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Thursday, July 13, 2006

Why Gold will go up ?

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There are Numerous Reasons Gold will go up

1st) Many Tensions which will never ease
2nd) Nuclear Tensions of Iran
3rd) Oil Prices Jumping High
4th) Dollar gets slammed many times, give a push to Gold/Silver
5th) Signs Occuring Fed will Pause
6th) New Investors Jumping in , those people who kept there money Aside
7th) UAE Central Bank Reserve Mentioned of Buying Gold


Main thing , NEVER PANICK !!!

Always Decide where to keep Stop Loss.
I tell to everyone keep around 10$ Away and then slowly increase as price goes up

WHY ?

Profit taking happens mostly 6-8$ down most of the time.
If it crosses below $10, then it mean it has Crossed the previous Support and likely chances of further down, so you are safe from more losses.


More information will be coming.

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