Trade and currency and gold

[Editor's Note: As you can see from the chart, gold has been on an 11-year tear. But according to Peter, that's just the beginning. In today's 2013 forecast Peter outlines the five forces that will push gold to new all-time highs.]

By Peter Krauth, Global Resources Specialist, Money Morning

November 28, 2012

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No two bull markets are ever the same, and gold is no exception.

During the last secular gold bull market in the 1970s, gold rose from $35 in 1968 all the way to $200 by late 1974.

Then the unthinkable happened. Between late 1974 and mid-1976, gold prices were cut in half, dropping from about $200 to $100.

At the time, many gold investors sold out in disgust, never to return.

But then a funny thing occurred. Gold prices started to climb again, rising from $100 in mid-1976 all the way to $800 by January 1980.

And anyone who was fortunate enough to own gold at $35 earned better than 20 times their investment in just 12 years.

Twenty-one years later, a new bull market began. Since 2001, gold has consistently performed in what now appears to be a record-setting run.

In fact, since 2001 the average return on gold is now just shy of 18% annually over the last 11 years.

I know of no other major asset that has turned in this kind of performance -- ever. This rise in gold prices is simply unmatched.

This is what a stealth bull market looks like, one that I fully expect will keep powering on.

Now, let's have a look at where gold prices might be headed in 2013...

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Gold 2013 – What is the trend for the gold price in 2013 and beyond

2013-01-15T17:49:00.003-08:00

Gold 2013 – What is the trend for the gold price in 2013 and beyond?

January 06, 2013

Towards the end of 2012 the gold price had increased on an annual basis in each year for a decade. What is the forecast for the gold price 2013 and beyond? Will the 10-year upwards trend of the gold price continue in 2013?
A majority of gold investors views gold more as an insurance or store of value than as a means of speculation. These investors therefore regularly take a longer-term view on gold as an investment. What trend of the gold price can we expect in 2013 and for the following years? Gold price forecasts will never be completely accurate, but we collected some information on the key drivers influencing the gold price and analysts’ gold price forecasts for 2013.

Review of Gold in 2012

The gold price started into the year 2012 at US dollars 1,531 per ounce. Over the full year 2011 the price of gold had increased by nearly 9% despite the two dips in September and November/ December. This made 2011 the tenth consecutive year in which the gold price increased.
By December 31st, 2012 the gold price has further increased – amid high volatility – to roughly US dollars 1,657, i.e. by more than 8% from the beginning of 2012. In euro terms the price increase was nearly 6% over the same period.

Drivers of the gold price

The gold price is – as the price of any commodity – driven by the basic laws of supply and demand. The demand for gold falls into four sectors: The official sector, i.e. central banks, jewellery, technology, i.e. industrial and dental sectors, and private investment.
In 2010 the central banks have developed from net sellers to net buyers of gold, driven by a decrease of sales from developed countries and an increase in buying activity from developing countries. Given the low percentage of central banks asset allocation into gold in emerging countries like China (2% versus about 70% in countries like the United States, Germany and France), there is a solid chance that the official sector will continue to be a net buyer of gold in 2013 and even beyond 2013.
Over the last decade jewellery demand for gold decreased in relation to demand from other sectors, mainly the investment sector. High gold prices and economic uncertainties will likely keep gold demand from jewellery moderate in 2013.
Gold demand for industrial purposes and dental uses accounted for just about 10% of total gold demand in 2011. As for jewellery demand, high prices and potentially low/volatile growth will likely dampen demand for gold for industrial uses in 2013.
Besides jewellery, the demand from the investment sector accounts for more than 40% of total demand. Amidst the money and debt creation by major economies and following the financial crisis, which started in 2007, the demand for gold as an investment reached record highs in 2011. While during the previous gold price peak in the second quarter of 2010 the demand came nearly in equal parts from gold securities like Gold ETF and physical gold in the form of bars and coins, this changed during the latest peak in the third quarter 2011, when nearly 80% of investment demand flowed into physical gold, e.g., in the form of professionally vaulted gold. This indicates that safety is a major concern for gold investors, who usually view physical gold or vaulted gold as more safe than so called ‘paper gold’ (see our comparison of different forms of gold investment).
The second important driver of the gold price in addition to the demand factors is the supply side. The supply of gold is composed of mine supply, i.e. gold production, and gold recycling.

Mine production reached a new high in 2010 and is expected to increase by about 10% until 2013. Gold recycling, i.e. gold scrap, is also on a record level. The high gold price and economic troubles will likely result in a continuously high level of gold scrap in 2013 and potentially beyond.

Scenarios for 2013 and the gold price trend

The overarching driver of the gold price for the year 2013 and beyond will be the development of global financial crisis. The levels of debt piled up by Western governments and often also corporate/private sectors are still not sustainable. There is basically one scenario to get rid of this burden: disciplined deleveraging, i.e. reduction of debts. The alternative, which was pursued over the past years, is to create more debt. This could eventually lead to inflation levels significantly above the inflation rates we saw during the last decade in Western currencies.
Either way, both a deleveraging, which will probably be long and painful (‘the lost decade’), or a reduction of the real debt pressures by means of higher inflation will potentially preserve gold as an attractive insurance asset or store of value for many conservative investors in 2013 and beyond. Geopolitical risks, e.g. in relation to Iran, will support this position of gold as a ‘safe haven’ further.

Gold price forecasts 2013

For the fourth quarter of 2013 analysts surveyed by Bloomberg in November 2012 forecasted a level of US dollars 1,925.- per ounce of gold.
The bullion bank ScotiaMocatta forecasts a rising gold price in 2013 and would not be surprised to see a gold price above US$ 2,200.- per troy ounce of gold.
The French Bank BNP Paribas estimated in November 2012 gold to reach US dollars 1,675 per ounce in 2012 and US dollars 1,865 per ounce in 2013. On the other hand, Thomson Reuters GFMS expects the peak of the gold price for end of 2012 or beginning of 2013 and a following decrease in the price of gold from 2013 on. In November 2012, members of the London Bullion Market Association forecast a gold price of US dollars 1,843.- by September 2013. The global bank HSBC predicts a very similar gold price of 1,850 US dollars per ounce of gold in 2013.
The CEO of the largest US gold mining company Newmont Mining estimates that the price of gold in 2013 may increase to US dollars 2,550.
In November 2012, Deutsche Bank updated its forecast on the gold price to US$ 2,000.- by next year, i.e. 2013. Credit Suisse expects a gold price of US$ 1,840.- in 2013, while in October 2012 private bank Coutts predicted gold prices to reach US$ 2,000.- in the coming months.

Outlook on Gold 2013 and beyond

The diversity of analyst predictions with regard to the gold price in 2013 and the following years mirrors the uncertainties in the global markets.
An interesting fact about gold is that it often performs well in scenarios of deflation (for instance driven by global debt reductions) but also in scenarios with higher than usual inflation rates (which could potentially occur as public debt level increases further).
Gold therefore tends to perform positively in times of economic uncertainties as well as in acute crises. Unfortunately, the global financial problems are not yet sorted out. Some credible commentators expect several more years of uncertainty and painful deleveraging, which could end only when we are approaching the next decade.
Thus, in the foreseeable future a moderate allocation to gold will remain the imperative for many investors and could result in a positive trend of the gold price 2013 and beyond. Portfolio diversification, i.e. the allocation of funds to different asset classes and investments, should remain an imperative for safety-orientated investors over the coming years.
As with every investment, fees are a key performance driver to be considered when investing in gold. Vaulted gold, i.e. gold stored in professional vaults, can offer investors outright gold ownership at reasonable fees combined with high liquidity and safety. Investors would be well advised to compare gold investments.
[Last update: January 6th, 2013]

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21 Comments to Gold 2013 – What is the trend for the gold price in 2013 and beyond?

January 3, 2013 at 8:12 pm

sandeep garg wrote:

i think that gold should have rang bound 1650$ to 1825$ in first and second qtr and also very gambling in 2013.
December 3, 2012 at 7:46 pm

Gold Finger wrote:

Now that the election is over and Barack Obama is our president for the next four years, gold prices will definetly be on the rise.
1.) Captial gains will be going up come Jan 2013 meaning there will be a huge sell off. Stocks will go down gold will go up.
2.) The president is estimated to increase the deficit by another 4 trillion dollars. The bigger our deficit the higher gold will revalue itself.
3.) The president’s spending may cause China to stop investing in the dollar and form a new currency with the Central Banks which would deplete the value of the dollar.
December 3, 2012 at 3:28 pm

Hamid wrote:

i agree with Jonathon but not at $1000 an ounce by end of 2013 , maybe around 1200-1400. But there is another section that banks looking to create more oscillation to make more liquidity in the Gold market . So I think the next year will be very interesting as well risky for gold market . we must be ready to see the gold price at the range of $1200 – 2800 an ounce in 2013. Gold market is a gamble in 2013…
November 30, 2012 at 6:31 am

Mehmood wrote:

I believe the Gold will not cross the 1800 main resistance till year end 12. Gold will bounce back to level 1840 – 1870 in the begging of next year and then will drop down to 1600 level in the mid of next year. The price in 3 or 4th Quarter 2013 depend on the US unemployment rate and further QE etc which will set the direction for the Gold to either retest 2011 High or to remain Range Bound.
November 27, 2012 at 5:52 pm

Trustable Gold wrote:

According to the median of 16 gold price forecasts compiled by Bloomberg, the price of gold will rise every quarter in 2013 and average US$ 1,925oz in the last quarter of that year.
November 9, 2012 at 2:24 am

Jonathon wrote:

Look at the predictions early in 2012 they say gold at 2,000 an ounce by years end and they are ALL WRONG .. with the govt of the US back into office the ptrediction now is a massive depression mid to late 2013 due to unemployment production falling off and deficit in the clouds, Strangely gold prices will fall because of lack of money and no buyers ..gold will be at 1000 an ounce by end of 2013.
October 16, 2012 at 4:20 am

Another Chris wrote:

“A sale of the reserves would have no significant impact on the public debt of the United States but further undermine trust in the U.S. Dollar.”
At today’s prices. A statement by central banks that they stand ready to buy gold at $60,000/oz would take that 3% coverage to 100% coverage and balance the CB balance sheet. The treasury and central bank can then net out the difference, and reset to zero.
There are few immediate consequences* to this action as gold is not use for any useful purpose in society.
* Besides not resolving the root cause.
This is the likely resolution to the problem as it’s the past of least resistance. I expect this to as the ‘next line of defense’ in a Lehman type event in the future.
October 10, 2012 at 2:46 am

Nazmi wrote:

In light of the fall of the PIIGS, i think, gold price will stabilise at around USD 1800, and will start to reach USD 1900 once Spain declare that it needs financial help from the EU.
The China argument is interesting. But i think China is embracing capitalism so much that it just want to create wealth no matter what, holding wealth values (i.e commodities) are last in their minds.
September 24, 2012 at 6:25 pm

gold account wrote:

Gold price forecasts for 2011 through 2013 were recently reduced by troubled French Bank, BNP Paribas , following the recent volatility in gold price valuations. In the near term, a further correction in the gold price may be warranted with physical gold sales and investment redemptions being realized to offset losses in other asset classes. Over a medium to longer term investment horizon, Precious Metals Research Analyst Anne-Laure Tremblay remains optimistic, “We see the gold price peaking in 2013, as the market starts to anticipate monetary tightening in the United States, but do not expect a sharp fall thereafter.” BNP Paribas reduced its near term outlook on gold prices to average $1,730 per troy ounce in the fourth quarter, down from its earlier estimate of $2,170 per troy ounce and further reducing its target 2012 gold price forecast to $1,950 per troy ounce.
September 19, 2012 at 5:26 pm

Trustable Gold wrote:

