Hi guys, hi from Andrea Unger! Today, I would like to answer to all those people who often ask me what is my opinion about the Gold and if I think that investing in Gold can be convenient.
Some people, when they know what I do for a living, start asking questions.
Professional journalists on TV channels or at Expos ask me things such as “Where do you think the e-Mini S&P will be in one month?” or “Do you think this is a good moment to invest in gold?” Friends ask me “Oh, could you give me some tips? What stocks should I buy right now?” and so on.
I’m sorry to say that I can’t answer these questions.
Why I Can’t Tell If Investing In Gold Can Be Convenient
First, I don’t know the fundamentals of economics enough, in order to have an idea of what kind of moves would take place.
Second, my approach to trading is systematic. This means that I study how the markets move and I try to take advantage of it. So, I don’t care where a market will be in one month or so.
I just try to move the best I can seeing how the markets are moving in the present. In Systematic trading, you don’t forecast market movements. You simply follow what the market is already showing, you follow the trend. So, you don’t need to guess what the trend will be.
These are the reasons why I can’t tell you if it’s a good moment for investing in Gold or where the e-Mini S&P is heading up in one month.
I’m simply trying to do the best in a day-by-day environment.
Goodbye from Andrea Unger and stay tuned!