Equity Oracle: 06/08/2012

IAU is a cheaper way to play the gold market and it trades about 1/10th the value of GLD. You can see from the chart above that we are bouncing nicely off of a well-established role reversal support line. The video I’ve produced for you also looks at the daily chart and shows the gap that has been filled. This gives us an 80% to make money. Now, before you sink all of your buying power into this stock, you have to make sure you are sizing the position correctly. This would require the use of the 1% rule for managing risk.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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