Category Archives: Finance

Top 3 Tips for Reading Gold Trading Trends

Political influencers: Learning through Reusable Plastic Bag initiatives

Reusable plastic bags are at the forefront of current news, being on the radar for meeting the affirmative ‘environmental’ initiatives mandated within Queensland – a positive environmental and economic response of business operations.

The increase of reusable forms of bags could influence commodity trade sector, with respect to the raw materials used in production of these bags (hemp, cotton and bamboo etc), which may directly shift a countries GDP and influence economic conditions, a political factor that can influence commodity pricing and associated trends, and one that we can learn from.

Commodity Trend Identification

Commodity trend identification, when looking at any market (this article looks at Gold specifically), makes room for prediction to inform trade opportunity. Its a process like learning to understand the mechanics that fuel or undermine economic growth, it’s also informed by knowledge such as research, empirical data and processes over time, which develop and inform an approach to quality understanding and decision making.

Ed Seykota – a famous Wall Street Trader once summarised that part of the effectiveness of a trader was their ability to pick trends. By picking trends, shifts can be predicted within the market. This informs the traders ability to leverage underlying knowledge, hidden beneath usual seasonal processes, avoiding being subject to the unseen factors that influence change. Just as “Birds head south for the Winter”, companies and market influencers also have processes that they engage in for their own economic survival.

Successful Trade Starts Here

By spending time with the Gold Price, trade pricing (particularly broker purchase rates as informed by our website’s Gold Calculator), as well as other information distribution and knowledge/market analysis hubs, over time you’ll be able to make more informed decisions around favourable trade conditions.

Some key points to consider when approaching and observing trends include:

  • The length of isolated market trend influencers or the trends themselves. Avoid being misled by market trends being influenced by temporary or spontaneous factors, and look out for prolonged knee-jerk reactions
  • Analyse trends in other markets. This will provide you with unique and comparable insights into gold commodity trends
  • Work out what you need to identify in a market trend, to help maximise peaks and capitalising on high profit opportunity.

The book “Gold Trading Boot Camp How to Master the Basics and Become a Successful Commodities Investor” by Gregory T. Weldon is an unforgettable resource for helping traders not only develop a sixth sense for effective trading, but is a guide informing risk factors, risk mitigation, trend assessment criteria, while exposing factors to look for trade opportunity, helping traders to read the landscape of commodity trading and understand the direct influencers of market fluctuations.

Spot Gold Price Affected by Market Volatility

Stock market volatility

Recently, there’s been a lot of volatility in the stock and amongst the commodities markets. Between Friday and today, there have been stock levels on the Dow and ASX that have experienced substantial declines, losses comparative to those not seen over the past 2 years. The Japanese Nikkei 225 tumbled, leading the Australian market at 2.6% and the US market at 1.6%. This comes just after the US economy showed strengthening and global exchanges such as the Australian dollar followed suit, moving to US80.5c as the Euro found support – directly influenced by the US dollar.

Spot gold price

Gold has experienced it’s share of setbacks too over the past 2 weeks, with commodities being directly influenced by trade markets. Stabilising prices amongst crude oil suppliers were however favourably found, with West Texas in the US stabilising at prices above $US65 a barrel. Commodity pricing was influenced by the stabilising US dollar and the spot price regained composure at $US1350, falling short of a 2 and a half year high.

Highest prices for gold

Here at Brisbane Gold Brokers, we try to help our customers find the right time to sell, and when the market takes a dive, we endeavour to support the highest payouts as we’ve always done, while compensating as best we can for lost margins. If you have any questions around spot pricing, market volatility, influencers in commodity pricing, and of course, wish to bring your gold in for valuing, simply call Brisbane Gold Brokers directly on 1300 88 79 02 or pop in to your nearest branch.

Australia’s Budget 2016 effects on Gold

Budget 2016 expected to be available tonight at 7:30pm Australian Eastern Standard Time and is expected to deliver increased taxes for items such as tobacco (tobacco tax) while also delivering tax cuts for companies (company tax) and average income earners (who make over $80,000 per year). Big infrastructure projects are another expected key highlight of the budget – providing funding for major building projects such as the Ipswich Motorway and other road and rail projects across Australia.

budget 2016
Australia’s budget 2016 effects gold!

What does Australia’s budget 2016 have to do with gold you might ask? There are many factors which connect the two – From taxes to the economy overall.

Australia, the lucky country

In Australia, we are extremely lucky we do not have to pay major taxes on buying or selling gold. In India, sellers of gold and jewellery are going on strike in protest over a gold tax, which forces them to increase the costs of their products by 1%. This is on top of existing import and other taxes! 1 per cent might not seem much, but when its thousands of dollars, it adds up and it makes selling or buying gold less worthwhile. No matter what country, this sort of tax would greatly effect low to medium income earners.

Gold trading expected to increase

In Australia, because low to medium income earners aren’t receiving any tax cuts and will experience most of the tax increases (eg. for purchases Tobacco etc), gold trading is expected to increase to make up for the higher cost of living.

With an increase of gold trading (buying/selling), overall competition for YOUR gold is going to increase. That is great news for YOU and it’s time to use this to YOUR advantage right NOW!

Use the budget 2016 to your advantage

How do you use this opportunity to your advantage? Visit our store or call us right NOW to get the best price possible for your gold! At Brisbane Gold Brokers we always offer the best prices in Brisbane. We have a team of gold professionals that ensure our prices are current and up to date by the minute to sell gold! Our team are always researching the market – identifying trends, changing conditions and aspects that can effect the market. Our team is the best in the business and is part of Brisbane Gold Broker’s industry-leading, unique offering for Brisbane and Australia.

 

Greece debt crisis effect on gold

With the Greece debt crisis popular in the news lately, our staff have often been asked if Greece’s financial problems effect the price of gold and ultimately the payouts they get. We asked Brisbane Gold Broker’s Manager of the gold market research team to answer some of our questions. He was able to provide us some very interesting information:

Whats your role at Brisbane Gold Brokers?

I’m the manager of Brisbane Gold Brokers’s Gold Market Research team. Our team researches the Australian and global gold markets. We look all sorts of factors that may effect the price of gold. We also constantly provide our store the industry’s best gold and silver prices. Our team is working 24/7 to ensure everyone gets the best cash for their gold!

Whats the gold situation in Greece at the moment?

Typically in times of financial crisis people tend to buy high amounts of gold in all forms (rings, jewellery, bullion, etc) to provide them with financial stability. There have been several reports of people in Greece doing exactly this due to whats happening with their banks. People are worried but gold has been sort of a hero during these tough times.

What are people doing with their gold?

I’ve read some reports of people selling their gold to businesses in the US and UK. It wouldn’t be uncommon for Brisbane Gold Brokers to get enquires in terms of distance from locations as far away as Greece! At this time people in Greece would be best to look overseas to sell gold while things are still being sorted out in their home country.

So with the problems in Greece, what does this do to the price of gold there and Australia?

The event has caused the price to flat line due to a number of factors including market uncertainty, interest rates and of course the high amounts of gold circulating in the country. What about Australia? Well, we haven’t seen any real effects, which is great. However, you should always be aware that major financial problems in other countries do have flow on effects globally. If the Greece situation keeps getting worse, it may have an effect on Australia’s gold price.

So is now the time to sell just in case it does get worse?

I believe its always the best time to sell gold, especially due to Brisbane Gold Broker’s high payouts. Simply call or visit Brisbane Gold Brokers with your gold to get the best possible payout. Our gold inspection team are always available to help you get the best payout!