Posted on Thursday, 24th September 2009 by admin
etf gold
Last week, I have written about the best ETF Gold on the stock market. I actually think that gold could be part of the best stock to purchase in 2009. However, even though the US dollar is plunging, and investors fear inflation, gold is not skyrocketing…yet! Hence, many people are questioning why gold prices haven’t gone higher – much higher.
I found a new video, explaining some of the subtle market cycles that are at play right now in this market. These short-term cycles have been the dominant force in gold all year and appear to be still in control of price action. This is why we look at gold ETF not moving up as we were in a roller coaster.
According to the price of gold technical analysis, I believe the longer-term upward trend in gold is very much intact; short-term we could see more of a trading range that has a downward bias. I think when you watch this video you will get a much better understanding about the rhythm of this market.
If I am correct, you will see some amazing opportunities that I believe will be presented to traders in Q4. In fact, if everything goes according to plan are we could all be looking at some very nice Christmas/holiday profits. The short term cycles will end sooner or later and then, the real price of gold will show up… at more than $1000 per ounce 
Along with the technical analysis, all fundamentals push the price of gold to higher peaks:
- The fear for inflation
- The (bottomless) drop of the US dollar
- The fact that China is heavily purchasing gold as a substitute to the US dollar
- The fact that there is more and more demand for gold while gold mining industry is not able to find new and promising gold mines.
The video is easy to follow and I think you’ll learn a whole lot about cyclic price action in the gold market.
We do not require you to register to view this video. It is totally free and could really help you out understanding what is going on with gold and why you should consider investing in Gold ETF.
Posted in Investment Talking | Comments (0)
