Introducing The Midas Touch Gold Model
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
A simple yet successful model to understand and trade the gold-market.
Gold will most likely continue its recent recovery towards US$1,140.
Final bear market low expected in spring or early summer around $980-$1,025.
(click to enlarge)
Probably the most emotional asset in the world
GOLD - a subject on which opinions are strongly divided. In addition, one of the most difficult and nontransparent markets in the world. Although, in the past five years many fundamental reasons actually should have led to a rising gold price, the precious metal itself lost more than 45% calculated in US-Dollar. While on the one hand hardcore gold bugs suspect a conspiracy theory behind each price slide and expect the direct demise of the Western World, the mainstream and society on the other hand deny the numerous advantages that gold investments have and want to write it off as a barbaric relic of a bygone era. The truth probably lies - as so often - somewhere in the middle of these two extreme views.
Keine Kommentare:
Kommentar veröffentlichen