I’ve always followed stocks along with other asset classes but thinking more about my goal within three years to develop my own commodities trading firm such as a Glencore International my new concentrated focus is the comnodities markets whether it’s metals, agriculture, etc.
Silver has finally started to move in the direction that I wanted which is 32-35 dollars in ounce. The 200 day moving average is around the 30 dollar an ounce so beneath my own range silver may potentially reach another key technical level which is the 200 day moving average.
Platinum has also reached another key technical level around the 1700 dollar per ounce level. A lot of the weakness in the metals market which could be echoed to the rest of the commodity market is the strength of the U.S. dollar along with less general uncertainty in the market with the greece situation having a little bit more visibility after passing critical austerity plans in that country.
Weather never stops. Weather has created problems for several farmers with poor crop plantings and harvest along with food manufacturers with the margins for their goods being put under increasing pressure. Its important to track the weather nationwide along with globally if you can find reputable sources to do so as much as following the capital markets themselves.
As a wrap up. I would wait on not just gold but also silver and platinum. Even though timing the market is a near an impossible task patience is something that can be inacted. The two most important times for an investor is the time in which you buy and the time in the time at which you sell.
I’ll be back on more frequently since I see more and more people become more interested in investing. Remember the idea of investing isn’t necessarily about making a profit as it is about the mitigation of risk that is always prevelant in the market.