Forex Trading: Gold, all time highs

by Joe Oliver, Forex Trading-Pips

Forex Trading: Gold broke out to new all times again Tuesday with December 2011 futures contract rising above 1900. Gold has entered the parabolic phase of the move as shorts run for cover and investors and speculators seek to protect their wealth against financial turmoil amid speculation that the global economy is slowing. The precious metal is gaining for an 11th year, advancing 34 percent already this year.

Trend followers are reaping huge returns from Gold and other markets using basic trend following strategies.

Forex Trading, Gold daily bars

Forex Trading, Gold daily bars