A Wealth Building Strategy for You to Use

Here is a wealth building strategy that makes a lot of sense. What do you think?

There is a profit phenomenon that is about to occur. Well-informed people are positioning themselves for this occurrence as I write. This opportunity will be very lucrative and could provide substantial profits of $5,000 or more in the next month alone. The opportunity I am discussing is a worldwide event. It will be written about in almost every major newspaper around the world.

This closely guarded secret wealth building strategy has already generated over $4,550 of profits in the last couple of weeks. While many people were distracted with other economic data, such as the dip in the stock market and the housing market slump, a select few were steadily accumulating thousands of dollars in profits. It is not too late to get in on this money machine.

The phenomenon I am talking about is a commodity called Gold breaking the all-time high of $850 per ounce reached in 1980. Some analyst are predicting that if Gold breaks the all-time record it could go to $1,000 or even $2,000 per ounce by the end of the decade. I am not so sure of this.

I do believe that Gold will break its all-time high of $850. A weak U.S. Dollar tends to cause investors to buy Gold as a hedge for protection. The U.S. Dollar is making record lows, which if this persists, will cause Gold to make record highs. All of this may seem technical but just keep reading.

At the time of this writing Gold is trading at $790.40 per ounce. It has not made it to $800 an ounce. The $800 level is a significant level because it is a psychological point for traders. Usually when a market hits a psychological point it begins to go the opposite direction because some traders take their profits. This is called a correction in the market.

However, once the correction has occurred the market will begin to move in the original direction it was moving before the correction. In other words, Gold will have trouble getting over $800 per ounce. It will hit $800 and stall. It may go a little past $800 to $803 or $805 but then people will start taking profits. This profit-taking will send Gold down below $800.

When Gold begins to go back up, that is the time to buy a contract and ride Gold back up. The intent is to ride Gold up to $850. Each $1 in Gold equates to $100. For example, if Gold goes from $810 to $811 this is $100.

Always hedge your trades so you limit your loss if the trade does not go as planned. Use stop losses or other advance strategies such as options to protect your trades. Protecting your initial investment is the first principle.

Another thing to know is that there are other psychological points from $800 to $850. To be safe be extra cautious around the nice round numbers such as $810, $820, etc. Remember to move your stop losses up in order to protect your profits as Gold moves up in price.

Finally, when Gold breaks the $850 price level you will see and hear it reported in every major newspaper and media outlet. By properly preparing yourself for this opportunity you could make $5,000 or more in the next 30 days.

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David Wells has taught others how to establish a consistent money earning formula for them. Learn some wealth building strategies and money making secrets that will support you when times are good or when times are bad. Go here now. www.themoneymotivator.com