Trade and currency and gold

Trade and currency and gold

Wednesday, July 13, 2011

Easy Forex Trading Tips

Easy Forex Trading Tips


Easy Forex trading

is something of an oxymoron.
While certain aspects of trading Forex have been made simpler by the development of information technology, it remains as difficult as ever to predict how the values of currencies are going to rise or fall.
In fact due to the higher general standard of Forex education these days, ‘easy Forex trading’ has never been more competitive. However there are some fundamental concepts that when grasped should improve your trades dramatically.
The words ‘Forex trader’ probably conjure up the image an uptight yuppie yelling at his cell phone, but the fact is that successful Forex trading requires more than a studious devotion to graphs and figures. A real Forex trader is a philosopher, someone who looks at the chaotic global picture, understands it, and thus produces accurate predictions about the future of currencies.
Typical indications that a country’s currency is about decline include political conflicts such as war and civil unrest, economic recession, high unemployment and costly natural disasters such as earthquakes and floods. Indications that a country’s currency is going to increase in value include economic success, the resolution of political conflicts, and increases in the value of the country’s resources such as oil or gold.
Different currencies and commodities relate to each other in a variety of ways. For example the values of gold and the US dollar are closely tied to one another. Easy Forex trading involves learning to recognize these patterns and exploit them.
The US dollar is a traditionally strong, stable economy; after the dollar the safest investment in Forex is probably gold. For this reason whenever there are doubts about the future of the US economy traders tend to buy up all the gold they can. They do this because they know that the value of gold is unlikely to fall suddenly or significantly, and even if it does it will probably recover its value before long.

Tuesday, July 5, 2011

Gold Price Android App

Gold Price Android App


GOLD PRICE Live is a FREE Gold Price Android App
GOLD PRICE Live provides real time and historical silver and gold price charts in your national currency. Silver and gold prices from all major US gold dealers compared.

Locate the best deals on all popular silver and gold coins and bars and call the gold dealers right from within the GOLD PRICE Live android app.

Daily gold commentary from Franklin Sanders to keep you informed about trends in silver and gold and the critical support and resistance levels plus end of day quotes for the US Dollar, Dow Jones, S&P 500, Platinum Price, Palladium Price, Silver Gold Ratio, Gold Silver Ratio, Dow in Gold Ounces and Dow in Silver Ounces.

Features:


- Live Silver Price and Gold Price charts in 26 national currencies, gold prices update every 1 minute, charts automatically refresh.

- Silver and gold price history charts including 1 day, 3 days, 30 days, 60 days, 1 year, 2 years, 5 years, 10 years, 15 years, 20 years,
25 years, and up to 36 years.

- Gold Price Charts in these currencies: USD, AUD, CAD, GBP, EUR, AED, ARS, BRL, CHF, CNY, COP, HKD, IDR, INR, JPY, KWD, MXN, MYR, NZD, PHP, RUB, SEK, SGD, TRY, VUV, ZAR

- Silver Price Charts in these currencies: USD, AUD, CAD, GBP, EUR, BRL, CHF, CNY, HKD, INR, JPY, KWD, MXN, NZD, RUB, TRY, ZAR

- Compare prices of all types of gold bullion and silver bullion to find the lowest priced gold and silver coins and bars so you get more gold and silver for your money.

- Compare prices of USA gold dealers to find the best deals today on all popular gold and silver coins and bars.

- Gold dealers are ranked by price for each type of bullion coin and bar with the premium above the spot gold price shown for each, all in one spot on your android phone.

- Click on the gold dealers phone numbers within the Gold Price Live android app and call them right away to buy gold and silver.

- Historical Charts of all popular gold and silver bullion coins showing the maximum, average and minimum price for the past 30 days, 60 days, 6 months and 1 year.

- Gold Dealers in other countries coming soon.

- Save your favorite charts collection then view them all in one convenient place on the home screen of the app, along with today's gold commentary.

