{"id":182,"date":"2010-02-22T10:03:14","date_gmt":"2010-02-22T17:03:14","guid":{"rendered":"http:\/\/goldcoinsrare.com\/?p=182"},"modified":"2010-02-22T10:03:14","modified_gmt":"2010-02-22T17:03:14","slug":"gold-price-gains-and-losses-over-the-last-3-months","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/gold-price-gains-and-losses-over-the-last-3-months\/","title":{"rendered":"Gold Price Gains and Losses over the Last 3 Months"},"content":{"rendered":"

The price action on gold has been hot lately.\u00c2\u00a0 <\/span>Gold closed at an all-time high<\/a> on December 2nd<\/sup> of $1,212.50 per ounce.\u00c2\u00a0 <\/span>The price action prior to that was climbing almost daily from the $1,050 mark.\u00c2\u00a0 <\/span>After it reached the high of $1,212.50 it slowly made its way down to test the $1,050 support level.\u00c2\u00a0 <\/span>It came close to this support level but never broke it.\u00c2\u00a0 <\/span>It closed at around $1,058 on February 5th<\/sup> and since then has steadily climbed to where it sits today of $1,112.<\/span><\/p>\n

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The up and down market action can be scary for your average investor.\u00c2\u00a0 <\/span>This is why I always say, if you are not a day trader then you do not need to pay attention to the daily market action.\u00c2\u00a0 <\/span>What you are looking for are trends<\/a> in the market. \u00c2\u00a0<\/span>Trends are what tell you what to do in the long-term.\u00c2\u00a0 <\/span>Trends should guide your strategy.\u00c2\u00a0 <\/span>If you look at a chart of gold<\/a> from 2000 to present you can see a long-term positive trend.\u00c2\u00a0 <\/span>It started at $252 per ounce and has been climbing ever since.\u00c2\u00a0 <\/span>Sure there have been some big corrections along the way, buy that is what you want.\u00c2\u00a0 <\/span>Ups and downs are a sign of a healthy market.\u00c2\u00a0 <\/span>If you were watching the daily market action you might have sold out too early.\u00c2\u00a0 <\/span>This is why trends are so important.<\/span><\/p>\n

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Take March of 2008 to November of 2008 for example.\u00c2\u00a0 <\/span>Gold rose to an all-time high of over $1,000 per ounce and steadily fell to $709 per ounce.\u00c2\u00a0 <\/span>Had you have sold out because of the downward slide, you would have missed out on the following upswing.\u00c2\u00a0 <\/span>As for the current trend, everything is pointing towards a continuation of the upward trend.\u00c2\u00a0 <\/span>Two of the biggest factors playing into the future of the gold market are the U.S. Dollar<\/a> and normal bull market cycles.<\/span><\/p>\n

\u00c2\u00a0<\/span><\/p>\n

The dollar has been in a steady demise for a few years now, and with all of the money printing going on with the U.S. government I don\u00e2\u20ac\u2122t think it will be going strong anytime soon.\u00c2\u00a0 <\/span>I have written many times in this blog about the three phases of a bull market<\/a> which I think is also a big factor contributing to the positive trend in gold.\u00c2\u00a0 <\/span>Many experts are calling for gold to hit $2,000 per ounce this year and $4,000 to $5,000 per ounce before the trend is over.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The price action on gold has been hot lately.\u00c2\u00a0 Gold closed at an all-time high on December 2nd of $1,212.50 per […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[33,1421,116],"class_list":["post-182","post","type-post","status-publish","format-standard","hentry","category-blog","tag-bull-market","tag-gold-prices","tag-spot-price"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=182"}],"version-history":[{"count":0,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/182\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}