I tend to believe that Gold has an inverse relationship with the US Dollar as when the US Dollar is down, Gold tends to rise in value and vice-versa.
Yesterday we gave the markets a Downside as both the USD and the Bonds were trading Higher Thursday morning and that is usually indicative of a Downside day.
Yesterday was no exception as the markets were correlated Lower but the economic news reported came in mainly positive and served to drive the markets Higher.
In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
Trading in the commodities markets involves substantial risk and YOU CAN LOSE A LOT OF MONEY, and thus is not appropriate for everyone.
Also, during periods of extreme volatility, trading in these markets may be halted due to so-called “circuit breakers” put in place by the CME to alleviate such volatility.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
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