Latest Gold Trading Signals (Updated: February 2, 2011)
63Welcome to gold trading Signals Update
This hub will be updating gold buy, sell and hold signals from around the net. The hub will be updated almost daily as important signals are triggered. Also be sure to check out Updated Trading Signals for Silver and the Nasdaq 100 ETF (QQQQ).
Latest Gold Trading Siganals
American Bulls Rates Gold a Buy for 41th Day (Feb 2., 2011)
AmericanBulls.com has gold at a buy rating for the 41st day. According to the site, gold formed a high wave candle stock pattern at the close of February 1. This indicates, that while gold pattern is bullish, there is some question of the direction for future traders.
Gold Seek Radio Rates Gold as a Buy (Feb 2., 2011)
Gold Seek radio continues to fire its "Green Light" on the gold market. The green light indicates that there is long and short term support for the gold market.
Technical Indicators Show Gold's 20-Day Moving Average Dipping Below the 50-Day Moving Average (Feb 2., 2011)
While there are buy signals across the board, the recent pull back on gold has but the precious metal's 20-day moving average below its 50-day moving average. This should warrant some caution about using any leverage or options trading. The price is still well above the critical 200-day moving average ($1250 an ounce). So, while gold is still a buy, there should be caution about any aggressive bullish action.
How to Own Gold
You can own gold several different ways. It is important to familiarize yourself with the different pros and cons of the types of gold ownership available before you make your purchase.
Bullion - The most secure way to own gold is to buy the coins and the bars and to have the bullion in your possession. This process is also one that requires the most work. You have to secure a dealer, make payment and be able to accept delivery. Two of the best firms to buy gold from are APMEX.com and Bullion Direct.com
Gold Money - For those who would like to own gold and have it stored overseas, consider GoldMoney.com. This service allows you to make a payment and have bullion secured offshore. This is the second best choice to owning gold in your hands.
ETFs (Exchange traded Funds) - Exchange Traded Funds allow you to buy and sell gold as a stock. Be be aware that you do not own any real gold bars and coins. ETFs are designed more as a trading tool for short term speculation or hedge. It is important that you do not substitute using an ETF for gold ownership.
More Gold Articles
- When will America's Economy Collapse Revealed (Updated: August 2011)
Just about everyone who seriously follows the world's economy rolling collapse from Iceland to Greece to Ireland know that the United States is the biggest country at risk. With 14 trillion dollars in debt, 50 trillion in un-funded liabilities from... - 16 months ago
- APMEX for First-Time Gold and Silver Buyers Guide
If you are interested in buying gold and silver coins to protect you against future hyperinflation, then chances are you may have heard of APMEX. This article will give you an introduction as to what APMEX is... - 17 months ago
- When the Dollar May Become Worthless REVEALED
The dollar has lost 99% of its purchasing power since 1913. That's right, in 1913, you could have purchased a candy bar for a penny. Today that same candy bar would cost a dollar. And the trend in the dollar collapse has steepened as the cost of gas... - 15 months ago
