This has become a series. If you followed me, you could have earned a lot dollars from trading Gold. You could have deposited a few dollars with Oanda, traded Gold on-line at very low leverage (water down the bridge). And watch your earnings grow...
Anyway, where is Gold today?
The price of gold broke through $900 an ounce for the first time Friday, during trading in New York.
Futures touched an all-time record of $900.10 an ounce in New York after strong price gains in London trading earlier.
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Part 1 was posted way back in March 27, 2007, and in that post I said:
Despite the sideways movement of gold prices, I still feel very much bullish on this metal in the long term. Gold for April delivery closed down $1.40 at $662.50.
In my opinion, this is a good buy. I would buy, and sit on it for the rest of the year. My target is at least double its current price.
My reasoning for doing this - is something I cannot post, a gut feeling, and a dream.
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Part 2 of this post was posted in September 22, 2007, and I said:
But that followed spot gold's surge to $739 an ounce in Europe on Friday -- its highest since January 1980.
It is up and up!
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Part 3 , November 8, 2007, on the news (from PDI):
The pullback in oil helped cool the surge in gold which peaked at a 28-year high of $845.40 on Wednesday, near its all-time high of $850 reached in January 1980. Spot gold was trading at about $833 an ounce by 0605 GMT.
So?
No matter what, I will have to close the trade once it reached 900. I guess a gain of 260 dollars an ounce is more than enough. I have always said do not bite too much what you cannot chew, and be careful.
--------------------
My target was reach. So would you still trade Gold now that it is at 900 dollars already? Ask me.
Anyway, where is Gold today?
The price of gold broke through $900 an ounce for the first time Friday, during trading in New York.
Futures touched an all-time record of $900.10 an ounce in New York after strong price gains in London trading earlier.
---------------
Part 1 was posted way back in March 27, 2007, and in that post I said:
Despite the sideways movement of gold prices, I still feel very much bullish on this metal in the long term. Gold for April delivery closed down $1.40 at $662.50.
In my opinion, this is a good buy. I would buy, and sit on it for the rest of the year. My target is at least double its current price.
My reasoning for doing this - is something I cannot post, a gut feeling, and a dream.
----------------------
Part 2 of this post was posted in September 22, 2007, and I said:
But that followed spot gold's surge to $739 an ounce in Europe on Friday -- its highest since January 1980.
It is up and up!
---------------------
Part 3 , November 8, 2007, on the news (from PDI):
The pullback in oil helped cool the surge in gold which peaked at a 28-year high of $845.40 on Wednesday, near its all-time high of $850 reached in January 1980. Spot gold was trading at about $833 an ounce by 0605 GMT.
So?
No matter what, I will have to close the trade once it reached 900. I guess a gain of 260 dollars an ounce is more than enough. I have always said do not bite too much what you cannot chew, and be careful.
--------------------
My target was reach. So would you still trade Gold now that it is at 900 dollars already? Ask me.