When we take a look at the market, gold backed off now, you had CPI reports today, I cover that in more detail in the financial market video.
In the gold, you can see how the market is just sort of hanging right here. You can see that you're up $16.80 as we're talking. There is no trend, you came down. If you take out the highs of today and you get back over this $2056 area that could spark some fireworks in the market because you have an outside day down. If you take that out, you often make a move.
What would it go just to the 18-day average and hang there? Or would it make a move up to the upper Bollinger Band? That's the question you have to ask yourself.
The support in the market is the 200-day average in the Bollinger Band to $2013.40. The gold-silver ratio still favors gold over the silver market.
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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.