In a new research report Deutsche Bank predicts that the gold price will rise above US$ 2,000 in the first half of 2013.
Analysts of bank of America forecast a price of US$ 2,400 for gold over the time frame until 2014 under the assumption that the quantitative easing is being continued.
September 16, 2012 at 3:58 pm

Bright wrote:

After the open ended (QE3) programme, I believe most of these forecasts need to be reviewed higher
September 11, 2012 at 1:25 pm

Trustable Gold wrote:

Several new gold price forecasts were released in early September 2012:
Thomson Reuters GFMS, a precious metals research company, predicts a gold price above US$ 1,800 by the end of 2012 and a price above US$ 2,000 in the first half of 2013 “before starting a secular decline later that year”.
The Swiss bank UBS increased its one-month and three-month gold price forecasts to US$ 1,850.
And finally, the pan-European banking group Unicredit issued its ‘Commodity Outlook’ that predicts a gold price of US$ 1,900 by end of the year 2012 and an average price of gold of US$ 1,900 in 2013.
August 29, 2012 at 4:42 am

Jesse wrote:

Good boy Chris, you tell him! The average debt per US person is $51,000 and rising. This includes the children, elderly, disabled and unemployed. There is no way we’re paying this off. This can be ignored or addressed.
August 17, 2012 at 2:04 pm

Chris wrote:

@Trustable Gold
…and to add to the precious argument: A large share of the US currency reserves is held in gold (approx. 75%), but the total holdings have a worth of just about US$ 350 billion. US public debt in comparison is above US$ 10 trillion. The gold reserves only amount to about 3% of public debt.
A sale of the reserves would have no significant impact on the public debt of the United States but further undermine trust in the U.S. Dollar.
August 17, 2012 at 1:47 pm

Trustable Gold wrote:

@Karthigeyan
Fortunately or unfortunately the US have another option: They just could print more money and buy their own debt papers, i.e. monetarize debt.
Eventually this could lead to high inflation, but it means that there would be no need to sell gold holdings.
August 8, 2012 at 12:44 pm

Karthigeyan wrote:

@Ysuf Ayaz
If China is to say they are not buying US T. Notes anymore, then wont the US need to liquidate their Gold (which is 70% of their savings?) to pay of their debt? In that case, wont the Gold price rally down? China has invested only 2% into Gold. If the price rallies down, China would keep buying it until it empties US and then it would dominate to increase the prices. Does it make sense?
May 21, 2012 at 3:39 pm

Yusuf Ayaz wrote:

It is not the gold increasing in value, it is the paper money being watered down.
Gold is a unit of measure which does not change, it is our promissory notes (paper money) losing their credibility.
All it takes is China to say “I am not buying US T. notes anymore because I do not believe they can ever pay it back”
Then watch the gold prices taking off…
This scenario would hurt China as well simply because they have enermous amount of US dollars but it would have a devastating effect on US economy…
Just my two cents…
Y.
March 29, 2012 at 5:51 pm

Trustable Gold wrote:

Goldman Sachs released a research note that sets the price targets for gold to USD 1,785 per ounce of gold by end of June 2012, USD1,840 by end of September 2012 and USD 1,940 by the end of year 2012.
Goldman Sachs assumes that “subdued” growth prospects in the United States will likely support the price of gold in 2012 but also sees potential “risks” in case that US economic data should develop better than expected.
In contrast to Goldman Sachs’s view, CPM Group, an independent commodities research and investment banking company, assumes that gold prices will probably not rise above the record levels from 2011 but the price should stay above USD 1,500 per ounce in 2012 and USD 1,400 in 2013 and the following years.
February 27, 2012 at 12:27 pm

Trustable Gold wrote:

Christopher Wyke of Schroder Investment Management expects gold to trade at about $ 2,250 by the end of 2012.
According to Wyke, the bull run might last a further five to eight years, with the price coming near to $5,000.
Source: BusinessReport
January 20, 2012 at 12:53 pm

Trustable Gold wrote:

80% of surveyed executives of global gold mining companies expect the gold price to increase over the coming twelve months.
Source: PWC Gold Price Survey 2012
January 20, 2012 at 12:44 pm

Chris wrote:

The Canadian investor Eric Sprott has predicted a gold price above USD 2,000 in 2012. Based on the problems of MF Global he believes, (option for) physical delivery to become more important for investors.

Gold 2013 – What is the trend for the gold price in 2013 and beyond

2013-01-15T17:49:00.001-08:00

Gold 2013 – What is the trend for the gold price in 2013 and beyond?

January 06, 2013

Review of Gold in 2012

Drivers of the gold price

Scenarios for 2013 and the gold price trend

Gold price forecasts 2013

Outlook on Gold 2013 and beyond

Recommended For You:

21 Comments to Gold 2013 – What is the trend for the gold price in 2013 and beyond?

January 3, 2013 at 8:12 pm

sandeep garg wrote:

i think that gold should have rang bound 1650$ to 1825$ in first and second qtr and also very gambling in 2013.
December 3, 2012 at 7:46 pm

Gold Finger wrote:

Now that the election is over and Barack Obama is our president for the next four years, gold prices will definetly be on the rise.
1.) Captial gains will be going up come Jan 2013 meaning there will be a huge sell off. Stocks will go down gold will go up.
2.) The president is estimated to increase the deficit by another 4 trillion dollars. The bigger our deficit the higher gold will revalue itself.
3.) The president’s spending may cause China to stop investing in the dollar and form a new currency with the Central Banks which would deplete the value of the dollar.
December 3, 2012 at 3:28 pm

Hamid wrote:

i agree with Jonathon but not at $1000 an ounce by end of 2013 , maybe around 1200-1400. But there is another section that banks looking to create more oscillation to make more liquidity in the Gold market . So I think the next year will be very interesting as well risky for gold market . we must be ready to see the gold price at the range of $1200 – 2800 an ounce in 2013. Gold market is a gamble in 2013…
November 30, 2012 at 6:31 am

Mehmood wrote:

I believe the Gold will not cross the 1800 main resistance till year end 12. Gold will bounce back to level 1840 – 1870 in the begging of next year and then will drop down to 1600 level in the mid of next year. The price in 3 or 4th Quarter 2013 depend on the US unemployment rate and further QE etc which will set the direction for the Gold to either retest 2011 High or to remain Range Bound.
November 27, 2012 at 5:52 pm

Trustable Gold wrote:

According to the median of 16 gold price forecasts compiled by Bloomberg, the price of gold will rise every quarter in 2013 and average US$ 1,925oz in the last quarter of that year.
November 9, 2012 at 2:24 am

Jonathon wrote:

Look at the predictions early in 2012 they say gold at 2,000 an ounce by years end and they are ALL WRONG .. with the govt of the US back into office the ptrediction now is a massive depression mid to late 2013 due to unemployment production falling off and deficit in the clouds, Strangely gold prices will fall because of lack of money and no buyers ..gold will be at 1000 an ounce by end of 2013.
October 16, 2012 at 4:20 am

Another Chris wrote:

“A sale of the reserves would have no significant impact on the public debt of the United States but further undermine trust in the U.S. Dollar.”
At today’s prices. A statement by central banks that they stand ready to buy gold at $60,000/oz would take that 3% coverage to 100% coverage and balance the CB balance sheet. The treasury and central bank can then net out the difference, and reset to zero.
There are few immediate consequences* to this action as gold is not use for any useful purpose in society.
* Besides not resolving the root cause.
This is the likely resolution to the problem as it’s the past of least resistance. I expect this to as the ‘next line of defense’ in a Lehman type event in the future.
October 10, 2012 at 2:46 am

Nazmi wrote:

In light of the fall of the PIIGS, i think, gold price will stabilise at around USD 1800, and will start to reach USD 1900 once Spain declare that it needs financial help from the EU.
The China argument is interesting. But i think China is embracing capitalism so much that it just want to create wealth no matter what, holding wealth values (i.e commodities) are last in their minds.
September 24, 2012 at 6:25 pm

gold account wrote:

Gold price forecasts for 2011 through 2013 were recently reduced by troubled French Bank, BNP Paribas , following the recent volatility in gold price valuations. In the near term, a further correction in the gold price may be warranted with physical gold sales and investment redemptions being realized to offset losses in other asset classes. Over a medium to longer term investment horizon, Precious Metals Research Analyst Anne-Laure Tremblay remains optimistic, “We see the gold price peaking in 2013, as the market starts to anticipate monetary tightening in the United States, but do not expect a sharp fall thereafter.” BNP Paribas reduced its near term outlook on gold prices to average $1,730 per troy ounce in the fourth quarter, down from its earlier estimate of $2,170 per troy ounce and further reducing its target 2012 gold price forecast to $1,950 per troy ounce.
September 19, 2012 at 5:26 pm

Trustable Gold wrote:

In a new research report Deutsche Bank predicts that the gold price will rise above US$ 2,000 in the first half of 2013.
Analysts of bank of America forecast a price of US$ 2,400 for gold over the time frame until 2014 under the assumption that the quantitative easing is being continued.
September 16, 2012 at 3:58 pm

Bright wrote:

After the open ended (QE3) programme, I believe most of these forecasts need to be reviewed higher
September 11, 2012 at 1:25 pm

Trustable Gold wrote:

Several new gold price forecasts were released in early September 2012:
Thomson Reuters GFMS, a precious metals research company, predicts a gold price above US$ 1,800 by the end of 2012 and a price above US$ 2,000 in the first half of 2013 “before starting a secular decline later that year”.
The Swiss bank UBS increased its one-month and three-month gold price forecasts to US$ 1,850.
And finally, the pan-European banking group Unicredit issued its ‘Commodity Outlook’ that predicts a gold price of US$ 1,900 by end of the year 2012 and an average price of gold of US$ 1,900 in 2013.
August 29, 2012 at 4:42 am

Jesse wrote:

Good boy Chris, you tell him! The average debt per US person is $51,000 and rising. This includes the children, elderly, disabled and unemployed. There is no way we’re paying this off. This can be ignored or addressed.
August 17, 2012 at 2:04 pm

Chris wrote:

@Trustable Gold
…and to add to the precious argument: A large share of the US currency reserves is held in gold (approx. 75%), but the total holdings have a worth of just about US$ 350 billion. US public debt in comparison is above US$ 10 trillion. The gold reserves only amount to about 3% of public debt.
A sale of the reserves would have no significant impact on the public debt of the United States but further undermine trust in the U.S. Dollar.
August 17, 2012 at 1:47 pm

Trustable Gold wrote:

@Karthigeyan
Fortunately or unfortunately the US have another option: They just could print more money and buy their own debt papers, i.e. monetarize debt.
Eventually this could lead to high inflation, but it means that there would be no need to sell gold holdings.
August 8, 2012 at 12:44 pm

Karthigeyan wrote:

@Ysuf Ayaz
If China is to say they are not buying US T. Notes anymore, then wont the US need to liquidate their Gold (which is 70% of their savings?) to pay of their debt? In that case, wont the Gold price rally down? China has invested only 2% into Gold. If the price rallies down, China would keep buying it until it empties US and then it would dominate to increase the prices. Does it make sense?
May 21, 2012 at 3:39 pm

Yusuf Ayaz wrote:

It is not the gold increasing in value, it is the paper money being watered down.
Gold is a unit of measure which does not change, it is our promissory notes (paper money) losing their credibility.
All it takes is China to say “I am not buying US T. notes anymore because I do not believe they can ever pay it back”
Then watch the gold prices taking off…
This scenario would hurt China as well simply because they have enermous amount of US dollars but it would have a devastating effect on US economy…
Just my two cents…
Y.
March 29, 2012 at 5:51 pm

Trustable Gold wrote:

Goldman Sachs released a research note that sets the price targets for gold to USD 1,785 per ounce of gold by end of June 2012, USD1,840 by end of September 2012 and USD 1,940 by the end of year 2012.
Goldman Sachs assumes that “subdued” growth prospects in the United States will likely support the price of gold in 2012 but also sees potential “risks” in case that US economic data should develop better than expected.
In contrast to Goldman Sachs’s view, CPM Group, an independent commodities research and investment banking company, assumes that gold prices will probably not rise above the record levels from 2011 but the price should stay above USD 1,500 per ounce in 2012 and USD 1,400 in 2013 and the following years.
February 27, 2012 at 12:27 pm

Trustable Gold wrote:

Christopher Wyke of Schroder Investment Management expects gold to trade at about $ 2,250 by the end of 2012.
According to Wyke, the bull run might last a further five to eight years, with the price coming near to $5,000.
Source: BusinessReport
January 20, 2012 at 12:53 pm

Trustable Gold wrote:

80% of surveyed executives of global gold mining companies expect the gold price to increase over the coming twelve months.
Source: PWC Gold Price Survey 2012
January 20, 2012 at 12:44 pm

Chris wrote:

The Canadian investor Eric Sprott has predicted a gold price above USD 2,000 in 2012. Based on the problems of MF Global he believes, (option for) physical delivery to become more important for investors.

