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GoldEarly in January 2008, the price of Gold surpassed all previous highs and is now trading towards $1000/oz. This impressive price run-up has been due, in part, to the steep decline in the U.S. Dollar Index beginning in 2002. As a rule, when the Dollar moves down, the price of gold moves up and that is exactly what has been happening since the U.S. Dollar Index made its highs several years ago. With the Dollar in a steep decline against other foreign currencies, we are experiencing a bull-market in gold! Signs of inflation and an increasing money supply are also having more influence on the price of Gold as well. Considering the potential for a further run-up in the price of gold, let us take note of the only other time in history when Gold was trading anywhere near today’s price level. By the end of 1979, the price of Gold surged briefly over $850/oz. However, one must realize, that the price we experienced in 1979 would equate to roughly $2,400 per ounce today when adjusting for inflation. We consider the possibility that the current run-up in the price of Gold still has momentum. Interestingly, we have also noticed that the share prices of many gold mining companies crested during the last five years, while physical gold continues to trade higher. There is a current disparity between the price of gold and the share prices of most gold mining companies. Investors will want to consider taking advantage of the bull-market in gold and silver by investing directly in these precious metals. To get started, contact Ventura Futures today for a FREE Gold Trading Kit. Our trading kit can help novice and experienced traders alike to make more-informed and confident trading decisions. Perhaps you are new to futures and options but want to take advantage of the current bull-market in gold. At Ventura Futures, you will get assistance in trading any of the precious metals markets directly. We offer educational and mentoring-style brokerage support or on-line trading and we look out for our clients! With your FREE Gold Trading Kit we will help you get on the fast-track as you learn how to utilize futures and options strategies to take advantage of the current trend. Utilizing options and options spreads can be a way of reducing market exposure as well as entry cost. With your Contact us today at 1(800) 997-1157 for your FREE Gold Trading Kit! Click here to order your free resources now! 2008 Futures Trading Calendar and Reference Guide |
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