With the Stock Market sliding below 7000 for the first time since October, 28th 1997 all
Economic indicators suggest their will be more potholes before the road to recovery begins. The Presidents “stimulus plan” appears to have the support of many “Main Street” citizens and that has been reflected in his approval ratings.
However, Mr. Bernake has called the AIG BAIL-OUT for the fourth time crucial in the forward progress of this countries economy. We also see Citigroup, Bank of America, and the United States Auto Industry to name a few who also have received Federal BAIL-OUTS. The Gross Domestic Product (GDP) has fallen to a 20 year LOW. Not to mention the 2 Million plus JOBS lost by American workers and the staggering amount of Home foreclosures. I believe “There needs to be accountability “on all sides.
I certainly HOPE all the Federal monies that are to be injected into this countries Financial Institutions will help ease the “Credit Crunch” and help America get back on its feet. However, I do not believe in the “Silver Bullet” theory and believe it will take time to right the ship. Despite the extreme volatility I certainly believe there are still ample opportunities to have success trading the volatility. In my opinion the best markets to trade are ones with “VOLATILITY and VOLUME”.
The Traders of Gold are very aware of VOLATILITY and the Volume is VERY GOOD. The whole World understands Gold. It is a symbol of wealth and prosperity everywhere.
It is and always will be the “SAFE HAVEN” for all. As of late it has really been used as a “Leverage” to offset MARGIN CALLS in Stock Portfolio’s.
In these uncertain times do your research, trade with “STOP LOSS ORDERS”, and find a system or Broker that matches your needs and covets your business. I am presently trading MINI GOLD and Gold Call Spreads. Even 30 year veteran Gold guys have to respect the “VOLATILITY”…
GIVE ME A CALL …LETS TALK GOLD…
TRADE SMART
Mike Daly
PFG BEST
Senior Broker
877-294-4669
mdaly@pfgbest.com
THERE IS SUBSTATIAL RISK TRADING FUTURES, OPTIONS, and FOREX