Wild markets, eh? Currencies swinging like crazy, gold gyrating, roller-coaster moves in the grains. And the Dow Jones can’t figure out whether it’s coming or going.
No problem! If you’re a seasoned trader and investor like me, wild swings can make you a fortune. Quick in and out trading. Gotta love it!
But real wealth is accumulated on the longer-term trends. Right now, for instance, keep your eye on gold. If it holds support at the previous low of $846.50, on any dip Buy, BUY, BUY!
Also, very important, China’s stock markets are pulling back right now, after having gained 22% in three weeks. It’s just a pullback — and a great way to position yourself for the coming new bull leg up in China.
I like the FTSE/Xinhua China 25 Exchange-Traded Fund (FXI) the best. I would buy it right here, at 153 and change.
Related Posts
- China to corner the world’s gold market (10/17/08)
- China promotes own currency; buying gold … (09/14/09)
- Here’s more on China, just in … (07/24/08)
- Gold Demand Exploding Higher! (11/20/08)
- China: Time to get in – NOW! (07/01/08)
