Let's take a look as I move around here to gold. One of the things I've been telling you is, I think gold is fighting a major battle right here, at the 18-week moving average of closes - this is a close-only chart. You tell me what you see. I mean it's right there, it's been there doing it all week long.
Gold did pick up and go to higher lows and a higher high—that part's bullish. The market's over the 18-day average of closes, so I would expect to see the pros try to get long [in the] $2652 area. I don't think they want to see it get under the $2624-50 area, that would be a problem for them. And if it picks up, I wouldn't look for an awful lot right here. I'd be looking for no more than maybe the $2700 zone, which is about where the Bollinger Band is - got it? So I think you're going to churn a bit...and overall I think the Bollinger Bands are going to narrow in, and you're going to be fighting a battle right here against that 18-day moving average of closes.
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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.
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