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2013-01-15T17:46:00.002-08:00

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2013-01-15T17:43:00.000-08:00

What is Currency Trading?

Currency trading can have a couple of meanings. If you want to learn about how to save time and money on currency transfers, visit XE Trade Money Transfers. These articles discuss currency trading as buying and selling currency on the foreign exchange (or "Forex") market with the intent to make money.

How Forex Works

The currency exchange rate is the rate at which one currency can be exchanged for another. It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar). Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or sell a currency pair.
Example of a Forex Trade:

The EUR/USD rate represents the number of US Dollars one Euro can purchase. If you believe that the Euro will increase in value against the US Dollar, you will buy Euros with US Dollars. If the exchange rate rises, you will sell the Euros back, making a profit. Please keep in mind that forex trading involves a high risk of loss.

Why Trade Currencies?

Forex is the world's largest market, with about 3.2 trillion US dollars in daily volume and 24-hour market action. Some key differences between Forex and Equities markets are:

Many firms don't charge commissions – you pay only the bid/ask spreads.
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose. If you have any doubts, it is advisable to seek advice from an independent financial advisor.

how i can get $100/day Easy from ADSENSE ?

2012-05-21T12:44:00.002-07:00

1. Pick a product Keyword

- I use product keywords because you get a higher Earning per click in adsense when you target these types of “buyer keywords”
- Another reason I use them is because it is easy to write a product review
- Eg “car seats for toddlers”

2. Find 2 other related Long tail keyword

- I then try to find 2 other keywords that have my original keyword in it but also have a brand
- Eg. If my keyword was “car seats for toddlers” I would use “evenflo car seats for toddlers”

3. Research Competition and CPC

- I go to the google keyword tool listed here https://adwords.google.com/select/KeywordToolExternal and check out the CPC of all of my keywords
- I try to target only keywords with a CPC of $1 or more
- I put my keyword into google and get the top 10 results
- I take all 10 Urls and put them into yahoo site explorer to see how many backlinks they have
- If out of the top 10 most have more than 100 backlinks I will find new keywords

4. Use a simple and Clean Theme

- I use a very simple and clean theme that has a good Click through rate
- An example of a good theme is here www.carseatsfortoddlers.info

5. Write about 400 words of content on your product

- I write about 400 words of content about each keyword on separate pages
- If your wondering what to write about why not write it in a product review fashion?

6. Build 30 backlinks each week to each page until you are ranked

- I write articles about my products and submit to ezine, do blog commenting, and social bookmark

7. Add Adsense once you are ranked

- I wait until I am ranked to add adsense so I get a higher payout

8. Rinse and Repeat X 30 = 100/day

9. My favorite step – Enjoy the Profits!

Gold Bar Price .

2012-04-13T23:26:00.002-07:00

Gold Bar Price

The gold bar price of course changes daily with the price of gold. Large gold bars are a useful safe haven for storing assets for the long term in economic uncertainty, while the smaller gold bars can be easily bought, stored, transported and sold for the short term.

Types of Gold Bars
There are basically two types of gold bars. Cast and minted.

Cast gold bars are produced by pouring molten gold into molds. These are usually called ingots. They are rough and the markings, such as the foundry or manufacturing mark, gold purity and registration number are pressed into the gold. Although gold is quite dense it is nevertheless quite soft and easy to manage.

Cast gold bars are manufactured by around twenty-seven accredited manufacturers around the world. They produce small cast bars in many gold bar weights including in kilos, grammes (usually 500g or less) and in twenty ounces or less sizes. The smallest cast gold bar known weighs 10 grams and is made in Brazil. More popular cast gold bars are manufactured in Brazil, Europe and Japan, The ounce bars are made in Australia, Europe, UK and the USA.

Minted bars are manufactured from gold that has already been poured into a mound and then drawn out into strips. The gold bullion bars are then stamped out to the required sizes and shapes and the markings, in this case, are applied during the minting process.

Gold coins are produced in the same way incidentally, although more care is applied during the stamping process to produce the finer finish of the coins.

There are four accredited manufacturers of the standard minted bars. These are:

Argor-Heraeus. A subsidiary of Union Bank of Switzerland
Metalor. A subsidiary of Swiss Bank Corporation
Valcambi. A subsidiary of Credit Suisse
Pamp SA

They produce around 35 percent of the worlds minted gold bars. The bank subsidiaries also issue their bars with the bank brand name so are easily recognisable.

Gold Bar Purities
All gold bars have a purity expressed in units per 100, 1000 or 10000. There is a universal trend now for bars to be 99.99%, however, there is still some variation in some countries. For example:

Dubai - 99.9%
Iran - 99.5%
Hong Kong - 99%
Thailand - 96.5%

A new product, called ChipGold, has also entered the market. This is a relatively new form of gold bar, consisting of a small ingot of one to twenty grams presented in a sealed and certified package, about the size of a credit card. Chip Gold is designed to be used as a liquid investment in gold and can be easily stored and transported. The typical weights available include, one through to twenty grams with a purity of .9999 fine gold.

The granddaddy of all gold bars is the larger 400 oz (12.5 kg) ‘London Good Delivery’ bars. These are held by central banks and used by banks, governments and large institutions to store value and to transfer value between banks, They almost always have a purity of 99.5 percent.

Gold Bar Weights
All gold bars are denominated in different units of weight to accommodate the various cultural preferences of different geographical regions:

Grammes. International
Ounces. Mostly English-speaking countries: USA, UK and Australia
Tolas. Mainly India, Pakistan, Middle East, Singapore
Taels. In the main, Chinese-speaking countries: Hong Kong, Taiwan, China
Bahts. Thailand
Chi. Vietnam
Dons. Korea

One troy ounce is equal to 31.1034768 grams. So if gold was 900 dollars an ounce then one gram would be worth about 28.935673 dollars.

Gold is measured in troy ounces as distinct to the more common avoirdupois ounce which is used for food and slightly lighter than a troy ounce. One avoirdupois ounce is equal to 28.349523125 grams.

One tonne = 1000 kilograms = 32,150.746 troy ounces.
One kilogram = 1000 grams = 32.15074656 troy ounces.
One tael = 50 grams. (the official rate of taels in mainland China since the country went metric. In Taiwan and Hong Kong today a tael is equivalent to 37.429g

Gold Bar Prices
Gold bar prices depend of course on the gold price at any given time. As the value of gold increases so the value of the gold bar increases. The premium, how much you pay over spot gold is made up of, the manufacturing costs, the gold bar dealers costs and profit. You also have to take into consideration the shipping and insurance costs. Their may, in some countries or US states, be a tax to take into account also.

You should buy the highest gold bar weight you can afford as you will pay less premium per ounce or kilo that way. As the gold bar price goes up, the premium per ounce decreases also. However, you may want to buy smaller one ounce gold bars if you think you may need to sell some of your gold bars from time to time to cover unexpected expenses. Often the premium for ounce gold bars is not that much higher than for the larger gold bars.

Unless you absolutely have to, I recommend you do not sell gold bars for national fiat currency as the value of fiat currency (paper money) is deteriorating rapidly and, although you might get more fiat currency than you paid for your gold, its value will dwindle from the moment you get it.

Why Buy Gold Bars
Gold bars are a safe haven for asset protection as well as a good future investment. Basically the value of gold does not change with regard to the goods and services you can get with its value. And ounce of gold still purchases the same value of goods and services as it did many years ago. But the amount of fiat currency which the gold value is assessed by does change and, as the economy goes through recessions and inflation, the apparency is that gold is worth more when actually it is the currency which is worth less.

A good reason to buy gold bars and not sell them.

But if you do have to sell some gold, bars are good as they are accepted anywhere in the world.

Where to Buy Gold Bars
You can buy gold bars from gold dealers, mints, foundries even, as well as from private individuals, auctions and the like.

The same basic principles for buying gold apply regardless of whether you buy gold bars in New York, Washington or anywhere on the planet.

Here are some basic principles you can use to ensure you get the best deal and the best gold for your buck.

1. Buy the biggest gold bar or bars you can afford. The bigger the bar the smaller the premium you will pay per ounce. This will reduce the gold bar price per ounce.

2. Pick established or accredited gold dealers and mints.

3. If you are going to take delivery, ensure you understand the cost of shipping and, importantly, insurance. Check with the gold bar dealer to find out the shipping costs and ensure that they provide insurance (which you will be expected to pay) this should be figured in the gold bar price.

4. Do due diligence on the gold bar dealer or person or company you are buying gold from. Who are they? Are they easily contacted? Are they accredited? Do you know friends or associates that have dealt with them before?

5. Lastly it is prudent to have a good understanding of gold and gold bars. How they are produced and in what form. The weights, fineness and all other aspects of gold bars. How much premium will you pay?

Taking some time to understand your gold bar investment will pay off in that you can ensure you get as much gold for you money as possible and that you do not pay a heavy gold bar price while doing it

Unusual Gold Coins

2012-04-13T23:25:00.000-07:00

Unusual Gold Coins

There are some unusual gold coins out there in the market place. These include the Augustus Humbert $50 gold slugs. These were octagonal (eight sided) in shape and a recent example sold for nearly $290,000 US dollars. Well over the few ounces of gold contained therein.

Also known as ‘slugs' these types of coins are also known as facsimiles and are one of the most expensive and elusive coins for collectors. They represented very large gold coins struck in California.

They were meant to be used by miners and the pioneers of the day during the gold rush. A very rough and ready coin as it were. They were originally termed 'ingots' due to their large weight and face value of 50 US dollars but because of their size become known as slugs.

The government withdrew the 50 dollar slugs from circulation around 1954 and they are now quite rare with only around 40 known to exist.

They can cost anywhere from 10,000 dollars up to over 250,000 each depending on which mint, condition and age.

For example the 1915 Panama-Pacific International Exposition 50 dollar commemorative
Gold coin was minted in two versions, the octagonal as mentioned above and the traditional round.

They are among the most unusual coins available albeit for their remarkable history and rarity.

There are many other unusual gold coins available and half the fun is discovering them and the unique history that usually surrounds them.

If you are fortunate enough to ever come across one of these unusual gold coins and can afford the price, they would make a phenomenal addition to your collection not to mention the prestige and you would surely be a very happy individual

Trade and currency and gold: GOLDPRICE

2012-02-26T15:24:00.000-08:00

Trade and currency and gold: GOLDPRICE: GOLDPRICE.ORG provides you with fast loading charts of the current gold price per ounce , gram and kilogram in 27 major currencies. ...

