So when we take a look at gold, this is what I'm talking about. Do you remember when I said, if we fall keep your eye on this. Where I'm looking for the support to come in, was the red line, the 18-week moving average of closes and so far (doesn't mean I'm right) but so far that's exactly what's occurred.
When we take a look at this vertical price break, the market's getting a bounce off of that. You can see that you've got the pattern still of lower highs and lower lows, you haven't broken that pattern so I don't know how much leg this market will have to it.
It held again, the 100-day average of closes and it moved away to the right-hand side of the Bollinger Band. It had a one, two, three, what was it, four days under it? Then [the gold market] spun back to the right-hand side. I don't think it's yet out of the woods.
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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.