Gold Futures Market
Gold going higher?
Gold has had some dramatic moves in the last eighteen months and we hope that there will be some movements also dramatic in the future but not now.
While I recognize that gold is one of the few commodity markets that people are really passionate, the purposes of this article is not taking sides with either the gold bugs, or those who reject the argument that gold is forever. Rather, I want to talk about my interpretation market cycle.
After spot gold was a record high against the dollar on December 2 at $ 1226.37, gold has been in the way withdrawn. In recent months the gold has been in a wide range of operations, apparently unable to move one way or another. This process has created frustration among bulls and bears alike.
Here's the dirty little secret about the gold market. It can be a horrible investment and is here's why:
Gold began trading in the 80s while I was on the floor of the Chicago Mercantile Exchange in Chicago as a member of the International Monetary Market (IMM), which was at that now a division of the CME now the CME Group. When gold was opened to the public was clamoring to buy the gold futures market and guess who sold it to them? Thats right it was the pros, the guys who made their commercial life. As a result, Gold hit a record high of about $ 850, then and it took almost 25 years for gold to move at that level, at least in dollar terms. I do not know what their timeline, but 25-30 years is a tremendous time long to get back again.
So what is really happening in this market?
Everyone is aware of the problems of Europe Greece, Portugal and a large number of countries still has no name. We all know that the huge amount of money being printed, along with bank failures overseas contribute to the decline in dollar value. These events, in conjunction with the actions of American governments also contribute to the devaluation of the dollar. The government says this is good for exports, but the bottom line is that the purchasing power of U.S. dollar continues to erode in world markets.
On the basis of the decline in world currency value against gold might ask why the gold trade at $ 2,000 or even $ 3000 isn't the ounce? What is wrong with this market? This is because a lot of what goes into the gold market is psychological and reacts to cyclical trends driven by both psychological and economic factors.
So what does all this have to do with the price of gold now? It has everything to do with the gold and nothing to do with gold.
Here is what I have seen in recent years in gold and appears to hold true. It's something you should pay attention to if you are interested in the next great step in the gold market.
==> View New Video: "Gold is going higher?"
Before gold can go higher you need to create what I call an energy field ". The most recent energy gold fields were between May 12, 2006 and September 20, 2007. This 17-month field of energy that gold prices fluctuate from a wide range of operations related by $ 730.08 (reverse) and $ 541.80 (down). That field of energy produces enough energy to drive gold the new maximum of $ 1012.40 on March 17, 2008. This marked the first time exceeded gold, in dollar terms, the thresholds set in the 80s mentioned above.
The energy fields that I have observed for gold are taking place between 17 and 18 months. If the field of energy is maintained Then on December 3, 2009 up to $ 1226.37 must remain in place for quite some time. If the same holds true cycle, then the recent lows we have seen, $ 1,050, must also remain intact as they represent the 15-16 month cycle low.
With lows in its place the following question is asked when the next cycle high in gold? Based on the current cycle, we can expect the next big gold high in 2011.
In short, I hope gold being locked in a trading range for the next 12 months limited by December 09, 1226.37 maximum and minimum of $ 1,050.00. If the gold cycle is true, we expect gold marker tops $ 1226.37 by April or May 2011.
Above his head, also looking for gold to make a nature cyclical high in October or November 2011. It is impossible to predict the future with any degree of accuracy, but when you look at the cycles of gold this reads like a fairly bet good.
No matter what we expect gold are some great business opportunities for investors and traders should be able to take advantage.
==> View the new video: "Gold is going higher?"
As always discuss in a negotiation should focus on gold or any other market with a game plan and good price stops management. The key to success in this decade will be a willingness of investors to move in and out of asset classes like gold and well diversified in class more than one asset. So you tend to carry the bag for the next 25 years. Our global portfolio of commodities is a good example of this approach and believe to be a useful for investors and in the coming years.
About the Author
Rob Trader – Forex Expert
http://tradingtoollist.co.cc/
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