By: Stefan Penkov
Gold finally broke trough! It is still bellow this year’s high but XAU and HUI surpassed their respective 2007 peaks. These are excellent indications for Gold. Even though the gold indexes were lagging the metal over the last 14 months, they lead usually the upcoming waves. The last confirmation will stay the 700$ mark but everything is pointing the start of a new and strong increase. Silver and most of the silver companies are doing great as well. This starting wave should be very profitable and if you are still wondering if you want to jump in, I encourage you to make your diligent research as soon as possible. Things go fast most of the time and if we miss the beginning of the move we could miss 20-40% of it. The commodities are in a major multiple years uptrend and the intermediate waves up are a blessing for those who recognize this fact.
The weakness of the
|
Euro Japan/yen UK/pound Canada/dollar Sweden/krona Switzerland/franc |
57.6 % 13.6 % 11.9 % 9.1 % 4.2 % 3.6 % |
These contract specifications are subject to change. Most of the currencies are strong, leaded by the British pound and the Canadian dollar. The Euro is doing well too but it lucks the strength of the leading currencies.
The stock markets are entering a phase of strong volatility after the recent increases and a sideways move is quite possible during the next couple of months. However, we can expect a good summer performance from the commodities’ markets and the S&P TSX Composite which is heavily resource weighted index.
Investing is a passionate activity. Those investors, who are able to identify and recognize the major trends in the different capital markets, are well rewarded. Traders need to be aware of the major trends as well for better targeting the short term fluctuations.
Good investing and best regards,
