In the gold market, this is a monthly chart of closes, you can see that you're staying over everything. So you have a bullish bias.
So as you look at these markets, you can see that you're holding up right there. When we look at a weekly bar chart, you can see how the markets come up and it's doing fine. The pattern still looks to me, bullish. You still have a pattern of higher lows on the swing line, higher highs. You also have in the market, as you look at it, the 18-week average. The support for it is right through here at $2995. I thought it would get near the $3000 level, and it has, and it's now over the last break low.
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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.