Gold & Silver Pullback as Forecasted Now for the Big Opportunity

Author:

Chris Vermeulen
Chris Vermeulen – www.TheGoldAndOilGuy.com

A few weeks ago I wrote about how gold was starting to top and that everyone should expect a very sharp drop to the low $1600 area. How I came to this conclusion was though the use of inter-market analysis combining price patterns, gold futures volume, the dollar index and market sentiment. This allowed me to understand what the majority of other traders/investors were thinking and feeling. By knowing each of these market variables and crowd behavior I can accurately see into the future a few days with a high probability of success and most importantly with low downside risk.

You can view part-1 on how I properly forecasted that gold would fall sharply in August here: http://www.thegoldandoilguy.com/articles/dollar\'s-on-the-verge-of-a-relief-rally-look-out/

At the time when I forecasted gold to reach the low $1600 area gold was still building the top pattern so I could not say how long a recovering would likely take nor did I know exactly when to re-enter a long position. But now that we have seen how gold arrived at my target price I can form a new forecast.

Spot Gold Price Forecast – Daily Chart:

The gold chart below clearly shows rising volatility along with my topping pattern of three surges to new highs. It was August 31st when I warned subscribers and my followers that gold was about to top and that everyone should be taking profits or at least tightening their stops to lock in gains. Only three days later gold topped and it has not stopped falling since.

On August 8th gold had a large opening gap to the upside. This means the price opened the next day much higher from where it closed the previous session. It\'s important to note that gaps especially for gold almost always get filled within a couple months. Seeing this gave me a solid reason to think that gold should pullback to this level during the next big correction in price.

Also during the month of August gold had to pullbacks only to continue to make the third and final high. This told me that when the top is put in place was a very high probability that we see the price of gold drop below both of Augusts\' lows and that would trigger stop orders sending the market sharply lower.

Now that we are seeing the stops being flushed out of the market it means the majority of speculative traders have exited their positions. So speculative traders who caused the large surge in gold to take place are now out. Once all the speculative traders have exited which should take place in the coming weeks or two we can expect some type of bounce or rally. I will keep a close eye on the intraday charts for subscribers as we near a potentially major trade setup.


Where are we in this gold bull market?

Well I feel gold is more fairly priced between $1632- $1660 area. Currently gold is trading at $1660 but if things play out like I have seen in the past we just may get one more dip this week to the $1600 area before gold truly puts in a bottom. Because gold went from a new high all the way down to Friday\'s panic selling washout instead of a controlled ABC correction I feel a bottom will be more of a one day event. This type of bottom carries more risk and is more difficult to time and trade. So scaling in with a small position at this level and adding on a drop to $1630 then $1600 could prove to be the safest way into a gold position.

Forward looking I see gold bottoming over the next week or two then a nice relief rally to the $1775 area. Depending on how gold arrives there will alter my next gold forecast so let\'s wait and see how things unfold.

Watch my pre-market video analysis to see how prices are unfolding today: http://www.thetechnicaltraders.com/ETF-trading-videos/index.html

Spot Silver Price Forecast – Weekly Chart:

Silver I call the Un-Safe haven because to me it\'s not a safe haven in the way everyone\'s believes it be. I hear and see everyone including friends and family selling all their stocks and putting their money into silver. To me buying large amounts of silver with your retirement money is just ridiculous. I m sure my statement here will trigger an inbox of silver-perma-bulls (silver bugs) to send me hate mail but that\'s fine as my assistant filters my emails so I don\'t have to keep being reminded how rude some humans can be over an simple opinion…

Investments that can lose 25in value within 2 days or lose 40of it\'s value in 5 months should not be traded nor invested in with large portions of anyone\'s life savings, especially if you are over the age of 50 and have not proven to be a constantly profitable trader. No one can stomach losing that much of their nest egg.