- Simply turn your phone to landscape to enlarge the charts to fill the entire screen and then you can scroll through all your favorites as they update automatically in real time.

GOLD PRICE Live
is a free Gold Price Android App

Gold Price Has Broken

Gold Price Has Broken Out Into a New Rally

Gold Price Close Today :1,180.10
Gold Price Close 22nd April: 1,142.30
Change: 37.80 or 3.3%

Silver Price Close Today : 18.611
Silver Price Close 22nd of April: 18.006
Change 60.50 cents or 3.4%

Platinum Price Close Today: 1,739.40
Platinum Price Close 22nd of April: 1,743.00
Change: 52.70 or 3.1%

Palladium Price Close Today: 551.55
Palladium Price Close 22nd of April: 565.50
Change: -13.95 or -2.5%

Gold Silver Ratio Today: 63.41
Gold Silver Ratio 22nd of April: 63.44
Change: -0.03 or -0.0%

Dow Industrial: 11,008.61
Dow Industrial 22nd of April: 11,134.29
Change: -125.68 or -1.1%

US Dollar Index: 81.896
US Dollar Index 22nd of April: 81.573
Change: 0.32 or 0.4%

Let's look at the week: who gained, who lost? The US dollar index probably peaked for a while this week, but showed a 32 basis point gain in spite of its weakness late in the week. Stocks fell significantly, turned back by unconquerable resistance and their own improbability. Platinum and palladium had their sails lightly trimmed, while SILVER and GOLD PRICES leapt more than 3%, proving they have begun a new rally.

Yesterday I wrote, "What would comfort my wearied apprehension? The GOLD PRICE smashing definitively through $1,170, silver topping $18.80, and the Gold/Silver ratio dropping through 62:1. That would erase all the ambiguity."

Today silver and gold met most of my requirements. The gold price rose $11.70 to close on Comex at $1,180.10. The SILVER PRICE rose 6.2c to close at $18.611, besting the last big high, although not $18.80. That will come Monday. Finally, the gold/silver ratio edged closer to 62:1, but remains 1.4 points above. Not everything, but a lot.

The gold price has broken out into a new rally. Clearly it is meeting lots of disbelieving sellers as it rises. Don't join them, because the gold price is headed much higher in May: much higher. Beneath them, the gold price must hold $1,160 and the silver price $18.50. As long as they hang on there, they're all right. This rally should raise the gold price to $1,300 or higher and the silver price to a new high above $20.68.

Buy the breakouts. Of course, you don't have to. You can wait to buy until the gold price reaches $1,300 and the silver price reaches $25.00.

The US dollar index made a higher high this week, but last three days has been struggling to remain afloat, and today sank beneath the waves at 82. Right now it's trading down 10.7 bps at 81.896. "Below 82" breaks the magic, and the morale. This week the dollar tried to break through 82 and even reached 82.71 intraday, then failed shamefully. Now it's only 65 bps above its 20 day moving average, but also remains above its 200 week moving average. Next week looks tough for the dollar and it may visit 78 before it visits 88.

This week the Dow on Monday made a new high close for the move at 11,205.03. Sounds great, huh? But . . . Next day it sank 213 points, rose 53 on Wednesday, rose another 122 yesterday, then vomited up nearly all that gain today with a 158.71 point fall to 11,008.61. S&P fared worse, losing 20.09 to close at 1,186.69.

Sorry, I must say it: Dow's five day chart looks most emphatically double-toppy. The Bridge over the River Plunge now stands at 11,000, and once the Dow breaks that the rats will begin running for the jungle. I believe y'all have seen the top in stocks for the rally that began in March 2009. As I have begged you all before I now beg again, for your own sakes, for your families' sakes, get out of stocks.


Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2010, The Moneychanger. May not be republished in any form, including electronically, without our express permission.

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down. Whenever I write "Stay out of stocks" readers inevitably ask, "Do you mean precious metals mining stocks, too?" No, I don't.