I have had a number of requests to update my January 3rd special report on gold. Since that report, gold has rallied $150 from the lows that were seen in late December 2013.
On January 3rd, I outlined what I thought was going to happen to Gold (FOREX:XAUUSDO) and I was very happy to see that scenario play out for both our members and myself. Since that date I have seen a number of factors play into the market, the biggest being the events in the Ukraine right now.
One fact I wanted to share with you, which I found surprising and did not know, was the fact that Indian housewives hold 11% of the world's gold. That is more than the reserves of the USA, IMF, Switzerland and Germany put together. Now, there’s a bit of trivia to impress your friend with. Continue reading "Is The Gold Move Over?"
Let's face it, without change, there can be no opportunity. As traders and investors, we need to see change in order to make money.
One potential opportunity in 2014 could be gold. In 2013, gold suffered what was perhaps its worst performance as an asset in decades, losing over 25% of its value for the year. This was the first time that gold had a year-to-year loss that I can remember. So in 2014, the question has to be, what's going on with gold and is it going to redeem itself?
Looking at the chart which begins in July of 2012, you can see that gold hit its high and then basically for the next 15 months moved consecutively lower. This high is not the all-time high that was seen in August of 2011 at $1904, but the most significant high for our chart work. Continue reading "Change = Opportunity = Gold"