Its Time For Gold To Move Up
BL | Mar 12, 2013 11:36AM ET
Long term trend for XAU/USD (Gold) is uptrend. Good support forms at 1525.00.
Currently there are 2 camps of gurus on gold: 1 camp is bullish, 1 camp is bearish. I choose to believe the views of the insiders. and insiders are bullish.
Buy XAU/USD at 1572.18
Stop level at 1475
Target level at 1750
To trade commodities is very simple: We will observe the trades of the insiders; we will use those information to differentiate buy and signal signals. After that we will check the chart using our designated indicator to find out if the entry point is good. If the entry point is good, we will enter the trade using the exchange traded fund (ETF) or buy the stock that will most benefit from the rise of that commodity.
In our view, trading commodity ETF has lower risk than buying common stocks. Commodity ETFs are not subjected to risk of accounting fraud or risk of negative earnings announcement or business risk which are hard to predict. If I buy oil ETF, as long as oil goes up, my oil ETF will definitely go up. It is that simple.
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