Commodities Countdown

Boing! Gold Gets Going! - Webinar Skim 2016-12-29

Greg Schnell | 

The last three weeks I have been discussing Gold extensively.  Today, some of the action has been remarkable in the gold miners. The most important part is the buy signal that we got that suggests a change in trend.

The gold miners accelerated today and stretched slightly above the steep downtrend line.

The junior gold miners also surged on high volume.

The $USD continues to struggle to move higher. The failed test of the high yesterday did a lot of technical damage. Today, the dollar closed at the lowest level in two weeks. The MACD crossed down after making a lower high.

The webinar started with a lot of helpful tips on how to get set up for 2017. Suggestions for how to annotate your trades, organize your chartlists, and label your chart names were all covered. 

Commodities Countdown LIVE! with Greg Schnell - 2016-12-29 17:00 from on Vimeo.

If you really want to be ready for 2017, we have some great plans for helping you to achieve more from the 2017 year. Tom Bowley and I are going to offer up some monthly webinars to help navigate through the most powerful parts of the site.

With that, we hope 2016 was a great year for your trading and that 2017 will be an even better year! Happy New year and thanks for following along!

Good trading,
Greg Schnell, CMT, MFTA.

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018).
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