Gold has had some dramatic moves in the last eighteen months and we expect it will have some equally dramatic moves in the future, but not right now.

http://www.mywealthmastery.com/why-gold-will-not-make-new-highs-or-lows-this-year.html

Gold is one of the few commodity markets that people are really passionate about; the purpose of this blog is not to take sides either with the gold bugs or those who reject the argument that gold is forever.  Rather, it is to discuss interpretation of the markets cycle.

After spot gold made an all-time high against the dollar on December 2 at $1,226.37, gold has been in retreat mode. For the past several months gold has been in a broad trading range, seemingly unable to move one way or another. This process has created frustration from bulls and bears alike.

Here is the dirty little secret about the gold market. It can be a horrible investment and here’s why:
Gold first started trading in the 80s. When gold opened up, the public clamored to buy into the gold futures market and guess who sold it to them? That’s right it was the pros – the guys who made their living trading. As a result, gold hit an all-time high of around $850 an ounce back then and it took almost 25 years for gold to move over that level, at least in dollar terms. I don’t know what your timeline is, but 25 to 30 years is an awful long time to get even again.

So what is really happening in this market?

Everyone is aware of the problems in Europe with Greece, Portugal and a host of yet to be named countries. We all know that the huge amount of money being printed, coupled with the bank failures abroad contribute to the dollars declining value. These events, in conjunction with the American government’s actions, also contribute to the devaluation of the dollar. The government claims that this is beneficial to exports, but the bottom line is that the purchasing power of the American dollar continues to erode in world markets.

Based on the declining value of world currency against gold you might ask- why isn’t gold trading at $2,000 or even $3,000 an ounce? What is wrong with this market? This is because a great deal of what goes into the gold market is psychological and reacts to cyclic trends driven by both psychological and economic factors.

So what does all this have to do with the price of gold now? It has everything to do with gold and nothing to do with gold.

Watch the video for Adam’s detailed analysis of the Gold market. The video is free and does not require registration/opt-in.

http://www.mywealthmastery.com/why-gold-will-not-make-new-highs-or-lows-this-year.html

No matter what happens we expect gold will offer some great trading opportunities that investors and traders should be able to take advantage of.

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