The bigger profits come to those who are patient and wait for the bigger opportunities such as post-US Job numbers.”
Dayton, OH (PRWEB) July 05, 2013
With Gold’s precipitous drop that has been well covered in financial news, such as Bloomberg, many investors and traders alike are looking for a place to accumulate precious metals.
As a service, Eric Harbor, CEO of CaesarTrade FX-CFD, contributes content daily to Forex Minute that is relevant to traders and investors alike. As the US jobs picture being the most important data release of the month and gold being vastly oversold, Eric has shown how to use the data release in order to gleam clues as to when to purchase gold for a longer term time frame.
The US jobs picture affects gold's price since gold’s value moves alongside interest rates and competes with other investments such as the stock market for investor’s dollars. For the year, the rising stock market and a higher yielding interest rates has not bode well for the precious metal. But markets are not constant and there may be a turning point as the Bank of England and European Central Bank pledged to keep rates low as mentioned in a New York Times piece.
“Most people are impatient and jump the gun when it comes to entering oversold instruments such as gold in order to pick up a quick buck,” says Eric Harbor. “But the bigger profits come to those who are patient and wait for the bigger opportunities such as post-US Job numbers.”
If you have not been reading his press releases, you should. They are timely, prescient, and entertaining concerning the Forex, Commodity, and Financial Markets and can be found here. He also manages an online Forex company and has a different perspective than most commentators, as he has first-hand knowledge as to how and why traders and investor make good and foolish decisions. To get an unique perspective of the markets, sign up for Eric's daily updates here
Eric Harbor is available for interview and can be reached at +1-937-581-4244