That being said I do feel silver is in a similar situation as gold. I do feel a bottom is near. Silver has formed an ABC correction and the price and volume patterns seem to be in line with a typical bottoming pattern. After Friday\'s massive selloff I feel silver may slide a little lower yet before putting in a bottom.

One thing to keep in mind with silver is that it is very thinly traded; there are a lot of speculative traders involved which push and pull the price to extreme levels on a regular basis. So if the broad stock market continues to sell off sharply then I expect silver to follow suit.

Pre-Week Precious Metals Trend Analysis Trading Conclusion:

The price action we have seen this year for both gold and silver indicate were are just warming up for something really big to happen. It could be a massive parabolic rally to ridiculous new highs in 2012 or it could be a large unwinding of the safe havens as countries sort out their issues and the big money starts moving out of metals and into currencies and stocks.

Only time will tell and that is why I analyze the market multiple times per week to stay on top of both long term and short term trends. So if you want to keep up with current trends and trades for gold, silver, oil, bonds and the stocks market check out TGAOG at: www.thegoldandoilguy.com/trade-money-emotions.php

Chris Vermeulen
Article Source: http://www.articlesbase.com/investing-articles/gold-silver-pullback-as-forecasted-now-for-the-big-opportunity-5253719.html
About the Author
Chris Vermeulen is Founder of the popular trading site http://www.thegoldandoilguy.com. There he shares his highly successful, low-risk trading method. Since 2001 Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris\\' uniquely consistent investment opportunities that carry exceptionally low risk and high return. Reach Chris at: Chris[at]theGoildAndOilGuy[dot]com

Building Trust in Business – A Key to Get Succeed In Business

Author:

SamOnofre
Development of business is influenced by quality of products or services, credibility, awareness among the customers about the business and of course the trust. Trust is the basis for any kind of successful relationship, where business is not an exception. Eventually building trust in business is the key for a development and succession of any business.

Moreover, building trust in business is a crucial factor for online or home based business. It is a known fact that more than 50of home based online business and internet marketing are found fake and scam. For instance, a weight loss product claims to reduce pounds in less than a week but it never offers the promised result. Ultimately, people tend to lose trust or don\'t have trust over such kind of similar businesses. Alternatively, there are several similar sorts of successful businesses with prospective customers, where the major reason is the greater quotient of trust on the business.

Following are the few things to be considered towards building trust in business:

Effective communication – Proper and effective means of communication is not only the important marketing and promotional tool for developing business. It also assists in building trust in business relationship.

Trusting others – The business owner should trust others, such as employees, suppliers, customers, which in turn result with building trust on his or her business.

Establish and follow business ethics – Immoral or fraudulent activities of any business pull down the credibility of the business. Following business ethics develops a healthier environment and cordial relationship beyond building trust.

Honest and transparency – Honesty is the best policy. The famous proverb is applicable for building trust in business. Honesty with openness generates strong relationship with great support.

Give away promotional gifts – Promotional gifts are the ideal choice of products to develop the customer relationship. A box of delicious and sweet candies or customized key chains, or similar gifts with logo of the company can be the start for a long lasting business relationship.

Make your presence – Hidden businesses or businessmen never get succeed. Make your presence through online marketing, media, social networking, advertisement hoardings, promotional campaigns, etc. Any business with recurrent presence in different sources can obviously result in building trust in such business.

Building trust in business brings enormous benefits to it. Customers have great confidence in whatever they trust. Any minor breakdown of trust can result a great fall or sometimes complete breakdown of business. Trust acts as a motivational factor for employees. Credibility of a business is obviously hinged on trust. To get your business flourish, building trust in business is an integral and irremovable aspect.
Article Source: http://www.articlesbase.com/wealth-building-articles/building-trust-in-business-a-key-to-get-succeed-in-business-5248024.html
About the Author
For related information on building trust in business' and high trust selling, follow the links.

