Louise Yamada: Massive Six Year Base Will Lead to Higher Move in Gold (Video)
Louise Yamada: Massive Six Year Base Will Lead to Higher Move in Gold Video by Palisade Radio
Louise became involved with technical analysis in a round-about-way. She received some professional advice from her broker, which led her to take an advanced course on the topic taught by Alan Shaw. She found it fascinating and was hired right out of the class by Smith Barney. A lot of her education was hands-on from the job itself. She says, “To a certain degree, that approach allowed me to think outside of the box.”
Gold has had a tremendous six-year base, and the recent breakout has reached the support levels of the 2011-2012 period. It makes sense for a pause and a possible pullback at this level. The next moves could equal or surpass the previous high. The potential is there in terms of a technical profile.
Time Stamp References:
0:40 – What made her interest in tech analysis.
2:45 – T.A. still works in spite of algos and quants.
5:00 – How far will the gold breakout go?
7:30 – T.A. works across all markets and indexes.
10:00 – Usefulness of momentum indicators.
11:30 – Good books on technical analysis.
15:10 – T.A. should be important to the investor.