Sunshine Profits

If you want to be an effective and profitable investor you should look at the situation from different perspectives and make sure that the actions that you are about to take is really justified.

Yesterday, gold climbed up to over $1,347 per ounce after the U.S. dollar slipped against other currencies.

According to CNBC, the recent volatility in gold prices has left not only investors and traders puzzled about what is going on with the precious metal.

The most important Wednesday’s event was Ben Bernanke‘s testimony.

Last week the price of the white metal climbed to an over two-week high after U.S. Federal Reserve Chairman said its huge stimulus program would stay in place for some time. Investors are now focused on Ben Bernanke once again.

It seems that everybody’s hanging on the Fed’s every word.

One of the most important pieces of data last week was Friday’s U.S. non-farm payrolls report.

Despite the lack of trading activity in the United States due to the Independence Day celebrations, yesterday’s session in Europe was very interesting.

Without a doubt, this was a week of strong declines for the yellow metal.

Last week was very disappointing for those who had previously been long precious metals and very profitable for precious metals bears. A lot happened after the FOMC meeting and the Federal Reserve Chairman’s statement on June 19, 2013.