Forex...well sorta...spot gold against the USD at Nobullshit Network Forum

Adam · 06-01-2008, 06:56 AM

Hi All,

I’ll posts some statistics on the New Millennium Gold Rush system for those that are interested in just what sort of results this simple system turns. With the recent rallies on gold most of our clients have had their targets hit for nice gains with just 5 minutes invested to manage the system this month.

The New Millennium Gold Rush eBook is specifically designed for complete beginners to take charge of their own accounts and employ a simple long term buy only gold strategy. If your view is in the bulls camp but you haven’t yet employed a strategy to ride the trend or feel that you don’t have smarts, well I’m here to tell you that the gold rush system has taken complete beginners and turned them into effective long term gold bulls, with little effort required monthly.

So how has it done? Well, I started a demo account for open access to New Millennium Inc clients to show the system in action on a relatively low leverage account. Since the beggining of the year, here are the stats:

January 2008 4.8%
February 2008 8.2%
March 2008 4.3%
April 2008 4.3%
May 2008 4.0%

Click here for more details on trades.

Backtest from prior 2008 show equally, if not more impressive results.

Just where are we with gold? - click here

Now the results are not going to set you hair on fire, but most would agree that a 5% a month average is a solid return. For those of you seeking larger returns, well you could have doubled that leverage and survived even the pull back from the $1032 high which is true testament to the robustness of the this long only gold system.

So, I ask you, just what are you waiting for?

Cheers, Adam

jazzz · 04-22-2009, 12:13 PM

It was a surprise for all forex online traders and market followers when there was sudden drop in U.S. retail sales, which hasn’t provided much support to the gold prices as it continued to lose its position. It is observed that the overnight moves were comparatively subdued as gold prices shown some modest strength. However, Gold traders were little upset as the prices were unable to hold its gains above $900 per ounce. Gains were marked at $899.70, during the Asian forex trading session.

Gold prices experienced a sharp turn down before the opening of the North American session. I believe it was due to the disappointing retail sales figures, however they provided some short-term support to the prices initially, but they once again turned to the lower end of Tuesday's range, balancing around $890.

Read more at: Weaker Retail Sales Pressurized Gold Prices but Dollar Downfall Supported it « Forex Cash Machine: Ultimate Guide to Daily FX Updates

jazzz · 06-08-2009, 11:04 AM

The Dollar gained back some of the recent losses on Wednesday, as it retrieved more than 1% of the recent month long 8% slide against a basket of currencies. A broad selloff in equities revived the safe-haven appeal the US currency enjoys. A falloff in oil prices helped the dollar make sharp gains against the commodity currencies and contributed to the steep rise in the ICE index.

Also contributing to the rise in the Dollar on Wednesday was comments from several Asian governments, reaffirming their policies of investing in US debt instruments. China, Japan, India and South Korea said that even if Moody’s or Standard and Poor’s cut the US’s “AAA” rating, it would not prevent them from investing in the US for the long term.

And, more news for Forex Online traders: at 10:30 PM GMT, the ICE Dollar Index, which measures the Dollar against six other currencies, was up 1.02% to 78.94. The Dollar was up .3% to the Yen to 95.84, up 1.9% to the Pound to 1.6269, up 2.9% to the Canadian Dollar to 1.1109, and up 4.2% to the New Zealand Dollar to .6299.