GOLDPRICE

2012-02-26T15:22:00.000-08:00

GOLDPRICE.ORG provides you with fast loading charts of the current gold price per ounce, gram and kilogram in 27 major currencies. We provide you with timely and accurate silver and gold price commentary, gold price history charts for the past 30 days, 60 days, 1, 5, 10 and 30 years and gold futures quotes and charts. You can also find out where to buy gold coins from gold dealers at the best gold prices or compare eBay gold prices and eBay silver prices.

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Gold Price Commentary

How to Buy Gold

Is the Gold Price Targeting $2,036 in this Present Move?
Franklin Sanders
February 24, 2012

Gold Price is Climbing up the December Low and Should Break Above it Tomorrow
Franklin Sanders
February 23, 2012

Gold Price up $12.90 with a new Intraday High of $1,781.54
Franklin Sanders
February 22, 2012

The Gold Price has the Wind in it's Sails Knocking Down Resistance Through $1,750 Can it Close Higher Still Tomorrow?
Franklin Sanders
February 21, 2012

The Gold Price Closed Down 0.1 Percent at $1,724.50
Franklin Sanders
February 20, 2012

The Gold Price is up $1.20 This Week Closing at $1,723.30
Franklin Sanders
February 17, 2012

The Gold Price Closed Today at $1,726.80
Franklin Sanders
February 16, 2012

Gold Price Remains in a Bull Market the Longer it Drags the More Likely it will Resolve Upwards
Franklin Sanders
February 14, 2012

The Gold Price Must Rise Above $1,730 Otherwise it Risks Falling as low as $1,650
Franklin Sanders
February 13, 2012

Gold Price Dropped $15.70 to Close at $1,723.30 from here $1,725 Becomes Resistance not Support
Franklin Sanders
February 10, 2012

The Gold Price Rose $9.70 to $1,739 Gold Must Trade Through $1,750 Tomorrow and Close Above that Mark
Franklin Sanders
February 09, 2012

Gold Price Lost $17.10 Today a Close Below $1,710 Will Drag Gold Further Down
Franklin Sanders
February 08, 2012

Gold Price Has Been on a Short Term Correction for the Last Three Days but Wants to Climb Higher
Franklin Sanders
February 07, 2012

The Gold Price Five Day Chart must not Breach Support Around $1,715 Otherwise $1,675 will be the Next Stop
Franklin Sanders
February 06, 2012

The Gold Price Broke Today After Rising all Week, Will it Wake Up on Monday?
Franklin Sanders
February 03, 2012

The Gold Price Gained $9.70 to Close at $1,756.80
Franklin Sanders
February 02, 2012

The Silver and Gold Price Enjoyed a Profitable Day With Gold Busting Through it's Resistance Closing at $1,747.10
Franklin Sanders
February 01, 2012

The Gold Price Gained $6.80 Pushing Through $1,740 Resistance
Franklin Sanders
January 31, 2012

If the Gold Price Violates Today's Low it Might Fall to $1,680 on the Other Hand it Could Rise to $1,805
Franklin Sanders
January 30, 2012

The Gold Price Correction has Ended, Gold can hit $2,600 this Year
Franklin Sanders
January 27, 2012

The Gold Price Broke out Above it's Downtrend and Traded Above the 200, 150, 50, and 20 Day Moving Averages
Franklin Sanders
January 26, 2012

The Gold Price Shot up to $1,712.85 in One Hour, Next Big Resistance is $1,805
Franklin Sanders
January 25, 2012

The Gold Price Gave Back $13.80 Today This is no More That a Correction Within an Uptrend
Franklin Sanders
January 24, 2012

The Gold Price Reached my $1,680 Target and Should Now Rally to $1,705
Franklin Sanders
January 23, 2012

The Gold Price Utterly Blasted my Expectations Today, Closing Up 2 Percent for the Week at $1,663.70
Franklin Sanders
January 20, 2012

Gold Price Closed at $1,654.10 Does the Five Day Chart Suggest a Slide Back Toward $1,605?
Franklin Sanders
January 19, 2012

The Gold Price Job for Tomorrow is to Move Ahead Toward $1,680 and to Breach That $1,667 Barrier
Franklin Sanders
January 18, 2012

The Gold Price Closed Up $24.80 to Close at $1,655.20
Franklin Sanders
January 17, 2012

The Gold Price Lost $16.90 Today Closing at $1,630.40
Franklin Sanders
January 16, 2012

The Gold Price Has Most Likely Bottomed Working Through Two Resistance Levels up $14.50 for the Week to Close at $1,616.10
Franklin Sanders
January 13, 2012

The Gold Price Rose Another Level up $8.10 on Comex Closing at $1,647.30
Franklin Sanders
January 12, 2012

Gold Price Pierced the $1,630 Resistance and Has $1,680 Firmly in its Sights
Franklin Sanders
January 11, 2012

Gold Price rose $23.50 Smashing Down the Gates at $1,625 Reaching $1,639.65 Closing at $1,631
Franklin Sanders
January 10, 2012

Gold Price Closed Today at $1,607.50 Won't Hang Around Here Long, Tomorrow Ought to Find Gold Higher
Franklin Sanders
January 09, 2012

The Gold Price was Stopped by $1,625 This Week, it Will Charge at this Mark Again Taking Gold to $1,870
Franklin Sanders
January 06, 2012

Gold Price Nearly Hit 200 Day Moving Average ($1,627) a Usual Place to Fall in a Not-Yet-Completed Downward Correction
Franklin Sanders
January 05, 2012

Gold Price Has Climbed Above $1,600 Can it Hold?
Franklin Sanders
January 04, 2012

The Gold Price Met Stout Resistance at $1,605 to Close Today at $1,599.70
Franklin Sanders
January 03, 2012

The Gold Price Rose 9.2% in 2011 Bull Market in Gold and Silver Has Not Ended
Franklin Sanders
December 30, 2011

The Gold Price Closed at $1,539.90 I Would Not Sell Silver or Gold Here
Franklin Sanders
December 29, 2011

The Gold Price Fell After Breaking Support, New Support at $1,535 - $1,500
Franklin Sanders
December 28, 2011

Gold Price Fell Below $1,600, Expect a Move Higher Before the Week Ends
Franklin Sanders
December 27, 2011

The Gold Price May Have Bottomed At $1,562.50 and Will Now Rally
Franklin Sanders
December 22, 2011

Gold Price Buy Signal Will Be a Slight Rise After Correcting Near $1,562.50, Will it Hold?
Franklin Sanders
December 21, 2011

The Gold Price and Silver Price had a Field Day, Gold up 1.3 Percent
Franklin Sanders
December 20, 2011

With the Gold Price this Low it's Your Opportunity to Buy One Last Time at Bargain Basement Prices
Franklin Sanders
December 19, 2011

Gold Price Rose $21 Today, Lost 6.8% This Week, Silver and Gold Remain in a Primary Uptrend With 3 to 10 Years to Run
Franklin Sanders
December 16, 2011

The Gold Price Close Down 0.6% to Close at $1,574.60
Franklin Sanders
December 15, 2011

The Gold Price Took a Beating Today, Down 4.6%, Gold and Silver Remain in a Bull Market
Franklin Sanders
December 14, 2011

Gold Price Closed at $1,727.90, I'm Waiting a Day or Two to Take Advantage of Lower Prices
Franklin Sanders
December 13, 2011

Gold Price Dropped Through the 150 Day Moving Average, Will it Drop Farther?
Franklin Sanders
December 12, 2011

Gold Price Lost 2% This Week Closing at $1,712.80
Franklin Sanders
December 09, 2011

The Silver and Gold Price Dropped, I Bought Silver and Gold Today
Franklin Sanders
December 08, 2011

Gold Price Rose $13 Today to $1,740.90 While Silver Fell 11.7c
Franklin Sanders
December 07, 2011

Gold Price Near the Trendlines is a Good Time to Buy
Franklin Sanders
December 06, 2011

The Gold Price Closed 0.9% Lower, Will The Supports Continue to Hold?
Franklin Sanders
December 05, 2011

Gold Price Rose 3% This Week, it Must Pierce $1,750
Franklin Sanders
December 02, 2011

Gold Price Closed Today at 1,735.30, Down -0.6%
Franklin Sanders
December 01, 2011

The Gold Price Jumped 32.10 Today, Can It Break Through It's $1,800 Resistance?
Franklin Sanders
November 30, 2011

Gold Rose Today Closing at $1,713.40, Silver Fell 30.8c
Franklin Sanders
November 29, 2011

The Gold Price Close Higher 1.5% Today Closing at 1,710.80
Franklin Sanders
November 28, 2011

The Gold Price Closed Down 2.3% This Week
Franklin Sanders
November 25, 2011

The Gold Price Closed Down 0.4% Today To Close At $1,695.70
Franklin Sanders
November 24, 2011

Gold Price Bull Market Continues, Use This Correction To Buy More Gold Cheap
Franklin Sanders
November 23, 2011

Silver and Gold Price Are In a Routine Correction In a Bull Market, Keep Averaging Down
Franklin Sanders
November 22, 2011

Gold Price Dropped Today, I'm Buying At Each Support Level Not Missing The Low
Franklin Sanders
November 21, 2011

Whatever Gold Price Downside Risk Remains Here Is Peanuts Compared to the Triple of Quadruple Upside
Franklin Sanders
November 18, 2011

Gold Price Dropped $54 Today 3% Closing at $1,719.80, Bull Market Has Years To Run
Franklin Sanders
November 17, 2011

The Gold Price Closed at $1,773.80 Today Down 0.4%
Franklin Sanders
November 16, 2011

If Gold Price Closes Over $1,800 Two Days Running, Don't Wait Buy Fistfuls
Franklin Sanders
November 15, 2011

The Gold Price Remains in an Uptrend Closing at $1,777.80
Franklin Sanders
November 14, 2011

The Gold Price Rose Again, Remember If Gold Closes Above $1,800 For Two Days Don't Wait Just Buy
Franklin Sanders
November 11, 2011

The Gold Price "Must Hold" Support Is Now $1,740
Franklin Sanders
November 10, 2011

The Gold Price Met My Target Yesterday With a High of $1,802.73
Franklin Sanders
November 9, 2011

The Gold Price Closed Today at 1,798.40 Up 0.5%
Franklin Sanders
November 8, 2011

Gold Price Close Today 1,790.30 Up 2.0%
Franklin Sanders
November 7, 2011

Gold Price Close At 1,755.30 Up 0.5% For The Week
Franklin Sanders
November 4, 2011

The Gold Price Today Traded To $1,767.27, and Closed Up $35.50 Near The Top At $1,764.20
Franklin Sanders
November 3, 2011

Gold Price Closed at $1,728.70 up 1.0%
Franklin Sanders
November 2, 2011

Gold Price Closed at $1,711 down 0.8%
Franklin Sanders
November 1, 2011

Gold Price Dropped As Dollar Rallies, Bull Market Is Alive and Well, Just Undergoing a Correction
Franklin Sanders
October 31, 2011

The Gold Price Rose $134.80 (8.3%) Over Five Straight Days, How High Will It Go?
Franklin Sanders
October 27, 2011

The Gold Price Closed Up 1.4% Silver and Gold Will Keep Moving Higher Tomorrow
Franklin Sanders
October 26, 2011

The Gold Price Leapt Straight Up to $1,705, Next Resistance at $1,725, $1,750 Then The Big Heart Stopper $1,800
Franklin Sanders
October 25, 2011

Will We See a Higher Gold Price For The Next Few Days? Comex Closed Today at $1,651.50
Franklin Sanders
October 24, 2011

The Silver and Gold Price Remain in a Bull Market, and Will Until Some Monetary Crisis Finally Brings Down The Fiat Money and Banking System
Franklin Sanders
October 21, 2011

The Gold Price Broke Down Nearly Touching The 150 Day Moving Average Closing at $1,611.90
Franklin Sanders
October 20, 2011

