Last fall when the price of Gold collapsed more than twenty percent in a little over six weeks it was blamed on margin calls that were being generated by the massive selloff in the world’s stock markets.
Wednesday Gold sold off again. In the past month Gold has sold off almost 10% as the stock markets around the world have reached yearly highs.
It couldn’t be the Stock markets this time, unless investors were subject to profit calls.
Uh… this time it is the sovereign debt crisis in Europe. The logic now is that Gold is no longer a hedge against calamity; it could be very vulnerable if the Greeks default on the new money they just borrowed. Investors are now selling gold to buy US bonds. That is the same instrument that propelled Gold to lifetime highs when it was downgraded last year because of the US debt situation.
If none of this makes sense to you it is because none of it makes sense to anyone.
I have said this numerous times, and I am going to say it again.
Gold is a commodity and like any commodity it will fluctuate in price. Over the past ten years it has had one of the most spectacular runs every seen in any asset, but for the last nine months it is down almost 18% and if it were a stock it would be considered to be in a bear market.
Will Gold begin to glitter again?
Probably, but what if it continues to lose value?
Can we profit from this bear market, as we did in the bull market?
The answer is yes and I can teach you how to take advantage of any market and turn it into a profitable trade.
That will take discipline and that is what I can teach you to do. I have taught hundreds of students how to learn to trade and I can help you too. To contact one of my financial consultants and learn how I can teach you how to make successful trading decisions, in any market simply click here:
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As Always,
Keep those stops tight.
Todd “Bubba” Horwitz
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