Over the past two weeks the broad market has been inching its way higher. Continued... By Chris Vermeulen, April 24, 2009
Gold and oil traders have been on edge for the past few weeks wondering if prices will drop or rally from this correction/pause in prices. Continued...
By Chris Vermeulen, April 13, 2009
Continued....
By Chris Vermeulen, Mar. 26/09
Continued....
By Chris Vermeulen, Mar. 5/09
Continued....
By Chris Vermeulen, Feb. 25, 2009
By Chris Vermeulen, February 12, 2009
The past few months have been absolutely crazy in the financial markets. Financial advisors and banks are taking a beating from both the market condition and clients as individuals around the world are losing 30+ of their investments. Continued...
By Chris Vermeulen, Feb. 1st, 2009
At this writing, gold is still 15% off its peak, at least in U.S. dollars. Yet at the same time, the metal is cruising at or near all-time highs against a host of other currencies, including the Swiss franc, British pound, Canadian dollar, Australian dollar, and Indian rupee. Continued.
By the editors of Casey Research,
January 23, 2009
2008 is now in the rear-view mirror, with virtually every investor shouting “Good riddance!” Continued...
By Doug Hornig, from Casey Research January 7, 2008
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Gold Trading has a long history dating thousands of years, and has been a
basis for currency for just as long. Many investors like the idea of gold trading
because it is a commodity that has intrinsic value, and will never be worth
has a fundamental value.
In 2005, it was estimated that the total world supply of gold was 3,859 tonnes, and the current demand was 3,754. This means there is currently a surplus of just over 100 tonnes. The largest amount held anywhere in the world is held in the underground vault at the Federal Reserve Bank in New York, which holds approximately 3% of all the gold ever mined. The second largest amount is held at the United State Bullion Depository, which is located at Fort Knox, Kentucky.
As with FOREX, or the currency market, the central banks and the International Monetary Fund (IMF) play a great role in determining the trading or spot price. The universal price is called the London Gold Fixing, and it is considered to be the benchmark for all international pricing. It is decided up twice daily, out of London, and the rate is developed between the largest 5 bullion trading companies and priced per the ounce. Prior to just recently, the all time high price was $850/ounce, and that record was set on January 21, 1980. That stayed the high price until March 17, 2008, when it hit an all-time high of $1,023.50. The all-time low was $252.90 an ounce, and that record was set on June 21, 1999.
The Attraction to Gold as a Valuable Commodity
Learn How to Buy $10,000 of Gold, Oil, or Silver with a Few $100
How would you like to learn about online gold
trading and leveraging silver or crude oil with 100:1
buying power? That means you could trade 100
ounces of this commodity for as little as $10000.
With a Forex Platform you are able to buy gold, silver, oil and all the major currencies. You can try it out by opening an account with as little as a few hundred dollars. Otherwise, you may also learn about trading gold without using your own money, by signing up for a Forex Practice Account. Try a free demo account without risking any of your own money. Have fun trying to multiply your $10,000 practice account into hundreds of thousands in weeks or even days.
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