have produced a winner for those who attempted it.

Looking ahead, although the futures surpassed the 1133.25 midpoint pivot shown by just a few ticks, the overshoot looks sufficient for us to infer that more upside awaits to p2=1139.70, or 1146.00 if any higher. Keep in mind that both of these targets lie within a larger bullish pattern that projects to 1184.00Click here for a free two-week trial subscription to Rick’s Picks that will give you access not only to daily trading ‘touts’, bulletins, updates and impromptu trading sessions, as well as to a 24/7 chat room that draws veteran traders from around the world.


| Digg This Article
 -- Published: Thursday, 24 September 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.