Gold Price Closed at $1,646 down 0.3%
Franklin Sanders
October 19, 2011

The Gold Price Fell Down Out of a Flat Topped Rising Triangle Today, Did the Gold Price Turn Down?
Franklin Sanders
October 18, 2011

The Gold Price Has Formed a Rising Flat Top Triangle, Those Usually Break Out Upside
Franklin Sanders
October 17, 2011

The Gold Price, Silver Price and Stocks All Rose While The Dollar Dropped. Gold Price Closed Today at 1,685.10
Franklin Sanders
October 14, 2011

Gold Price Moving Average Convergence Divergence (MACD) Is Calling For Higher Prices, Comex Closed at $1,667.30
Franklin Sanders
October 13, 2011

The Gold Price Closed Up at $1,681.30 Must Hold Above $1,655
Franklin Sanders
October 12, 2011

The Silver and Gold Price Bull Market Has Not Near Ended, Lots More Time and Upside Left
Franklin Sanders
October 11, 2011

If The Gold Price Passes Above $1,675 It Might Rally To $1,725
Franklin Sanders
October 10, 2011

Gold Price Reached a High of 1,663.64 Today, then Fell Back
Franklin Sanders
October 7, 2011

Silver and Gold Prices Remain in a Correction in an On-going Primary Uptrend (Bull Market)
Franklin Sanders
October 6, 2011

Silver and Gold Prices are Much More Attractively Priced Now than Two Weeks Ago, So if You Want to Buy, Go Ahead
Franklin Sanders
October 5, 2011

Be Patient, Keep Watching for Your Opportunity to Buy More Silver and Gold
Franklin Sanders
October 4, 2011

Maybe the Gold Price is Bracing Up to Run to $1,725, but "to" that Mark Without "thru" that Mark Proves Nothing
Franklin Sanders
October 3, 2011

A Breach $1725 or $1540 Will Speed the Gold Price Along in the Direction of the Breakout
Franklin Sanders
September 30, 2011

Unless the Gold Price Batters Through that $1,620 Ceiling and the Silver Price Through 3100c, Lower Prices Lay in Store
Franklin Sanders
September 29, 2011

For Now Silver and Gold Prices Remain in a Down Trend
Franklin Sanders
September 28, 2011

From whatever Low Silver and Gold Prices Eventually Make, they Will Rocket Back to Double, Triple, or Quadruple that Low
Franklin Sanders
September 27, 2011

Rare Opportunity to Buy Silver and Gold at Fire-Sale Rates
Franklin Sanders
September 26, 2011

Be Calm, Hold Your Silver and Gold Positions
Franklin Sanders
September 23, 2011

Gold Price Lost $174.60 or -10.7% and the Silver Price Lost $10.73 or -35.7% This Week
Franklin Sanders
September 23, 2011

Watch that $1,770 Gold Price Support - If that Breaks, Look for $1,705 Next
Franklin Sanders
September 21, 2011

Must-hold Gold Price Support Remains $1,765 Critical Resistance Above is $1,825
Franklin Sanders
September 20, 2011

Gold Price Closed Today at 1,776.40 Down -35.70 or -2.0%
Franklin Sanders
September 19, 2011

Gold Price Closed Today at 1,812.10
Franklin Sanders
September 16, 2011

Gold Price Closed Today at $1,826.80 up $16.90 or 0.9%
Franklin Sanders
September 13, 2011

The Gold Price Closed at 1809.90 Down 46.50 or 2.6%
Franklin Sanders
September 12, 2011

Gold Price Close Today at 1,856.40 Silver Price Closed Today at $41.57
Franklin Sanders
September 9, 2011

Gold and Silver Prices Today Proved that You'd Better Not Turn Your Back on Them or Short Them
Franklin Sanders
September 8, 2011

If the Gold Price Closes Below $1,792.50, it Will Drop Much Lower
Franklin Sanders
September 7, 2011

Long as the Gold Price Holds $1840 its Mind is Still Set on Higher Things
Franklin Sanders
September 6, 2011

Gold Price Closed Today at $1873.70
Franklin Sanders
September 2, 2011

Gold and Silver Prices Will Reach New Highs in September
Franklin Sanders
September 1, 2011

Markets will Probably Move Sideways Until After Monday - Then Silver and Gold Prices Could Really Jump
Franklin Sanders
August 31, 2011

While We Have Our Eye's on One Dollar Moves, Silver is Planning to Triple, Gold to Double and More
Franklin Sanders
August 30, 2011

Strong Pockets are Ready to Buy Gold Anywhere Under $1,750
Franklin Sanders
August 29, 2011

Both Silver and Gold Prices Will Rally Further
Franklin Sanders
August 26, 2011

Gold Price Closed Today at $1759.80
Franklin Sanders
August 25, 2011

Silver and Gold Prices are Correcting, but will Come Back
Franklin Sanders
August 24, 2011

The Gold Price Could Just as Well Rise Tomorrow as Fall - Better Brace for a Rough Ride, Though
Franklin Sanders
August 23, 2011

Gold Price Hits $1900
Franklin Sanders
August 22, 2011

Gold and Silver Backwardation

Gold and Silver Options Expiry

Gold Silver Ratio

Peak Gold

Allocated Gold or Unallocated Gold – That is the Question

Where to Buy Gold

Investing in Gold

Is the Gold ETF GLD Right For You?

Why Gold

Spot Gold Price

Storing Bullion Internationally

How to Buy Gold and Silver on the Comex

Australian Gold Superannuation

Gold Bullion Investments: Which to Buy, Gold Coins or Gold Bars?

Bullion Coins

Gold

Gold Money - Buy Gold Online

Investing in Gold Bullion

Perth Mint Certificate Program

Should I Invest in Gold Funds?

Gold IRA

Gold Markets

London Gold Prices

Gold Coins and Bars - Part 1

Gold Coins and Bars - Part 2

Gold Coins and Bars - Part 3

Buy Gold Bars Online

The Price of Gold Today

Bars of Gold

All About Gold

How to Buy Gold Bullion

Buying Gold

Should I buy gold?

How to Buy Gold Coins

When is the best time to buy gold?

The Gold Price

How do you Buy Gold

What is a Gold Bar

Gold Bars For Sale

Buy Bars of Gold

Gold Coins First Strike

Gold Coin Grading

Gold Bars to Buy

Swiss Gold Bars

Australian Gold Nuggets

Buy Gold Nuggets

Gold Bars

Buy Gold Bars

Buy Gold Coins

Buy Gold Stock

Gold Biscuits

Gold Ingots

Buy Gold Bullion

Buy Gold Bullion Online

Buy Gold Coins Online

What gold to buy

How to buy gold

Buy Gold and Silver

Buy Gold and Silver Coins

Buying Gold Coins for Beginners

Where to Buy Gold Coins

How to Buy Gold Cheaply

Antique Gold Coins

Tax Free Gold

Gold ETF

Gold ETFs or Gold Coins?

Canadian Maple Leaf Gold Coin

American Eagle Gold Coins

Gold Eagle

Investing in Gold Coins and Gold Bullion

What are Gold Sovereigns?

What are Krugerrands?

Which Gold Coins are Best?

Should you Buy Gold Online?

When is the Best Time to Sell Gold?

Scrap Gold Price

Selling Scrap Gold

Sell Gold

Sell Gold Coins

Sell Gold Coins Online

Sell Gold and Silver

Sell Gold Bullion

When to Sell Gold

What's my Gold Coins Worth?

Where to sell gold coins

How Secure are Gold Coins?

Buying Gold for the First Time?

Why does the Price of Gold Change?

How much is Gold?

How much are Gold Coins?

Gold Future

Gold Value

Gold Vs Silver

Why buy gold?

Which gold to buy?

Collecting Gold Coins

Buy Gold in Australia

Buy Gold in USA

Buy Gold in India

Buy Gold in Canada

Gold Eagle

How to Buy American Gold Eagle Coins

Four Reasons to Buy Gold Bullion Coins

Gold Coin Prices

Gold & Silver Coin Prices

Buy Gold in Australia

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eToro Review

2012-01-17T07:11:00.000-08:00

eToro’s foreign currency exchange platform was designed to be user-friendly and helpful to beginning traders, and assumes that new users have no experience in forex trading. However, the tools are robust enough to be used by professional traders and has been built to trade in all major currencies in the international market.
Based in Cyprus, the eToro company is led by a group of finance professionals, software developers, and marketing experts. eToro’s platform is a Webtrader (non-downloadable platform) that offers both a practice area and an actual, live trading arena. Besides forex, eToro also allows trading in Gold & Silver, Oil & CFDs.

Once a trader registers for eToro, the trading area is displayed as a simple, visual set of tools that allows the user to concentrate on strategy rather than the mechanics of forex trading. A user can spend unlimited time in practice before performing an actual trade. There are a variety of ways to fund a live trading account – an immediate deposit by credit card, PayPal, or Neteller, or payment methods such as wire transfer, Western Union, or MoneyGram that take a few days to fund. A new account can be funded with a minimum of $50, and there are many special promotions and bonuses for new accounts.
There are no account levels; all traders have access to the same tading levels. Traders receive access to electronic content, real time information about the exchange rate of currencies, and the platform’s tools for executing transactions in the internet foreign exchange market. eToro also offers weekly practice trading chamionships among members, with cash prizes for the winners.
Support tools for traders include online chat, guided tutorials, a glossary, trading e-guide, live training over the phone. Accountholders also have access to economic info, market analysis, charts, live trader forums, and technical analysis. The customer service line is a 24-hour operation and support is offered in English, German, Arabic, Russian, Chinese, Spanish, French, and Italian. eToro offers Islamic account terms.
eToro has just launched the Social trading network eToro openbook – including the groundbreaking CopyTrader feature. It is a one of a kind social trading network that transforms the way people trade and invest online. From now on any trader can See, Follow and Copy the trading strategy of the most successful eToro traders. This feature is unique to eToro and not available with any other forex broker. ( You can find more explanation on how eToro CopyTrader works here)

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“I have been trading forex on etoro for about 2 months now and it is an amazing platform. This tool is meant for people who want to get into forex. I started with practice account and only after a long time started to trade with real money.”
portion of user review on Techcrunch.com“

…Good for beginners. It is in the form of a forex game. It puts the fun back into trading.”
portion of user review on ForexPeaceArmy.com

“…Also, it works unceasingly, and it runs expeditiously fast. This eToro is very great! Excellent. We all liked it. It’s pleasant, fast and exact…”
portion of user review on forexfinder.net

Our Reasearch on eToro:
Likes:
Simple user interface: eToro’s simple interface and user-friendly graphics make it easy for beginners to understand basic Forex concepts and begin trading.
eToro Openbook & CopyTrader : eToro Openbook & CopyTrader are revolutionary systems. Openbook can also be considered a facebook for forex traders while CopyTrader has changed the way people trade, by enabling them to build real people-based portfolio.
Attractive 1st deposite Bonuses: eToro offers very attractive 1st deposite bonuses upto $10,000 for new accounts.
A variety of support tools: eToro provides tutorials, online help, and phone support to members.
eToro demo account to practice trading: Beginners can use the practice trading function and “play money” to learn Forex concepts; there is no limit to the amount of practice one can employ.
Low account minimum & Low spreads: Users can begin trading with as little as $50 in an account; there are no defined account levels with extra features. Spreads as low as 2 pips.
Dislikes:
Cartoon-like interface: The simplicity of the interface “dumbs down” forex trading and makes the process seem cartoonlike rather than reflecting the complexity of trading.
Bottom Line:
Overall, this looks like a good tool for beginners and those who wish to gain trading practice, but at same time if you are experienced trader it do offer tools and expert mode trading options.
eToro has also received a World Finance Award for the most innovative trading platform in 2010.

