So in the gold market, if we finish like this, we're still near an all-time high close. We're still up for the week 1.88 percent, and still in a bull phase. I told you that we were consolidating here, and so far, that's what we're doing. Now, the pattern is you had an outside day down. So now we've got a pattern of a higher high and lower low, sort of a stall. The market broke the pattern of higher lows, higher highs at this point.
On pullbacks I would expect, if it does drop hard, the 33 and a quarter area's going to be the support zone. That's if it drops hard. It got up and challenged, as you can see, the upper Bollinger Band.
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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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