Financial Freedom Tips

Author:

Juste Thales
You are in the right place if you are looking for tips to easily follow and get your financial freedom. The means to achieve it, are still not the same for everyone, but the following rules apply to all. At least for those who want to get rid of all their financial problems today:

- Make a budget based on your actual needs

A budget is a tool to help you achieve your financial goals. It\'s like a compass to guide you and help you make your financial management of your income and gains efficient. You need to know where your money goes, if you want to pay off debts . Start today therefore to establish your budget and commit to strictly observe it.

- Reduce the size of your expenses and live under your means

If you want to accumulate wealth, it is important to spend less than you earn. Do the math of exactly how much you need money to live and make sure that your income is higher. Otherwise you will not be able to get your financial freedom.
Do not make everyday spending on needs that are not really important to you. So you eliminate your unnecessary expenses and increase your income  and your savings over. Be a good management of what you have and at the best way. Get rid of all unnecessary debt. Sell ​​your unnecessary properties that create you too many charges and buy other.

- Don\'t work for  money but let money work for you

Learn and get all the necessary knowleage aboutfinancial freedom and how to earn more money. Go to the library and bookstores and find books that are devoted to strengthening and principles of wealth. Once you get a better understanding of how money really works, you\'ll take more profitable and beneficial decisions.

- Increase your income wisely without increasing the related charges

Now that you have eliminated all unnecessary expenses and unimportant, and you have gained financial education, it is time to increase your income. Work some extra hours or find another part time job. You can also discover on this website many opportunities to invest online and increase your income. This process will add another source of income to your household. Put it aside. It will be very useful in the future.

- Establish an action plan now

You must integrate the above steps in a realistic action plan. And be professional in establishing self-discipline for yourself. The plan must be dated and signed by you and your spouse if possible. Most people fail because they have no real plan and have no self-discipline to follow a decision. Do not act so. Take your pen and write your action plan now.
It is always acting from moment to moment you can really get your financial freedom.

Here are the golden rules to become rich. Follow these tips and incorporate into your life and you'll achieve your financial freedom. This is the main foundation that you must follow to get your financial freedom.
Article Source: http://www.articlesbase.com/wealth-building-articles/financial-freedom-tips-5240715.html
About the Author
How To Invest Wisely

Benefits of Insurance & Insurance companies

Author:

Andy Robert
The term insurance can be described as the assurance or security from the financial point of view to a particular individual or a family or may be associated with one or more objects to an individual having some personal interest in that object, this assurance becomes effective in case of any unfortunate event. The criteria of availing or becoming eligible for insurance is different in different corners of the world and depending upon the various factors the person getting the insurance should also consider all the clause and terms entitling the insurance policy. However, it is not such a major issue can easily be availed in most of the circumstances. Insurance is a vast and therefore it is further categorized into few other divisions, some of the most common ones include Life insurance, vehicle insurance, health insurance and property insurance.

The life insurance companiesin Abu Dhabi have a lot to offer, similar to any other insurance, but for the individual willing to get the insurance must keep in mind a few things that will ultimately enable the insured to assess the amount of cover that has to be purchased, it can easily be evaluated by the life style and individual income. These are the very basic thing that is to be known by the people as it forms the foundation of the policy of any sort of insurance but regrettably most of the times people are unaware of it. The life insurance policy enables a person to provide benefit to the one who is being nominated as the beneficiary, the benefit or compensation is given in the form of fiat money after the death of the person or any such mishap.

Similar to any other country, Abu Dhabi insurance also experiences the different kinds of insurances which also include the life insurance, health insurance and vehicle insurance. Among these three kinds of insurance the most important and essential one is the health insurance as it covers all the expenses related to the medical problems of an individual in which the most common one is the illness that can be cause at point of time. Further more the health insurance policies can be classified on the different kinds of assistance that they provide. UAE health insurance is considered as one of the best insurance policies on the globe as it has three kinds of health insurance coverage plans, these three coverage plans includes guaranteed protection plan, controlled care plans and government sponsored plan.