Forex Android Apps: High Tech Trading

2011-11-15T05:25:00.000-08:00

Forex android trading is about as high tech as it gets; while smart phones and mobile tablet devices may not boast quite the range and efficacy of features that are available to home traders, being able to monitor the market and make trades from a speeding train or restaurant is undeniably impressive. However no Forex android device is complete without the apps to go with it, let’s consider some of the ways that these apps can be utilized.
The most fundamental thing a trader can do with a Forex android device is keep track of market developments while on the move. In addition to tracking hundreds of currency pairs and exchange rates many modern devices are tuned into market news feeds so users can check out the forces behind market fluctuations.
The other thing a busy trader needs to do is trade! Admittedly Forex android trading is quite limited in many respects however it’s certainly possible to maintain a healthy trading career with a mobile device alone (as long as you can do without the fancy bells and whistles).
Some apps are dedicated to giving you a clear picture of the macroeconomic factors at play in the markets. For example there are apps that stream the latest info about the US economy such as inflation rates, national dept, stock indices, etc. These are intended to give your trades a strategic depth beyond historical figures.
Speaking of historical figures there are apps for that too! Many traders appreciate being able to reference historical precedents in order to make their trades more profitable and there are apps that make referencing and comparing such figures a breeze.
Finally a lot of Forex Android apps offer general tools for travelling businessmen such as quick currency convertors, world clocks, GPS and much more. Mobile trading is all about liberating the trader; why not give it a go?

Forex Autotrading: Time Saved is Time Earned

2011-11-15T05:21:00.000-08:00

Forex autotrading allows trader to manage their Forex careers in far less time than was previously possible. Not only does has this provided dedicated traders with a lot more time to study, network and plot their trades, it has also swung open the doors of Forex trading to previously inaccessible demographics.

Nowadays professionals with busy work and personal lives can easily manage their Forex trades without having to dedicate a lot of time to the process. As a result Forex autotrading has drastically increased the productivity of traders as well as the number of people trading.

Forex autotrading was not the only factor that spurred this growth. Of equal significance has been the gradual uptake of Internet connected computers in households across the world as well as the development of extremely simple and effective trading applications such as Metatrader 4.

It’s also a lot easier to find a broker and open an account nowadays. Have a look online and you’re sure to find countless online brokers offering live/demo accounts as well as useful software and Forex training. In addition these brokers are likely to offer introducing broker programs as well. Take your time when looking for a broker however, not all of them are quite what they seem and scams are not unheard of.

How exactly does Forex autotrading work?

Most major trading applications offer Forex autotrading as standard. The trader simply has to configure the application to buy/sell the desired currency or asset when the specified market conditions emerge. This way a trader can never lose money as a result of not being available to place trades individually. It also means they never miss an opportunity if the conditions they specify are effective.

Where can I get more information about Forex autotrading?

Contact a good Forex broker to get more information!

MT4 Education Videos: What they Show You

2011-11-15T05:19:00.000-08:00

MT4 education videos are a great way to get to grips with the best trading application in the business. A good workman never blames his tools and you certainly will have nothing to complain about when it comes to Metatrader 4. Metatrader 4 is the industry leader for functionality, depth and range of features, market uptake as well as accessibility and ease of customization. Of course at first glance Metatrader’s more advanced features might be difficult to figure out, that means that MT4 education videos are a must.

What sophisticated features do MT4 education videos explain?

MT4 education videos will first explain how the latest Forex data is streamed to the application and how you can keep close track of market figures and statistics. It’s also important that a trader learns how to assess the wisdom of trades and how to place orders with their broker.

Sophisticated features like autotrading are difficult to get to grips with without guidance. Autotrading involves setting up parameters for automatic trades in response to predictable market phenomena. The videos will show you how to configure Metatrader to make these automatic trades as well as a little bit of information about the unique dynamics of autotrading in comparison to traditional trading.

It’s important to get a good handle on autotrading as it is gradually becoming the industry norm for day to day trades. Not only does automated trading significantly reduce the amount of time necessary to manage an account, it also encourages traders to think outside the box and search for repeated patterns in the market.

The best source for Forex training videos is a dedicated forex broker. Most Forex brokers are more than happy to set up curious, would-be traders with Metatrader demo accounts and videos to guide them on their way. If you think Forex trading might be for you, you should contact a Forex broker today.

Global Currency and Gold

2011-10-10T05:42:00.000-07:00

By Mike Hewitt and Dr. Krassimir Petrov

1. Introduction

In this essay we attempt to estimate global money supply and relate it to global supply of gold. For the global money supply, we use money supply figures for currency in circulation from 86 selected currencies, from 81 independent countries and five monetary unions. For the global supply of gold, we use data from the World Gold Council (WGC). Finally, we attempt to interpret the price of gold as a relationship between global money supply and global gold supply.

2. Data Description

For money supply, we consider five monetary unions and 81 sovereign (independent) currencies. Here is a quick survey of those unions. The first monetary union is the European Monetary Union (EMU), commonly known as the Eurozone, and using the Euro as a common currency. It includes 16 Western European countries, such as Germany, France, Belgium, and Austria. The second currency union is the East Caribbean Currency Union, which uses the East Caribbean Dollar, and includes members like Antigua and Barbuda. The third union is the West African Monetary Union (UEOMA), using the West African Franc, and includes members like Benin and Burkina Faso. The fourth union is the Central African Monetary Union, technically known as CEMAC, which uses the central African Franc, and includes members like Cameroon, Chad, and Congo. The fifth union is technically known as the IEOM, uses the French Pacific Franc, and includes members like French Polynesia and New Caledonia.
Table 1 below, Currency Unions, provides the details for each currency union, such as its popular and technical name, its currency name, currency code, and member countries.

Table 1. Currency Unions

The five currency unions and 81 independent currencies cover a total of 122 countries that make up 98.4% of the world's GDP and 86.1% of the world's population. Figure 1 below visualizes the coverage. Areas with grey color on the map represent countries without available data. Areas with blue, red, and orange color represent the three most important economic unions, respectively the European, the West African, and the Central African Unions.

Figure 1. Countries Included in the Analysis

Reliable money supply data could not be found for all countries. The five largest economies for which data was unavailable were: Morocco, Vietnam, Angola, Sudan, and Cuba. These countries comprise 0.6% of world GDP and 2.8% of world population. Their relatively insignificant share of the global economy makes us believe that their exclusion from our analysis would not materially affect our results and our conclusions.
Myanmar (Burma) requires a special note. Cross-country money supply comparisons rank Myanmar very high. This apparent paradox arises from the discrepancy between the overvalued official exchange rate and the more realistic "black market" exchange rate. For the local currency, the 2005 money supply is reported at 1.83 trillion kyat (MMK). The official exchange rate (6.7147 MMK to 1 USD) makes this the fifth most valuable currency in the world with a value of US$273 billion. The unofficial black market exchange rate (1300 MMK to 1 USD) provides a value of only US$1.4 billion. In our opinion, the official rate overvalues the currency roughly 200 times and introduces an obvious bias in the data, so Myanmar money supply was not included.

3. Monetary Aggregates

The Bank of International Settlements (BIS) provides a link on their website that lists central banks for different countries. The following charts and tables use money supply data from these official websites, whereby each link identifies the economic area.
Unfortunately, there is no unified methodology for calculating different monetary aggregates. This presents analytical problems as different countries use different definitions of money supply. Different definitions, in turn, require different methodologies for calculating different monetary aggregates, which immensely complicates cross-country comparisons. Unfortunately, we are not aware of any widely accepted solution to this particular problem.
Quite commonly, money is conceptually defined across a continuum from narrow money to broad money. Narrow money typically includes highly liquid forms of money that function as a medium of exchange, while broad money additionally includes other less liquid forms of money that function as a store of value. Monetary aggregates are conventionally denoted in ascending order by M0, M1, M2, M3, etc. Smaller aggregates like M0 and M1 correspond conceptually to narrow money supply, while larger aggregates like M2 and M3 correspond to broad money supply. We should note that in the heady days of monetarism, economists have further elaborated those aggregates and have devised M4, M5, M6, etc.
Most generally and most commonly, but not necessarily uniformly, M0 refers to outstanding currency (banknotes and coins) in circulation, but excludes cash reserves. M1 includes M0, demand deposits, and cash reserves. M2 includes M1 and savings deposits, conventionally maturing within two years or redeemable at notice within three months. M3 includes M2, repurchase agreements, money market funds, and debt securities maturing within two years.
Additionally, not every country publishes all four of the common monetary aggregates. For example, the U.S. Federal Reserve ceased publishing M3 on May 23, 2006. However, various independent sources have successfully reconstructed the M3 series and have continued to publish it.
For our analysis, we concentrated exclusively on the narrowest measure of money supply, M0. Conceptually, it corresponds best to the monetary interpretation of gold. We expect it to relate well to the value of gold, although further studies may be necessary to analyze the relationship of gold to higher aggregates, such as M1, M2, and M3.

4. Global Currency Comparisons

The following pie charts in Figure 2 below show the relative value of global currencies (M0) when converted to USD for means of comparison.

Figure 2. Global Narrow Money Supply

The left-hand side of the figure shows that the four largest currencies in circulation comprise nearly three-quarters of the global narrow money supply. Not surprisingly, those currencies are the Euro, the U.S. Dollar, the Japanese Yen, and the Chinese Yuan. The right-hand side zooms in on the "other" 79 currencies of the left-hand side that were simply too small to see when shown together with the big currencies. We show the next thirteen most important currencies that comprise more than half of the "other" category. It is clear from the picture that those thirteen currencies are relatively small compared to the big currencies. Nevertheless, it illustrates well their portion of the global money supply.
Next, we consider narrow money supply growth rates. For the whole dataset, the average growth rate of M0 is 8.2%. Table 2 below shows the twelve currencies with the fastest annual growth rates of M0, shown in the middle column highlighted in yellow:

Table 2: Fastest Growing Currencies in Relative Terms

*The Reserve Bank of Zimbabwe ceased publishing any statistics after June 2008 at which point 1 USD equalled 40.9 billion Zimbabwe Dollars.

It is clear from the table above that while their growth rates are relatively high, the value of these currencies are relatively small in absolute terms.
On the other hand, when converted to U.S. Dollars as of Oct 31, 2008, the fastest growing currencies in absolute terms are shown in Table 3 below.

Table 3: Fastest Growing Currencies in Absolute Terms

From the comparison of the two tables above, it is quite obvious that the rapidly inflating currencies are too small to significantly affect global money supply growth rates. From the second table it is clear that the "big" currencies contribute the bulk of increases in the global money supply. From this particular analysis we can conclude that a sample of the largest 10-15 currencies in the world can provide a meaningful analysis of the growth rate of global money supply.

5. Money Supply vs. Gold Supply

It is estimated by the WGC that a total of 165,547 tonnes of gold have been mined. This is equivalent to about 5.32 billion ounces. Most of that gold is currently available as supply at some price, possibly much higher than the current market price. Given that the total gold supply is relatively stable and that very little gold is consumed in industrial processes, the annual increase in the supply of gold from current mining is relatively stable -- about 1.5%.
Figure 3 below shows the calculation of the value of all gold ever mined. The top left graph in the figure shows the price of gold for the period of 1970-2008. The top right graph in the figure shows the quantity of all gold mined for the same period. Finally, the bottom graph in the figure shows the product of the price with the quantity, which represents the value of all gold ever mined.
The October 31, 2008 closing spot price for one troy ounce of gold was US$806.62. Multiplied by the corresponding quantity, the total value of all gold ever mined was US$4.3 trillion. This is just slightly more than the US$4.03 trillion global M0 money supply from Figure 2 above.1

Figure 3. Global Value of Gold

Figure 4 below shows a historical comparison for the value of mined gold against that of currency in circulation. This chart essentially overlays our previous data on global money supply with the data on the value of gold. It provides the basis for our valuation of gold.

