Fibonacci Financial

Tighten your seat belt and fasten your harness! Gold is about to tank.

And a NEW way to participate. Forex.com has added an exciting new currency pair XAU:USD.

I love the smell of fire sales in precious metals in the morning!

GLD the Gold ETF is ready to break down on a Point and Figure chart. Once the GLD chart prints a trade at 87 gold should be sold. The Commitment of Traders report the last month or so has indicated that speculators have spent there wad and there is not enough money to drive Gold to new highs. Long term support should be between $600 and $700. When Gold get down into this region of course I will be watching the COT activity very closely for commercial accumulation. For long term investors and accumulators this will probably provide a multi-year buying opportunity.

If, you have a portion of your portfolio commited to speculation and you have the requisite experience, there is a new oppotunity out there. Forex.com now offers a gold/dollar currency pair. The XAG:USD can purchased or sold short for only around $200 a contract – check it out! This $200 dollars controls 10 onces of gold. So, a drop from $870 to $650 will provide a profit of around $2,200 dollars ( $220 dollar drop in gold X 10 ounces equals $2,200).

More golden nuggets from your intrepid investment advisor,

MRS

This doesn’t constitute investment advice; but is presented as educational information. This will give you a flavor of the investment management opportunities of working with Fibonacci Financial.

For personal financial planning and asset allocation consulting services email me at:

michael@fibonaccifinancial.com