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Buying Gold & Gold Investing
Buying Gold is picking up. The question is will Gold take out the $1,000 price range this time?Gold investing has been quiet recently. There seems no interest in the news since Gold fell off earlier in the summer. Buying Gold has fallen off. Now since buying Gold has fallen off…willGold take out $1,000 this time since no one expects it to?Not to play on words there is a big difference between those who were buying gold this year…and those so called gold investing. With Gold investing, they bought gold because theythought or were scared( without any method) that gold would take out $1,000. Those that werebuying gold relied on a method or system ( trend following). They purchased gold prior to thebig run up in June…and exited…some with a profit and some with a small loss.As we are trend following commodity trading advisors we know we do not know the future. Wereceived a signal to purchase gold on 7.20.09 at a price of 945. Our initial risk was to 927. Asyou can see this …as in all of our trades was a low risk. The key in trend following is put onevery trade. We can not choose and pick which trades we will take. We must be consistent. Itwill interesting if the gold market takes off. The effect on all commodities could be fascinating.We see the weakness currently in the US dollar as a back drop. Maybe inflation (which no oneexpects) might become present due to debt deflation. Time will tell if the Gold Market takes off.As a trend follower, we realize that any trade means nothing. We take lots of small risk trades,the majority do not work. This does not phase us. We know that eventually we will stumble intoa nice profitable trade because we are making ourselves available. The key here is not to predict but trade a diverse basket in the commodity markets & forex
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