Moving on to the most common category of insurance which is the vehicle insurance, car insurance is one of the most uncomplicated and straightforward form of insurance and that is the reason why is comparatively much more easier and simpler to find car insurance companies and get the vehicle insured at the best of availability and convenience. However, it is not necessary that the vehicle insurance policies should be same in all the different region and therefore slight variations are there in all the polices of vehicle insurance but one thing is for sure and common around the globe that the owner of vehicle needs to get his vehicle insured at any cost, it is a kind of pre-requisite of owning a vehicle.
Article Source: http://www.articlesbase.com/insurance-articles/benefits-of-insurance-insurance-companies-5242488.html
About the Author
Author Bio
Andy Robert is a reputed UAE health insurance agent, and has been working in the local Abu Dhabi insurance and Car insurance companies business for the last three years. He has worked as a consultant with a number of reputed financial institutions, and is currently residing in Abu Dhabi.

Different types of protection offered by an auto insurance policy

Author:

Juanita Martinez
In most of the states in the country, the registered drivers are obligated by the state regulations, to purchase auto insurance or vehicle insurance policy. The state law requires a driver to carry a minimum level of auto insurance protection  so as to ensure that cost of damages to people or property in the event of an automobile accident is covered. But, it will be better if an auto driver take out more than the minimum coverage so as to better protect himself/herself or the properties. Like in all other forms of insurance, in auto insurance also, you pay regular premium amounts to the insurer and in return the insurer compensates you for any financial loss that occurs if you get involved in an accident. Since you are mandatory required to keep minimum auto insurance, you must look for affordable auto insurance that will protect you if you meet an accident. If you are a good driver and have not met accidents in recent times, majority of the auto insurance companies will offer you discounts while purchasing an auto insurance policy. Whatsoever, here we discuss the different auto insurance coverages.

Comprehensive coverage

The coverage area of the comprehensive auto insurance policy is very wide. This offers protection to you and pays you with a deductible you choose in the event of an accidental loss to your car if it is stolen, vandalized or is encountered with natural disaster.

Collision coverage

This provides protection for the damages to the policy holder\'s car in case it meets an accident with another car. This coverage reimburses the full cost of repairs and replacement of your car. These coverages are however very expensive.

Uninsured or Under insured Motorist Coverage

Car owners who purchase cheap auto insurance policy are usually under insured and they do not get the required money to pay for the losses if they are involved in accident.  Costs of uninsured or under insured motorist coverage vary state wise and taking out this auto insurance policy is optional. This policy pays for injury to you and the passengers in your car caused by an accident for which your driver is at fault. If you encounter an accident as a pedestrian, you are also protected. At the time of purchasing an auto insurance policy, you must compare the quotes for uninsured or under insured motorist coverage from different companies.

Bodily injury liability

This provides protection to bodily injury. This offers coverage if the driver causes bodily damage to someone else.

Personal injury protection

This provides protection to the driver and the passengers if they are injured in an accident. This provides you the protection in terms of the lost wages, cost of treatment, replacement costs and funeral costs. You can conduct an online research to find the best auto insurance rates.

Property damage liability

If your car is responsible for damages to others\' property, this policy provides you the necessary protection. When you purchase an auto insurance policy, make sure that the policy provides this protection also.
While purchasing an auto insurance policy, it is recommended that you should do necessary research so as to find the best auto insurance quote.
Article Source: http://www.articlesbase.com/insurance-articles/different-types-of-protection-offered-by-an-auto-insurance-policy-5240275.html
About the Author
Juanita Martinez is associated with the AmPmInsure Community and has been offering her suggestion on insurance to the community since 2007. Besides this, she has also written contributory articles for various financial sites. Few of her articles would include names like ‘Ho3 Policy: An open peril insurance\', ‘Insurance for fire damages\' and ‘Buying life insurance on someone without their consent\'.

Investment Advisory Services, Know Them Well

Author:

sophia pell
Investing money in the stock market is something that most of the individuals across the world do. But not all of them know the markets well, despite this they manage to make decent profits. The major contributors for this are the investment advisory services.

