Let's face it, without change, there can be no opportunity. As traders and investors, we need to see change in order to make money.
One potential opportunity in 2014 could be gold. In 2013, gold suffered what was perhaps its worst performance as an asset in decades, losing over 25% of its value for the year. This was the first time that gold had a year-to-year loss that I can remember. So in 2014, the question has to be, what's going on with gold and is it going to redeem itself?
Looking at the chart which begins in July of 2012, you can see that gold hit its high and then basically for the next 15 months moved consecutively lower. This high is not the all-time high that was seen in August of 2011 at $1904, but the most significant high for our chart work. Continue reading "Change = Opportunity = Gold"