wearmanyhats

Any time you have a great deal of volatility in the market, with at least some stabilized bottom, you also have a great opportunity for profit making.  However, you also need a good chuck of cash to do this trading, and a watchful eye.  But if you are able to come up with both of those, there are some ideas that you might wish to consider.

Gold has been on a downhill pattern for a while, though almost everyone who knows gold fully expects the financial situation of the United States to eventually have gold break out and fly upward at some point in the future.  Not too long ago, I told you to pick up gold when it was around $720/oz, but now I don’t feel that the dollar will allow it to go t earing upward.  If, indeed, you did buy in at  that lower number, feel free to take profits TODAY.  If you are a long term trader, expect the price of gold to flying up at some point once inflation kicks in to counter all of the deficit spending of the US government.  Right now, all we see is a downhill trend, but at some point, that $720/oz will look very cheap.

The marriage partner of this is the dollar.  If you are FOREX trading, the dollar will go back up soon, so now’s is a good time to buy.  People are still running to the dollar for security, and the recent decline in the dollar is just the usual market ups and downs.

Enjoy this week of quiet.  Next month expect the market to absolutely tank downward. This respite is welcome now.

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