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Originally Posted by GPang
It think its a about the same but from what i hear...its a good time to trade gold now..
never got into it...only did stocks, forex and some options.
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Options to me are difficult, but you can see much larger gains with options than with stocks. Some people turn 300% in a matter of days. Look into some other commodities that will inflate as the economy gets worse. Corn, wheat and soy will go up as the economy worsens so those commodities will be something to look into.
If you are looking to start trading them...commodities trade on the chicago board of trade. Commodities will trade very simular to stocks. People buy and sell them on a daily basis under certain symbols. nymex crude is like cyk8 for example and gold is gcm8...thats about all i can tell you about commodities.
Gold has dropped hardcore in the last week...a little over $100 an ounce. It was up a little today (like 10 cents) and the market was all over the place. Started off then went straight into the negative then it gained then it dipped into negative again and ended up closing just above fair value. An ISM report came out today that suprised a lot of people and john thain (merril lynch CEO) came out and talked telling people that ML doesn't need to raise capital as they are doing fine. Those two things ended up pulling the market back into the positives. If those two things had not happened the market probably would have had a pretty bad day as jobless claim numbers were aweful and way out of line from analyst estimates.