Binary Options for Trading Oil

Crude Oil Cartoon

Of all the possible binary options that you can trade, the commodities I find the most interesting. While gold and oil are the most basic commodities, there are also other possibilities such as silver, pork bellies, concentrated orange juice, which are not traded as binary options on all sites. It is important that you understand the market and are able to read the graphs in order to know which binary options you ought to trade and which ones your ought to avoid. Once you understand these basic principles, you are more ready to trade binary options, but not completely ready. For that you need to learn more and understand the markets entirely.

Who died and made GOLD the new boss?

Drink that gold market dry using Binary Options

HOUSTON: While many analysts have forecast that gold prices will eventually hit USD 3,000 an ounce, after hitting a record USD 1,800/ounce last week, economic experts at Kansas State University have warned that it is only a matter of time before the bubble bursts.

The huge federal deficit and a deteriorating economy have made many investors fearful of the US economy entering a period of stagnation, driving stock prices downward, said Lloyd Thomas, an economics professor at Kansas State University.

In this period of uncertainty, many are selling stocks and corporate bonds and putting their money into gold.

Recently, gold prices skyrocketed to as high as USD 1,800 an ounce and Thomas said the price might continue to creep higher as economic concerns grow.

"People believe that gold is a hedge against uncertain times," he said.

"In the long run, gold prices have kept pace with inflation. People are flocking to it," he added.

"But in 2000, the price of gold was USD 300 an ounce. It has gone up six-fold since then and it might go up higher than what it is right now. It's gone up too fast -- it's a bubble," he claimed.

Thomas compared his gold prediction to the housing market.

"People were lulled into thinking housing prices could never fall, but they fell more than 30 per cent in most American cities. The same thing could happen to gold; it's not risk-free," he said.

"In the last 10 years it's gone up 17 per cent a year, but the price of things we purchase has only gone up 3 per cent a year. That's unsustainable. It's my own opinion that gold prices will collapse -- I just don't know when," Thomas said. 

Read the full article on The Economic Times