A. There does seem to be a strong correlation between the spreading of the virus versus the increase in the gold price.
In fact, on Friday we saw gold move up over 1% ending at $1,571 per ounce as the number of infected rose to 2,700 cases with over 80 deaths in China.
~ Stock markets closing in the negative over the in Australia, US and China.
Even Hareesh, Head of Commodity Research at Geojit Financial Services had this to say:
"Worries over the spread of new deadly virus in China and fears about its potential economic impact will lift gold's safe haven demand further.
A selloff in equities and other risky assets also prompt investors to trust gold.
At the same time, a strong US dollar may probably limit major gains in the counter."
All these concerns and more will most definitely lead to a rise in demand for gold as investors pile their money into gold as a safe haven.
How I became a professional Forex trader - and how you can do exactly the same
My name’s Timon Rossolimos and I am a professional trader.
I run a small trading newsletter in the heart of Gauteng, Johannesburg, and have been doing so for the past three and a half years.
Before that I managed a restaurant, traded for myself and worked at a few broker houses.
It’s there I first became interested in trading - but with normal trading in shares, not realising just how profitable trading the currency markets could be.
I was trying to find a genuine way to profit from Forex trading among all the misinformation and downright lies bandied about on the web.
What a Trading Tips reader has to share:
"Hi Timon. with respect to the value you bring to Trading Tips... I’m impressed with your persistence and ingenuity! keep up the consummate and professional work and helping people like us learn how to trade even though we are a couple of thousands kilometres away..."
Q "I must say you've captured my full attention to trading - with regards to the MATI Trader System Programme - so much so - that despite my long-long standing decision to never get involved with share market investments after a bitter experience way back in 1999.
I’m now considering starting to put small regular amounts into trading! In saying that, I’m looking for the appropriate tiny start as to the steps you have to go from a newbie to a fairly knowledgeable trader."
A. In my experience, I believe that to learn how to trade successfully only requires these four steps.
These steps include:
To help you find a handful of the top financial markets (stocks, indices, Forex and even crypto-currencies), to trade at the best times (in the morning, late afternoon or before you sleep) according to your daily regime.
To adapt the winning MATI Trader System strategy where you know exactly where to enter and exit your trades with precision each time.
To adapt the essential 3 risk money management rules to boost your winners, cut your losses and grow your million-rand portfolio with ease in the new decade.
To develop the mindset of a profitable trader in a way that you never have to worry about being on the wrong side of a trade again.
Once you've gone through these four easy steps, it will be like a lightbulb has struck your life where you'll realise that successful trading is:
1. Much easier to handle than what you thought.
2. Not worrying about ever asking second opinions from anyone again (including yourself).
3. The most fun you can have making a consistent income with just 10 minutes of your time a day to spare.
Founder, MATI Trader System