Yesterday’s eye-popping, freefall to USD 1321 more than $150 or 10% in a day caught everybody by surprise – pleasant surprise to those waiting to buy 🙂 as I said the other day, so for those who are keen bargain hunters, time to go shopping! But wait! Why is this a golden opportunity? Prices are moving back up ,,, and check the videos below.
Just to note one thing that was said in comparing oil to gold (or metals) — oil is a consumable. Once it’s used, it’s gone. That spells a fundamental difference to me over where to invest. People ask me all the time about which stock to buy, I like to invest in what people use and consume all the time. To me that’s always going to be a good buy, ( I mean you know, for personal use), there’s always demand. I know people say Europe and US demand is softening, but look to where it is growing : China, India, Southeast Asia — where most people live! I know it is volatile, but that’s good especially if you are able to trade with volatility-based systems (band trading / range trading), you will always be able to take tradeable positions whether up or down. The next question is HOW, and I share my easy-to-follow steps and detailed instructions (do the smart thing and copy and just improve what already works!) in my book “High Heeled Traders” get it here now!
http://www.bloomberg.com/news/2013-04-16/gold-tumble-divides-central-banks-as-sri-lanka-sees-opportunity.html
