Tuesday, November 19, 2013

How to Trade Gold

At first, the run up in gold prices was a quiet movement, but as the consistency held, the buzz around the metal began to build. From 2005 to 2010, gold gained an average of twenty one percent each year, hitting an all time high of $1,923.7 per ounce in September of 2011. At that time, the bullish sentiment for the commodity was unmatched in the gold trading world, it seemed like cracking the $2,000 barrier was simply a matter of when, not if. As the Fed and Bernanke continued to toy with quantitative easing programs and print more money, the general consensus was that gold would continue to soar, but that did not happen. The asset pulled back from its 2011 highs to close out that year, and was able to post moderate gains for 2012. But 2013 has been nothing but a disappointment for the asset, as it is down nearly twenty four percent. The fed will continue to prop up the markets if a crash comes when the fed stops inflating the markets gold will most likely sore.
How to Trade Gold