He founded INO, an Internet-based educational and information service on markets based near Annapolis, Md.

FORBES: Adam Hewison Aims For 'The Fat Part In The Middle' Of Market Moves

Gold will rise next week, said Adam Hewison, president and chief strategist with INO and MarketClub.com.

FORBES: Survey Participants See Higher Gold Prices Next Week

Taking center stage in the lighting ceremony was Greek actress Ino Menegaki as the traditional high priestess.

CNN: 2012 Olympic flame lit in ancient stadium

Adam Hewison, president and chief strategist with INO and MarketClub.com, said he sees gold holding in a trading range.

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Adam Hewison, president and chief strategist with INO and MarketClub.com, said all of his technical chart indicators are negative on gold.

FORBES: Survey Participants See Gold Prices Rising Next Week

Taylor has also opined that Esther Snyder should be removed from her INO positions as president and director, and placed in a home.

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Two technical analysts, Adam Hewison, president and chief strategist with INO and MarketClub.com and Darin Newsom, Telvent DTN senior analyst, both said gold has run into short-term technical chart resistance which could put pressure on prices.

FORBES: Survey Participants Split On Gold's Direction Next Week

Adam Hewison, president and chief strategist with INO and MarketClub.com, said the recent activity of the market making a high on Aug. 23, then breaking, making a new high on Tuesday, then breaking, should make investors cautious.

FORBES: FOCUS: Gold Nearing Important Technical Chart Support Levels