gold trading today

What are the new highs for gold telling us?

Gold since the beginning of time has been registered as the only true currency. Old civilizations like the Egyptians, Persians, Babylonians, Greeks, Romans and all had gold as the only true currency in their monetary systems. Although money schemes Trust have come and gone for gold has stood the test of time. Even Christopher Columbus was searching for gold trading when he founded the New World. Why so hard gold search? What is so special about this metal that men are willing to die for her and economies collapse of his departure as the standard.

In 2000 when the tech bubble burst and the birth of a new bear market began gold traded at $ 300 an ounce. Federal Reserve Bank then headed by Alan Greenspan, began to lower interest rates and gold began to rise. Although the stock market seemed to recover gold in 2003 continued to gain more negotiation around $ 400 an ounce. When the housing boom followed gold started moving higher and has never stopped. To the Apparently, the gold was for signaling the world that another bubble and crisis was looming. In 2007, when the next major phase of the campaign or perhaps second bear was beginning gold was quoted at just over 1,000 an ounce. This metal coin or calls up more than 300 percent since the Federal Reserve Alan Greenspan began lowering the funds rate 1 percent federal and delivering the housing boom. Could it be another bubble in the making? Could this be a repeat of the recent past (2000-2007) as the current Federal Reserve Bank, Ben Bernanke has lowered rates to zero and gold has soared to new all-time trading highs at $ 1.049 an ounce to close the October 9, 2009? This time, however, the housing market has not reacted as it did in 2002-2003 and the unemployment picture is very different this time too.

Where does the U.S. dollar in this table? The dollar has steadily declined since the 2000 stock market bust. Now it is very close to 2008 when oil goes down again traded as high as $ 147 per barrel. Currently, oil is traded around $ 72 a barrel and has been very volatile since its recent peak of $ 89 a barrel. Is it possible that the market is still fighting a deflationary picture? Everywhere we hear turn on stage inflation being painted in the media. Perhaps the U.S. government and the Federal Reserve Bank actually prefers inflation and create it really is. If inflation then takes over the Federal Reserve Bank could simply raise interest rates to solve the problem. Can the world survive another dose of medication prescribed Alan Greenspan in 2001? What if this is still the same disease?

What if this is a fight against deflation? Japan continues to struggle against deflation by the end of 1980. At the peak of the Japanese economy, the Nikkei market index was trading around 40,000 and today is 10,000. It was even lower before that the recent global coordinated stimulus plan and never went back even 50 percent of what it lost since the late 80's decline. Please understand that this Was 20 years ago from its deflationary economic spiral began. The only thing that probably saved the Japanese people from a much worse economic environment staff were they had a high savings rate and very low debt. This is something that people in the United States do not have. Have just the opposite. They have little savings and are drowning in debt. In addition to having a government that tells them to go out and spend too much.

So while we learn the great revival that is taking place in the whole world our friend tells us gold a different story. Yes, gold might be due to a decline in the short term, as is increasingly full of speculators it is the new commercial of all time high price. However, signaling the warning signs of something that is not healthy for this new stimulus, rescue, or anything else you want the title. Whether inflation or deflation is on the horizon of gold is telling us to be careful.

Nicholas Santiago
Chief market strategist
www.InTheMoneyStocks.com

About the Author

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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