Buying Gold & Gold Investing

Purchasing Gold is picking up. The question is will Gold take out the ,000 price range this time? Gold investing has been quiet recently. There appears no interest in the news since Gold fell off earlier in the summer. Acquiring Gold has fallen off. Now since purchasing Gold has fallen off…will Gold take out ,000 this time because no one expects it to?

Not to play on words there is a large distinction between those who had been getting gold this year…and those so called gold investing. With Gold investing, they bought gold since they thought or had been scared( without having any strategy) that gold would take out ,000. Those that were buying gold relied on a method or program ( trend following). They purchased gold prior to the massive run up in June…and exited…some with a profit and some with a small loss.

As we are trend following commodity trading advisors we know we do not know the future. We received a signal to buy gold on 7.20.09 at a price of 945. Our initial risk was to 927. As you can see this …as in all of our trades was a low risk. The key in trend following is put on each and every trade. We can not decide on and pick which trades we will take. We need to be consistent. It will interesting if the gold marketplace takes off. The effect on all commodities could be fascinating. We see the weakness currently in the US dollar as a back drop. Maybe inflation (which no 1 expects) may grow to be present due to debt deflation. Time will tell if the Gold Market takes off. As a trend follower, we realize that any trade means nothing. We take lots of small risk trades, the majority do not work. This does not phase us. We know that ultimately we will stumble into a nice profitable trade due to the fact we are creating ourselves offered.
The key here is not to predict but trade a diverse basket in the commodity markets &amp forex markets and make small low risk bets when we obtain our signals.

To see the actual chart come to

http://myinvestorsplace.com/2009/08/02/buying-gold-gold-investing/

Andrew Abraham
www.myinvestorsplace.com

Futures trading entails risk. People can and do lose funds