Articles

Well it could be for a few years even though the gold stake holders would like to think otherwise.  And no matter how they much talk it up nothing will change.   And not even Indian weddings will save the precious metal in the coming years.

Aaron Lynch examines the current state of play in the all important commodities space.

Markets have periods of trends and periods of rest, just like you do when you want to go for a run. Sometimes, after a big move up or down, a market will reverse and go straight back the other way. But more often it will pause to gather its strength. This can be a challenging time for the trader, as good ABC trades are harder to come by.

If you have been watching the Gold price over the past week or so then you’ve surely seen some dramatic movements, both up and down. When you look at the profit potential in these moves, the dollars add up very quickly. Longer term, things haven’t changed for me, I’m still bearish based on the 200% of the range I’ve covered numerous times in previous articles. Sometimes though a trader needs to be thinking a little more about the short term and where the next big opportunity might come from.

Australian investors are looking for the next leg up after the recent 2012/13 rally appears to have run out of steam, stalling some 200 points below the ASX 200 peak of March this year.