Finance Tips

Today what do you call a gold bug? Cautious, prudent scared or a trend follower? The fact is that Gold is on the move once again. As I am writing this gold is knocking on the door 1020 again. Is it time to start gold prospecting? If you are a trend follower in the commodity markets one would need to pay attention to gold. It is one of the strongest commodities in terms of relative strength and price action. On a Donchian trading approach one would have been long gold since $968 on Sep 2. There is approx $1638 in profit per contract. The point I am trying to make is there are Gold bugs who suggest buying gold as the world is ending and there are commodity trading advisors that trade a system …follow the rules and seem to be on the right side of trending markets. Continue reading ‘Gold Prospecting’ »