Some Things Behind Bullish Gold| KOL Forex Analysis•Jasper Lo

Gold prices keep on the run up to other fresh highs after recording $1,920 on July 27. As of the time of writing, gold spot prices have set a new historic record of $2,075.00 for the moment on August 6, while COMEX Gold futures saw its most trading volume in December with the record high of $2,089.20. Financial markets are now enthused to discuss when gold will find its peak？

Currently, rational analyses suggest that gold prices will peak at $2,100-2,300. In other words, it may shrink at any time. Thus day traders should stay circumspect and prepare themselves to preempt risks and losses at every step. On the contrary, some other analyses exaggerate the peak at $3,000-10,000 for eye catching. I cannot deny them as they are possible to be true after decades. For the foreseeable future, however, they can find no chance unless there is a large-scale military conflict among nations in the short term.

Long-term investors might go bargaining hunting after the sharp correction in gold prices. Here are some suggestions for them:

Firstly, dont hold physical gold. Such way costs most considering the spreads and storage.

Secondly, many gold mining stocks may not fully catch the uptrend of gold prices. Whats worse, some of them are just nominally called so but taking other mineral products as the major part indeed while only keeping a fraction of gold. In this regard, it is necessary to check relevant company information before purchases.

Thirdly, gold holders with a long time horizon might think about the related ETF. It is quite suitable to be held for the long term because of its close lockstep with gold prices.

[About The Author]

Since 1987, Jasper Lo has been engaged in the financial industry

(forex, futures and gold) for more than 32 years and holds forex R.O.,

securities and futures broker licenses. Mr Lo is an expert in trading

forex, precious metals and commodity futures and an basic and technical

analyst.

Over the years, Mr Lo won many individual and team sales champion

awards, as well as outstanding employee awards. He was invited, as a

guest mentor, to the University of Hong Kong, Guangdong Ocean University

and Guangzhou Jinan University. And he was also appointed as the chief

training consultant by Hantang Securities and Dongguan Securities in

China.

Mr Lo's experience as guest of honor invited by media including Chinese and English newspapers and columnist:

-Guest of honor invited by TVB New Channels such as Finance Channel, Forex Focus, Global Watch

-Guest of honor invited by Now Finance Channel - Forex Reports

-Guest of honor invited by i-CABLE Finance Info Channel - Forex Opportunities

-Guest of honor invited by ViuTV - Investor Smarter Group

-Columnist of Finance and Forex Market of Ming Pao

-Presenter of Finance and Forex Forecast of Ming Pao

-Presenter of Investment 36 Stratagem and Technical Analysis in 1 Min of Ming Bao Finance

-Appointed lecturer of Ming Pao Investment Seminar and Paid Course

-Author of the best seller Investment 36 Stratagem

-Columnist of Forex Expert, Forex Analyst, Marathon Weekly of ET Net

-Guest of honor of Open Good Morning of ET Net

-Guest of honor of Metro Finance Channel - Market Opening, Instant

Market Fighting, Guangdong-Hong Kong Finance, Finances Power, Market

Analysis

-Guest of honor of New Era of Investment of RTHK

-Columnist of Capital Commodities of Capital Weekly

-Guest Presenter of Wang Guanyi Online Finance Channel - Fund and Commercial Bond

-Columnist of Wealthub Finance and Investment Smart Platform of Enrich Culture

-Guest presenter of Weekly Investment in the World of Enrich Culture

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