Investment advisory services currently form an integral part of the financial bodies in order to help their clients. Generally advice on investing money is provided for a fee or a decided percentage of the money invested by an individual. The investment advisory services provided by organizations comprise of a wide range of services that include: stock market research, analysis, guidance on investments, tracking and recording investments and much more. People who cannot allot time on tracking the changing market trends can hardly do the back end research and plan their investment moves. Investment advisors are the right people to solve such problems.

Investments involve a lot of trust factor between the advisory personnel and the investors, it is thus recommended to do a systematic check of the companies before finalizing them. Some of the below mentioned points can be checked:

•    Check whether the investment advisory company is associated with the national and state level associations for finance investments.

•    Investment advisors need to be certified, they are awarded such certifications only after they prove their expertise. A person has to undergo the specified tests for such certifications which are renewed annually.

•    The financial advisors need to maintain a high level of secrecy as investors handle them a lot of confidential information. Each advisor looks after multiple clients and he should in no way be biased towards any of them.

•    Financial advisors need to be flexible and adaptable to the changing markets. Though they highly influence the client\'s decision in investments, the final call is of the client. The amount of monetary investments may vary with time and so will the advisor\'s fee; such factors should not affect the services he is providing.

The sole aim of Investment advisory bodies is to make investments simple for their customers. This is a complex process no doubt, many people shy away from investing their money fearing they will incur losses. The advisors do not guarantee risk free investments but follow a systematic and calculated approach. This makes it simple for people with no or very less knowledge about investing to understand and decide where to put in their money.

In a nut shell a financial advisory is here to help you invest in the right companies. There are thousands of sectors and companies and all of them seem to promise you good returns. Do not fall for such tall claims or try to become a financial market expert by risking your hard earned cash.
Article Source: http://www.articlesbase.com/investing-articles/investment-advisory-services-know-them-well-5234866.html
About the Author
The companies and institutions need the investment advisory services to keep the record on equity capital markets.

Self Employed Loans - Getting Money in No Time

Author:

Roy Miller
If a person has committed defaults on payments on the past, then he would have a bad financial record which would hamper his chances of future dealings with banks. Non-payment of funds, late payments and other such errors are all taken into account. However, many people go through this problem and hence, there is a solution for them. self employed loans are those advances that can be provided to the people irrespective of their credit history.

Anyone can take up loans for low income and there is no need to worry about non-acceptance of applications as this would happen. One would need to provide identification as well as an address proof. The details are then verified so that the process can get started immediately. Since there is no check done on credit history, there is no wastage of time. One can get the money that he needs almost as soon as he asks for it.

The great advantage about bad credit loans is that one can carry on transactions easily through different media. One does not have to always go to the banks. Instead, one can make transactions online through the internet, telephonic conversation or even via a text message. Hence, a person has many options when it comes to obtaining the money that he desires in this sort of dealing. The process of borrowing on the whole becomes easy and less of a hassle. Everyone can make use of these types of schemes because the advantages are many and they provide financial help to people when they need it the most.

With this finance, one can cover expenses that arise on our daily lives. One can make use of the money in order to pay for food, housing bills and so on. The repayment term is flexible for many lenders and hence one can pay back the money without any stress of not being able to come up with the needed amount in due time.

Self employed loans offer a high risk for the lenders. With people who have bad credit history the risk is always high. Also there is the fact that no security is placed on any asset. Hence, to neutralize this high risk, the rates of interest are quoted quite high. If one does a search on the internet for different lenders, he would find that there are many institutions willing to offer some reasonable interest rates. Hence, one must do a thorough search before dealing with a particular lender and also do prior research on them as well.
Article Source: http://www.articlesbase.com/loans-articles/self-employed-loans-getting-money-in-no-time-5233059.html
About the Author
Roy Miller is financial adviser of Loans By The Web. Please here to know more about self employed loans, loans for low income, unsecured loans and bad credit loans

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