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Where Will The Markets Finish Q3?
By: Market Club   Wednesday, September 28, 2011 3:05 PM

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SILVER (SPOT)
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trend = Negative
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = – 100
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The silver market is in a bear trend, based on our Trade Triangle technology. That is not to say we won't see rallies, but rather these rallies will probably go nowhere. I think the public purchased silver thinking that it was cheap in comparison to gold. As noted before, silver has this Jekyll and Hyde personality, sometimes it's considered a precious metal and other times it's considered an industrial metal. Right now with the economy still teetering, it is reflecting more of an industrial metal. This is why we like to trade markets based on technical indicators like our Trade Triangle technology, as it removes any biases we would have as a trader. Traders who are following our Trade Triangle Technology should be short this market with appropriate stops.
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Suggested SILVER Trading Instruments:
Non Leveraged ETF's: (Long SLV) (Short the ETF SLV)
Leveraged ETF's: (Long AGQ) (Short ZSL)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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GOLD (SPOT)
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Monthly Trade Triangles for Long-Term Trends = Positive
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Negative
Combined Strength of Trend Score = – 70

For the better part of this week, gold has been trying to stabilize the big loss that it suffered in the month of September. What can keep hope alive for the Bulls in gold is the fact that our monthly Trade Triangle is in a positive position. We would prefer to let this market settle down as we do have a mixed picture at the moment. Our Chart Analysis Score for gold is -60 indicating a near-term trading range. This range is pretty broad-based with support at $1550 on the downside and resistance at $1750 on the upside. I think most traders would be better off watching from the sidelines as the volatility continues to contract. Only long-term traders should maintain long positions with the appropriate money management stops in place.
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Suggested GOLD Trading Instruments:
Non Leveraged ETF's: (Long GLD) (Short the ETF GLD)
Leveraged ETF's:(Long UGL) (Short GLL)
Futures: Contracts are available to trade this market. Contact your broker
Options: Options Contracts are available to trade this market.Contact your broker
WARNING: Liquidity is some ETFs is very thin. Contact your broker for more information.

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CRUDE OIL (NOVEMBER)
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Monthly Trade Triangles for Long-Term Trends = Negative
Weekly Trade Triangles for Intermediate Term Trends = Negative
Daily Trade Triangles for Short-Term Trends = Positive
Combined Strength of Trend Score = – 85
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We have been saying that the crude oil market is tied with the equity markets. As the equity markets go, so does crude oil.


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