Hewison Video on Trading Gold and GLD ETF

Oct 8, 2009: 11:08 AM CST

With Gold breaking to new highs, Adam Hewison, who has been bullish on gold for quite some time now, released a new, quick 2-minute video entitled “An Alternative to Trading Gold” that shows his take on the current “Inverse Head and Shoulders” in gold and demonstrates the pattern and trading possibilities also in GLD, which he describes as an alternative to trading futures or holding actual gold, which is popular with many traders.

In this screencapture I took, Adam is showing the “Energy Field” (consolidation area) which is referred to as the “Inverse Head and Shoulders” pattern, in which Adam describes a possible target of $1,200 or even $1,300 as seen on the chart.

Adam writes, “There is no doubt about it – gold is getting a lot of press and media attention lately. So the question is, is the move in gold over or is it just beginning?

I don’t believe the move is over on the upside for gold, but in my new two-minute video I’m going to share with you an alternative to gold that should do just as well for many of the same reasons. This is a big liquid market and has great upside potential and is less volatile than gold.”

The inverse head and shoulders pattern is a classical technical analysis chart pattern, and Adam does his best to walk you through it.

Thanks as always to Adam for these videos and permission to share them.

6 Comments

6 Responses to “Hewison Video on Trading Gold and GLD ETF”

  1. Dan de Man Says:

    Those are some pretty lofty targets. How about some good old technical analysis. You know: buy and sell signals. This way we don't get disappointed when our gold doesn't make it to the moon.

    BTW Silver is a whole lot easier to trade than gold. More bang for your buck too.

  2. Corey Rosenbloom, CMT Says:

    Dan,

    I agree – I'm more of the “wait and see” variety on gold, but have to admit, this move up has been impressive. Long-term, probably, but I can't see is shooting up there in the next week or month – Adam mentions this is a longer-term target too. I think he's more coming at this from an investor's point of view perhaps.

    I've been paying more attention to Silver and find it interesting – it's not yet made a new lifetime high and with so many people watching/trading gold, silver might be the “behind the scenes” play that could be more profitable.

  3. Dan de Man Says:

    I often forget about the investors point of view. Thank you for the insight Corey!

  4. Dan de Man Says:

    Those are some pretty lofty targets. How about some good old technical analysis. You know: buy and sell signals. This way we don't get disappointed when our gold doesn't make it to the moon.

    BTW Silver is a whole lot easier to trade than gold. More bang for your buck too.

  5. Corey Rosenbloom, CMT Says:

    Dan,

    I agree – I'm more of the “wait and see” variety on gold, but have to admit, this move up has been impressive. Long-term, probably, but I can't see is shooting up there in the next week or month – Adam mentions this is a longer-term target too. I think he's more coming at this from an investor's point of view perhaps.

    I've been paying more attention to Silver and find it interesting – it's not yet made a new lifetime high and with so many people watching/trading gold, silver might be the “behind the scenes” play that could be more profitable.

  6. Dan de Man Says:

    I often forget about the investors point of view. Thank you for the insight Corey!