I've been bullish on gold for over a month now! What a rush!
Ever since the gold price pushed to test the support level at around $915 little over 6 week's ago I was bullish. The upside target on the gold chart is $1250!
Now from the small pull back from $1024 level to $990 again the gold price has shot up to a record of $1050 since Monday. The gold index in South Africa has skyrocketed almost 10%!
What's the reason? Some of the reason is due to the dollar weakness in the global economy as inflation takes it's toll. But also there has been a debate about the price of oil being derived from a basket of commodities rather than the dollar alone.
Guess which commodity is being considered as part of the basket of assets to price oil in future?
You got it! It's GOLD!
The Australian FED bank also increased interest rates as the first bank to start doing so as the global economy shows signs of ticking up. The combination of all these things has pushed the gold price to break records!
The medium term outlook on gold is to target $1250. We will have various waves of upswing followed by profit taking before we get there.
Be prepared to ride the waves and walk away with reasonable trading profits! Don't be greedy!
I've moved my stop loss levels to entry now. Looking to close half of my positions on the stock market in the resources sectors.
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Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Showing posts with label market. Show all posts
Showing posts with label market. Show all posts
Thursday, October 8, 2009
Tuesday, June 2, 2009
Forex Trading made easy(ier). Have you seen the flourishing Forex Traders at every Bank, every Airport and even in most Malls? How do they do it? IT Systems and support. You too can use these excellent systems to operate you Forex Trading account or begin to explore the world of foreign exchange trading before making a commitment. I have researched AGM Trading to find all the answers to facilitate your entry into this lucrative market. This is what AGM Trading have to say:
“The Forex market is open 24 hours a day, 5 days a week. Because of the decentralized clearing of trades and overlap of major markets in Asia, London and the United States, the market remains open and liquid throughout the day and overnight. The Foreign Exchange Market is the most liquid market in the world eclipsing all others. In comparative terms daily volumes are more than 40x the Dow Jones Index.”
How to enter this enormous market? Let’s look at the offerings below.
Rolling Contracts and Daily Cash and Future Contracts have a ‘flow chart’ listing the currencies of the USA, UK and Europe and comparable value to each other. Point’s changes vary from second to second. The ‘spot rate’ can be compared from the time of your entry into the market, to the time you decide to sell, establishing exactly the profit you have made over that time span. Even small percentage gains add up to enormous profits on a weekly or monthly basis.
Have a look at the Specimen Market Information Sheets provided by AGM trading and sign up for a free demonstration. You have everything to gain.
The beauty about Forex Trading is that you can do it from the comfort of your own living room. In fact, you can trade currency anywhere in the world! The Forex Market is the easiest way to start a business that needs no staff, no stock, no inventory, no rent and no theft. All you need is trading capital and the right trading platform.
AGM Trading is even giving you starting capital to help you develop as a Forex Trading member. Take advantage of this one time offer with a free demo account and start up Forex trading money before AGM Trading take it off the table.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
“The Forex market is open 24 hours a day, 5 days a week. Because of the decentralized clearing of trades and overlap of major markets in Asia, London and the United States, the market remains open and liquid throughout the day and overnight. The Foreign Exchange Market is the most liquid market in the world eclipsing all others. In comparative terms daily volumes are more than 40x the Dow Jones Index.”
How to enter this enormous market? Let’s look at the offerings below.
Rolling Contracts and Daily Cash and Future Contracts have a ‘flow chart’ listing the currencies of the USA, UK and Europe and comparable value to each other. Point’s changes vary from second to second. The ‘spot rate’ can be compared from the time of your entry into the market, to the time you decide to sell, establishing exactly the profit you have made over that time span. Even small percentage gains add up to enormous profits on a weekly or monthly basis.
Have a look at the Specimen Market Information Sheets provided by AGM trading and sign up for a free demonstration. You have everything to gain.
The beauty about Forex Trading is that you can do it from the comfort of your own living room. In fact, you can trade currency anywhere in the world! The Forex Market is the easiest way to start a business that needs no staff, no stock, no inventory, no rent and no theft. All you need is trading capital and the right trading platform.
AGM Trading is even giving you starting capital to help you develop as a Forex Trading member. Take advantage of this one time offer with a free demo account and start up Forex trading money before AGM Trading take it off the table.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
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