Figure 4. Global Money Supply vs. Global Value of Gold

6. Gold Valuation

The period from 1945 to 1971 is widely known as the "Bretton Woods" era. The chief aim of the Bretton Woods Agreements was to establish the rules for commercial and financial relations among the world's major industrial countries. The policy required that each country maintained the exchange rate of its currency within a fixed value--plus or minus one percent - to the U.S. Dollar, which in turn would be convertible to gold at the rate of US$35/oz for foreign governments.2 The system collapsed when President Nixon took the U.S. Dollar off the gold standard on August 15, 1971 in response to growing demands from foreign governments to exchange their paper dollars for U.S. Treasury gold. At that time there was some speculation by professional economists and Wall Street that the price of gold would collapse as the U.S. Dollar 'would no longer hold it up'. In reality, just the opposite occurred - not only did gold not collapse, but instead it began a multi-year bull market, reaching an intraday peak of US$873 a troy ounce on January 21, 1980.3
Our analysis essentially begins with the collapse of Bretton Woods. The first major observation is that during the 1970s, gold advanced much farther than money supply. There are two fundamentally different explanations for this phenomenon. The first explanation, espoused by neoclassical economists, is that gold is inherently more volatile and more unstable than paper currencies. The other explanation, espoused by the School of Austrian Economics, holds the opposite to be true and that price swings in gold reflect the discounted value of expected future inflation. In other words, Austrian economists contend that the monetary policy associated with paper currencies is inherently unstable, and this instability of paper currencies is magnified when discounted to the current price of gold; this discounting mechanism generates the apparent excessive volatility of gold.
The second fundamental observation is that during the 1970s, gold rose at significantly faster rates than money supply. Neoclassical economists explain this with the inherently volatile nature of gold. However, volatility simply cannot explain this 10-year trend. Volatility relates to variability in prices around the trend, not to the direction of the trend. Neoclassical economists have no meaningful explanation here, except to resort to volatility of gold and irrational behaviour of gold "bugs". On the other hand, the explanation by Austrian economists is straightforward and logical: as inflation accelerated throughout the 1970s, the discounting mechanism of the gold market resulted in accelerating price of gold from the rising inflationary expectations.
The third fundamental observation is that there is a possibility for a long-term divergence between the value/price of gold and global money supply. This divergence is obvious for the period of 1980-2000. The neoclassical school has not offered a satisfactory explanation for this phenomenon except to point out disparagingly that gold is a "barbarous relic", "irrelevant" or "dead". The Austrian explanation, however, is again quite straightforward: the period was generally characterized by disinflation, so the discounting mechanism produced lower gold prices due to the falling inflationary expectations that more than offset increases in money supply.

7. Conclusion

This analysis leads us to speculate that while divergences caused by inflationary expectations can last for a very long time, even decades, the long-term price of gold is driven by global money supply.
Notes-->

Notes

1 As an interesting aside, one may note that the present U.S. debt of US$10.5 trillion easily exceeds the value of ALL circulating currencies in the world PLUS the value of all gold ever mined! A naive person may wonder just exactly how the American government ever intends to pay this debt off...

2 It was illegal for Americans to own gold for investment purposes since President Roosevelt signed Executive Order 6102 on April 5, 1933. It wasn't until Dec 31, 1974 when Americans could own once again own gold coins, bars and certificates.

3 In nominal terms, gold did not surpass this level until Jan 8, 2008 - nearly some 28 years later.

Published originally on DollarDaze.org - Jan 27, 2009.

ABOUT THE AUTHORS

	Mike Hewitt is the editor of DollarDaze.org, a website pertaining to commentary on the instability of the global fiat monetary system and investment strategies on mining companies. His website also provides a no-cost market data feed service with up-to-date quotes on currency exchange rates, commodity prices and major indices. Mike can be emailed at mikehewitt@hotmail.com.
	Dr. Krassimir Petrov received his Ph. D. in economics from the Ohio State University and currently teaches Macroeconomics, International Finance, and Econometrics at the Prince Sultan University located in Riyadh, Saudi Arabia. He is a frequent contributer to www.FinancialSense.com, and a collection of his writings may be found here.

Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and I encourage you to complete your own due diligence when making an investment decision.

currency, oil, gold briefly

2011-08-11T12:00:00.001-07:00

Week was bad for the euro may be even worse next week if you do not allow the Greek parliament a package of measures to stress. Have led to concerns about Greece fall of the euro against the dollar for three consecutive sessions, pushing the single currency fell by 0.9% for the week and by 1.6% during the month. Euro closed at 1.4220 dollars, and closed at 114.12 Japanese yen.
· Turn the pound sterling on Friday towards the losses against the dollar for the third day in a row, have expectations about cash incentives to encourage dealers to lift the centers of the bullish trend as all the bounce attract more sellers. Pound closed at 1.6015 dollars, the euro has closed at 0.8875 pounds.
· Canadian dollar fell on Friday to its lowest level in more than a week against the U.S. dollar continued its losses, which began in the middle of the week following the aggravated concerns about the debt problems of the euro area.
· Brent crude prices fell on Friday during intermittent dealings with the European debt problems led to the revival of the dollar index and oil continued to decline for the next day after it announced the consuming countries use strategic reserves.
· Price of gold fell sharply on Friday for the second straight session and reached its lowest level in a month, where concerns have led Greece to the rise of the dollar and pressure on the stock markets and commodities. gold closed at 1514.50 dollars

Forex Trading Benefits

2011-08-10T20:10:00.000-07:00

Forex Trading Benefits

Advantages of Trading with FXCM

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FXCM's No Dealing Desk Forex Execution aims to provide transparent and fair execution. Every trade is executed back to back with one of multiple liquidity providers,§ which compete to provide FXCM with bid and ask prices. The best spreads available to FXCM are streamed to you with a small markup, which is generally one pip for major currency pairs.

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Euro/U.S. dollar spread is frequently 2.6 pips, British pound/dollar 3 pips
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Liquidity providers do not see your stops, limits, and entry orders
Competition reduces the potential for market manipulation by price providers

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Trade during breaking news
Place entry orders anywhere—even inside the spread
Scalp the market
Rollover transparency—all amounts are displayed in advance
Receive positive rolls at all margin levels

Facts about FXCM, Inc. (“FXCM”)

Due to the average notional trading volume that FXCM generates, FXCM has obtained close relationships with some of the most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two liquidity providers may post wide spreads, or simply avoid quoting any price at all. With multiple liquidity providers quoting prices to FXCM, there are competitive spreads, even during market-moving news events.
FXCM does not take a market position—eliminating a major conflict of interest. A dealing desk broker, which acts as a market maker, may be trading against your position. However, with our No Dealing Desk Forex execution, we fill your orders from the best prices available to us from the liquidity providers. These prices include our mark-up, which may vary based on account type and liquidity provider. While an individual liquidity provider may try to skew its prices off the market, the unattractive price on the bid or ask side will lose the price competition and as a result, not factor into the prices streamed to you. At FXCM, prices are not subject to manipulation by a broker or a liquidity providers dealing desk.
While our competitors are beginning to follow our example of offering No Dealing Desk Forex execution, we have successfully implemented it. Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to execute trades. Our trading platform is tested in all market conditions.
FXCM aims to provide clients with the best pricing available and to get all orders filled at the requested rate. However, there are times when, due to an increase in volatility or volume, orders may be subject to slippage. Read more

Trade and currency and gold

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2013 Gold Price Forecast: Expect Gold to Deliver Another Record-Setting Year

2013 Gold Price Forecast: Expect Gold to Deliver Another Record-Setting Year

Gold 2013 – What is the trend for the gold price in 2013 and beyond

Gold 2013 – What is the trend for the gold price in 2013 and beyond?

Review of Gold in 2012

Drivers of the gold price

Scenarios for 2013 and the gold price trend

Gold price forecasts 2013

Outlook on Gold 2013 and beyond

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21 Comments to Gold 2013 – What is the trend for the gold price in 2013 and beyond?

Gold 2013 – What is the trend for the gold price in 2013 and beyond

Gold 2013 – What is the trend for the gold price in 2013 and beyond?

Review of Gold in 2012

Drivers of the gold price

Scenarios for 2013 and the gold price trend

Gold price forecasts 2013

Outlook on Gold 2013 and beyond

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21 Comments to Gold 2013 – What is the trend for the gold price in 2013 and beyond?

CURRENCY TRADING AND INVESTMENTS

CURRENCY TRADING AND INVESTMENTS

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Why Currency Trading Is Not For Everyone

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Gold Bar Price .

Gold Bar Price

Unusual Gold Coins

Unusual Gold Coins

Trade and currency and gold: GOLDPRICE

GOLDPRICE

Gold Price Commentary

How to Buy Gold

Is the Gold Price Targeting $2,036 in this Present Move? Franklin Sanders February 24, 2012

Gold Price is Climbing up the December Low and Should Break Above it Tomorrow Franklin Sanders February 23, 2012

Gold Price up $12.90 with a new Intraday High of $1,781.54 Franklin Sanders February 22, 2012

The Gold Price has the Wind in it's Sails Knocking Down Resistance Through $1,750 Can it Close Higher Still Tomorrow? Franklin Sanders February 21, 2012

The Gold Price Closed Down 0.1 Percent at $1,724.50 Franklin Sanders February 20, 2012

The Gold Price is up $1.20 This Week Closing at $1,723.30 Franklin Sanders February 17, 2012

The Gold Price Closed Today at $1,726.80 Franklin Sanders February 16, 2012

Gold Price Remains in a Bull Market the Longer it Drags the More Likely it will Resolve Upwards Franklin Sanders February 14, 2012

The Gold Price Must Rise Above $1,730 Otherwise it Risks Falling as low as $1,650 Franklin Sanders February 13, 2012

Gold Price Dropped $15.70 to Close at $1,723.30 from here $1,725 Becomes Resistance not Support Franklin Sanders February 10, 2012

The Gold Price Rose $9.70 to $1,739 Gold Must Trade Through $1,750 Tomorrow and Close Above that Mark Franklin Sanders February 09, 2012

Gold Price Lost $17.10 Today a Close Below $1,710 Will Drag Gold Further Down Franklin Sanders February 08, 2012

Gold Price Has Been on a Short Term Correction for the Last Three Days but Wants to Climb Higher Franklin Sanders February 07, 2012

The Gold Price Five Day Chart must not Breach Support Around $1,715 Otherwise $1,675 will be the Next Stop Franklin Sanders February 06, 2012

The Gold Price Broke Today After Rising all Week, Will it Wake Up on Monday? Franklin Sanders February 03, 2012

The Gold Price Gained $9.70 to Close at $1,756.80 Franklin Sanders February 02, 2012

The Silver and Gold Price Enjoyed a Profitable Day With Gold Busting Through it's Resistance Closing at $1,747.10 Franklin Sanders February 01, 2012

The Gold Price Gained $6.80 Pushing Through $1,740 Resistance Franklin Sanders January 31, 2012

If the Gold Price Violates Today's Low it Might Fall to $1,680 on the Other Hand it Could Rise to $1,805 Franklin Sanders January 30, 2012

The Gold Price Correction has Ended, Gold can hit $2,600 this Year Franklin Sanders January 27, 2012

The Gold Price Broke out Above it's Downtrend and Traded Above the 200, 150, 50, and 20 Day Moving Averages Franklin Sanders January 26, 2012

The Gold Price Shot up to $1,712.85 in One Hour, Next Big Resistance is $1,805 Franklin Sanders January 25, 2012

The Gold Price Gave Back $13.80 Today This is no More That a Correction Within an Uptrend Franklin Sanders January 24, 2012

The Gold Price Reached my $1,680 Target and Should Now Rally to $1,705 Franklin Sanders January 23, 2012

