What happened to the Gold market?

As all my regular readers know, I own Gold as an account hedge and for that day that everybody realizes that we are going to get hit with some serious inflation! However, if you look at the statements, I have taken profits on Gold after being down thousands of dollars in it, made money on puts as it went down, etc...

Just like now, I still own Gold. I took big profits in half my position a few weeks ago, because of the above. So what's next? Take a look at this great video by Adam, who has pretty much pegged Gold and Oil's moves like he has a crystal ball...

Here it is...

p.s. Remember that this account has made serious bucks partly because of the technology described in this video.

2 New Trades

I went long the AUD/USD right before the Chinese stock market lost 5% in one night. Trade was stopped out for a $812 loss.

Also went long the Greenback/Swissy and got out with over a $1000 profit.

Both trades came from Bob Iaccino and Trader Outlook and, as I predicted, the account is doing very nicely (considering where it started.)

Out of trade

Out of scalp with small profit...here's the new Bob Iaccino update. (This is just one of four accounts we are covering in The Human Forex Machine.)

Trade Update

I am out of this trade with a $340 profit and I will look for a rotation to get back in. Looks like most of Trader Outlook did not get out. Again, an example of me not following the exact parameters...which sometimes may cost you e.g. the USD/CAD short that Bob had a few days ago.

If you remember, I missed it because I waited for a rotation that didn't happen...all they did was move their stops up a few days straight and they ended up with something close to 600 pips!

I also shorted the EUR/USD just now...looking for a scalp.

New Bob Iaccino Trade

Went long 1 Lot AUD/Greeny, based on a Trader Outlook trade (Bob Iaccino.) Notice I say "based" because we were supposed to wait until the close through 0.8266 of the 4 Hour bar (1:00 a.m.)

I did not, and we'll see if I am punished for it. Trader Outlook does great because they have strict entry rules...but I jumped the gun because the pair was flat all day and then moved higher after the the RBA governor started speaking. Trader Outlook does not like to use fundamentals in their trading...but when I see a news story like this in conjunction with a long recommendation made over 12 hours ago...the probability was that we had a good trade on our hands...we'll see...

My stop is in place.

Entry= 0.82687
Stop= 0.81940
Target= 0.83750

Out of trade

Out of second half EUR/JPY trade with an additional $400 profit...

Out of market for now except Gold.

See the updated Bob Iaccino statement here. Remember that I told you it would recover...the system he uses would make it impossible for that not to happen. Overall statement (all my accounts) was a few posts ago.