So in the gold market, as you can see, for the week. And this is a weekly chart of the last price, that's all it is. So on Friday, it'll plot itself and go. From Friday you're up three-tenths of a percent, basically unchanged. But you had a big key reversal outside day down.
The pattern is still bullish; higher lows, higher highs on the swing line. I see support, if the market wanted to fall down there, at $2688. And from here, that's another $50 break. I'm not saying it'll happen, that's an awful lot to happen very quickly. I'm more inclined to be looking that the market was running the Bollinger Band that pulled inside of it. That's what bull markets tend to do. They'll stay out of it for a bit, then they pull back in. And what I want to see is, does this market embed? It's not trying to, it's just staying overbought right now.
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LINN & Associates
Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
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Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
One of the ways Ira, along with his brokers showcase their talents is through e-mails of market information and Ira's "Futures Videos", which can be viewed on our website, through Market Center, Linn-IraChart Software and on YouTube.