Oil is in a very bear-market free fall that began in June 2014, spearheading the longest trade goods slump in a minimum of a generation. The collapse implies that rather than the surge in shopper costs that gold consumers are expecting for abundant of the past decade, the U.S. is “dis-inflating,” in keeping with Bill Gross, who was running the world’s biggest bond fund.
A look at inflation expectation of gold is headed for the highest drop since 2008. The metals demand by traders as an alternate is fading as the US dollar and equities to bring in to order again. Gold, which surged to a record $1924 an ounce in 2011 is already dropped its gain to $1180 Dec 2014.
There is no denying the economy is unpredictable at best. But not to worry for the binary options traders, this is where we make the best of the market. A smart trader knows when a asset is going on a specific direction, its a good news for us.
So for those of you looking at trading and don’t know what asset to pick to trade, why not give gold and oil a try.