Another day, another couple of great moves in the Gold and Crude Oil markets! Our Premium Members received pre-market reports this morning that nailed both moves, one worth $1300 in Crude and the other worth $2100 in Gold. I thought you might like to see the reports for yourself, so I’ve unlocked them for you.
Wow, the 108.15 level was huge. I knew it was a big level to watch, but the rejection that we saw off this level yesterday was simply fantastic, as Crude has already moved about 3 points off this level as of this morning after breaking through 107.20 support.
As we expected, Gold digested Wednesday’s gains during Thursday’s session, trading in a smaller range from 1358 to 1375 throughout much of the day. After compression, you get expansion. After price expansion, get get compression. Right now, Gold is compressing ahead of the next move.
Whoa! Now THAT was a great Fed day! While all markets rallied big (except the Dollar Index), Gold had BY FAR the biggest day. Last night I wrote that I thought we’d see a major breakout opportunity in Gold, but I was leaning more to the downside. However, Gold took out the 1324 level that was important for the bulls, which ultimately paved the way to a massive 76-point rally.
Wow, what a day in the market! The Fed’s decision to not begin tapering was huge for the market today, as news of the decision led to massive rallies across commodity classes, including Crude Oil, Gold, FX futures, and of course the Index Futures markets. I’ve got some live analysis and trades for you below, in addition to some great calls in Gold, and also a FREE Webinar. Read on.