The Gold Price Utterly Blasted my Expectations Today, Closing Up 2 Percent for the Week at $1,663.70 Franklin Sanders January 20, 2012

Gold Price Closed at $1,654.10 Does the Five Day Chart Suggest a Slide Back Toward $1,605? Franklin Sanders January 19, 2012

The Gold Price Job for Tomorrow is to Move Ahead Toward $1,680 and to Breach That $1,667 Barrier Franklin Sanders January 18, 2012

The Gold Price Closed Up $24.80 to Close at $1,655.20 Franklin Sanders January 17, 2012

The Gold Price Lost $16.90 Today Closing at $1,630.40 Franklin Sanders January 16, 2012

The Gold Price Has Most Likely Bottomed Working Through Two Resistance Levels up $14.50 for the Week to Close at $1,616.10 Franklin Sanders January 13, 2012

The Gold Price Rose Another Level up $8.10 on Comex Closing at $1,647.30 Franklin Sanders January 12, 2012

Gold Price Pierced the $1,630 Resistance and Has $1,680 Firmly in its Sights Franklin Sanders January 11, 2012

Gold Price rose $23.50 Smashing Down the Gates at $1,625 Reaching $1,639.65 Closing at $1,631 Franklin Sanders January 10, 2012

Gold Price Closed Today at $1,607.50 Won't Hang Around Here Long, Tomorrow Ought to Find Gold Higher Franklin Sanders January 09, 2012

Is the Gold Price Targeting $2,036 in this Present Move?
Franklin Sanders
February 24, 2012

Gold Price is Climbing up the December Low and Should Break Above it Tomorrow
Franklin Sanders
February 23, 2012

Gold Price up $12.90 with a new Intraday High of $1,781.54
Franklin Sanders
February 22, 2012

The Gold Price has the Wind in it's Sails Knocking Down Resistance Through $1,750 Can it Close Higher Still Tomorrow?
Franklin Sanders
February 21, 2012

The Gold Price Closed Down 0.1 Percent at $1,724.50
Franklin Sanders
February 20, 2012

The Gold Price is up $1.20 This Week Closing at $1,723.30
Franklin Sanders
February 17, 2012

The Gold Price Closed Today at $1,726.80
Franklin Sanders
February 16, 2012

Gold Price Remains in a Bull Market the Longer it Drags the More Likely it will Resolve Upwards
Franklin Sanders
February 14, 2012

The Gold Price Must Rise Above $1,730 Otherwise it Risks Falling as low as $1,650
Franklin Sanders
February 13, 2012

Gold Price Dropped $15.70 to Close at $1,723.30 from here $1,725 Becomes Resistance not Support
Franklin Sanders
February 10, 2012

The Gold Price Rose $9.70 to $1,739 Gold Must Trade Through $1,750 Tomorrow and Close Above that Mark
Franklin Sanders
February 09, 2012

Gold Price Lost $17.10 Today a Close Below $1,710 Will Drag Gold Further Down
Franklin Sanders
February 08, 2012

Gold Price Has Been on a Short Term Correction for the Last Three Days but Wants to Climb Higher
Franklin Sanders
February 07, 2012

The Gold Price Five Day Chart must not Breach Support Around $1,715 Otherwise $1,675 will be the Next Stop
Franklin Sanders
February 06, 2012

The Gold Price Broke Today After Rising all Week, Will it Wake Up on Monday?
Franklin Sanders
February 03, 2012

The Gold Price Gained $9.70 to Close at $1,756.80
Franklin Sanders
February 02, 2012

The Silver and Gold Price Enjoyed a Profitable Day With Gold Busting Through it's Resistance Closing at $1,747.10
Franklin Sanders
February 01, 2012

The Gold Price Gained $6.80 Pushing Through $1,740 Resistance
Franklin Sanders
January 31, 2012

If the Gold Price Violates Today's Low it Might Fall to $1,680 on the Other Hand it Could Rise to $1,805
Franklin Sanders
January 30, 2012

The Gold Price Correction has Ended, Gold can hit $2,600 this Year
Franklin Sanders
January 27, 2012

The Gold Price Broke out Above it's Downtrend and Traded Above the 200, 150, 50, and 20 Day Moving Averages
Franklin Sanders
January 26, 2012

The Gold Price Shot up to $1,712.85 in One Hour, Next Big Resistance is $1,805
Franklin Sanders
January 25, 2012

The Gold Price Gave Back $13.80 Today This is no More That a Correction Within an Uptrend
Franklin Sanders
January 24, 2012

The Gold Price Reached my $1,680 Target and Should Now Rally to $1,705
Franklin Sanders
January 23, 2012

The Gold Price Utterly Blasted my Expectations Today, Closing Up 2 Percent for the Week at $1,663.70
Franklin Sanders
January 20, 2012

Gold Price Closed at $1,654.10 Does the Five Day Chart Suggest a Slide Back Toward $1,605?
Franklin Sanders
January 19, 2012

The Gold Price Job for Tomorrow is to Move Ahead Toward $1,680 and to Breach That $1,667 Barrier
Franklin Sanders
January 18, 2012

The Gold Price Closed Up $24.80 to Close at $1,655.20
Franklin Sanders
January 17, 2012

The Gold Price Lost $16.90 Today Closing at $1,630.40
Franklin Sanders
January 16, 2012

The Gold Price Has Most Likely Bottomed Working Through Two Resistance Levels up $14.50 for the Week to Close at $1,616.10
Franklin Sanders
January 13, 2012

The Gold Price Rose Another Level up $8.10 on Comex Closing at $1,647.30
Franklin Sanders
January 12, 2012

Gold Price Pierced the $1,630 Resistance and Has $1,680 Firmly in its Sights
Franklin Sanders
January 11, 2012

Gold Price rose $23.50 Smashing Down the Gates at $1,625 Reaching $1,639.65 Closing at $1,631
Franklin Sanders
January 10, 2012

Gold Price Closed Today at $1,607.50 Won't Hang Around Here Long, Tomorrow Ought to Find Gold Higher
Franklin Sanders
January 09, 2012

The Gold Price was Stopped by $1,625 This Week, it Will Charge at this Mark Again Taking Gold to $1,870
Franklin Sanders
January 06, 2012

Gold Price Nearly Hit 200 Day Moving Average ($1,627) a Usual Place to Fall in a Not-Yet-Completed Downward Correction
Franklin Sanders
January 05, 2012

Gold Price Has Climbed Above $1,600 Can it Hold?
Franklin Sanders
January 04, 2012

The Gold Price Met Stout Resistance at $1,605 to Close Today at $1,599.70
Franklin Sanders
January 03, 2012

The Gold Price Rose 9.2% in 2011 Bull Market in Gold and Silver Has Not Ended
Franklin Sanders
December 30, 2011

The Gold Price Closed at $1,539.90 I Would Not Sell Silver or Gold Here
Franklin Sanders
December 29, 2011

The Gold Price Fell After Breaking Support, New Support at $1,535 - $1,500
Franklin Sanders
December 28, 2011

Gold Price Fell Below $1,600, Expect a Move Higher Before the Week Ends
Franklin Sanders
December 27, 2011

The Gold Price May Have Bottomed At $1,562.50 and Will Now Rally
Franklin Sanders
December 22, 2011

Gold Price Buy Signal Will Be a Slight Rise After Correcting Near $1,562.50, Will it Hold?
Franklin Sanders
December 21, 2011

The Gold Price and Silver Price had a Field Day, Gold up 1.3 Percent
Franklin Sanders
December 20, 2011

With the Gold Price this Low it's Your Opportunity to Buy One Last Time at Bargain Basement Prices
Franklin Sanders
December 19, 2011

Gold Price Rose $21 Today, Lost 6.8% This Week, Silver and Gold Remain in a Primary Uptrend With 3 to 10 Years to Run
Franklin Sanders
December 16, 2011

The Gold Price Close Down 0.6% to Close at $1,574.60
Franklin Sanders
December 15, 2011

The Gold Price Took a Beating Today, Down 4.6%, Gold and Silver Remain in a Bull Market
Franklin Sanders
December 14, 2011

Gold Price Closed at $1,727.90, I'm Waiting a Day or Two to Take Advantage of Lower Prices
Franklin Sanders
December 13, 2011

Gold Price Dropped Through the 150 Day Moving Average, Will it Drop Farther?
Franklin Sanders
December 12, 2011

Gold Price Lost 2% This Week Closing at $1,712.80
Franklin Sanders
December 09, 2011

The Silver and Gold Price Dropped, I Bought Silver and Gold Today
Franklin Sanders
December 08, 2011

Gold Price Rose $13 Today to $1,740.90 While Silver Fell 11.7c
Franklin Sanders
December 07, 2011

Gold Price Near the Trendlines is a Good Time to Buy
Franklin Sanders
December 06, 2011

The Gold Price Closed 0.9% Lower, Will The Supports Continue to Hold?
Franklin Sanders
December 05, 2011

Gold Price Rose 3% This Week, it Must Pierce $1,750
Franklin Sanders
December 02, 2011

Gold Price Closed Today at 1,735.30, Down -0.6%
Franklin Sanders
December 01, 2011

The Gold Price Jumped 32.10 Today, Can It Break Through It's $1,800 Resistance?
Franklin Sanders
November 30, 2011

Gold Rose Today Closing at $1,713.40, Silver Fell 30.8c
Franklin Sanders
November 29, 2011

The Gold Price Close Higher 1.5% Today Closing at 1,710.80
Franklin Sanders
November 28, 2011

The Gold Price Closed Down 2.3% This Week
Franklin Sanders
November 25, 2011

The Gold Price Closed Down 0.4% Today To Close At $1,695.70
Franklin Sanders
November 24, 2011

Gold Price Bull Market Continues, Use This Correction To Buy More Gold Cheap
Franklin Sanders
November 23, 2011

Silver and Gold Price Are In a Routine Correction In a Bull Market, Keep Averaging Down
Franklin Sanders
November 22, 2011

Gold Price Dropped Today, I'm Buying At Each Support Level Not Missing The Low
Franklin Sanders
November 21, 2011

Whatever Gold Price Downside Risk Remains Here Is Peanuts Compared to the Triple of Quadruple Upside
Franklin Sanders
November 18, 2011

Gold Price Dropped $54 Today 3% Closing at $1,719.80, Bull Market Has Years To Run
Franklin Sanders
November 17, 2011

The Gold Price Closed at $1,773.80 Today Down 0.4%
Franklin Sanders
November 16, 2011

If Gold Price Closes Over $1,800 Two Days Running, Don't Wait Buy Fistfuls
Franklin Sanders
November 15, 2011

The Gold Price Remains in an Uptrend Closing at $1,777.80
Franklin Sanders
November 14, 2011

The Gold Price Rose Again, Remember If Gold Closes Above $1,800 For Two Days Don't Wait Just Buy
Franklin Sanders
November 11, 2011

The Gold Price "Must Hold" Support Is Now $1,740
Franklin Sanders
November 10, 2011

The Gold Price Met My Target Yesterday With a High of $1,802.73
Franklin Sanders
November 9, 2011

The Gold Price Closed Today at 1,798.40 Up 0.5%
Franklin Sanders
November 8, 2011

Gold Price Close Today 1,790.30 Up 2.0%
Franklin Sanders
November 7, 2011

Gold Price Close At 1,755.30 Up 0.5% For The Week
Franklin Sanders
November 4, 2011

The Gold Price Today Traded To $1,767.27, and Closed Up $35.50 Near The Top At $1,764.20
Franklin Sanders
November 3, 2011

Gold Price Closed at $1,728.70 up 1.0%
Franklin Sanders
November 2, 2011

Gold Price Closed at $1,711 down 0.8%
Franklin Sanders
November 1, 2011