In today's Trade School video, we're going to be looking into what caused the recent meltdown in gold prices. How could gold drop so precipitously in such a short time, given what's going on in the world? Did it have anything to do with the ETF GLD or was a country forced to sell its precious metals to satisfy creditors?
I will share with you how you could have systematically made money in gold using our Trade Triangle technology, which has produced some very positive results over the years.
Since 1975, there have been 13 bear markets with an average drop around 14%. This would put gold below the $1,300 level, around $1,280.
In this short 4 minute video on gold, I will illustrate the importance of having a solid game plan and a market-proven approach. We will go through each trade in gold and share with you the results of using our Trade Triangle approach from the beginning of the year.
This approach is not for everyone, but we think you will agree that the results certainly speak for themselves.
Thanking you in advance for watching this video on the meltdown in gold.