What’s Gold’s Next Stop?

Gold has reached 1115$ for the first time and will probably go much higher, prices like 1250$ and 1300$ come to mind as next targets.

The trend is positive and when you still haven't bought some gold then please consider doing that after a correction. You can buy a Gold ETF or some other product like a CFD to make a profit.

Please watch this video by MarketClub about gold.




Links of interest

• CRUDE Video: Is Crude Finally Heading Higher?
• Has the Gold Market Topped Out?
• Has the S&P broken final support?
• One Indicator The Government Can’t Ignore
• Seven market lessons guaranteed to improve your trading
• 5 Markets & 5 Ways To Improve Your Trading Profits In the coming years ahead
• 90 Second Gold Lesson (Video)
• 100% Returns on a Canadian Stock (Video)
• Introducing the Perfect Portfolio
• What does winter hold for Crude Oil?
• All 7 Traders Whiteboard videos
• Free Email Trading Course Copy
• New Video: ETF GLD is analyzed
• Register for all the latest Trader's Blog postings Today.

Alert: Rock Energy Inc TSE:RE

Chart is courtesy of marketclub.
Marketclub - Rock Energy Inc. Trend Analysis.

Position
You can take a long position on Rock Energy Inc TSE:RE

Rock Energy Announces Closing of a $15 Million Bought Deal Financing.You can read here what a bought deal is, and why it is important.

Current price: 3.5$

Chart
When we look at the weekly chart we see that a lot of indicators are positive

• we have an increased volume
• the RSI and the MACD is positive.
• MA10 and MA30 are pointing up
• prices are also trading above the MA200 and it is only slightly pointed down. On the daily chart it points up.
  

Resistance
If we go over the previous peak of  3.55$ then I see resistance around 4.5$ so a possible 28% profit if prices will go there again.

If we go almost to 4.5$ I would lock in some profit around 4.3$, or place a stop loss order around that price range.