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Using A Gold Commodity Chart


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Gold Commodity Chart and the Price Of Gold Today

A Gold Commodity Chart goes under the heading of statistics. Like a chart of any commodity it shows how gold has fared in price over a certain period of time. It is set up like a grid, or more simply put with an x and y axis. Not to get overly technical, on a gold chart we would have the years, months or however you want to set it up running under the horizontal bottom line across the chart. Running north to south, or top to bottom on the outside of the vertical line on the left are the dollar amounts (or any other currency like the yen or Euro), that gold has reached in value at that particular time.

Statisticians study commodity charts and equity charts and predict what might happen based on the past. The only problem is that sometimes conditions are very different. We can compare the 1930's to now, but America was a different country back then. A big difference between then and now is that no person walks around at present with gold coins in their pockets as so many did back during the 1930's.

A Gold Commodity Chart is a math teacher's dream when teaching graphs. It would be a line graph running from left to right and heading downward when the price of gold heads down, and upwards with the rise of the price of gold. You can explain the rise and fall of gold in many ways. You can superimpose on the same chart the rise and fall of oil, of the Dow Jones, or anything else and make a correlation. In many cases a gold rise will accompany stocks falling in value, or gold rising with the commodity of oil. But, sometimes because of a disconnect between the U.S. and the rest of the world it does not hold true.

A Gold Commodity Chart is one of many tools for those charting the price of gold if you are into gold trade, trading gold futures, or looking to make a gold investment. What it tells you is all in the eyes of the interpreter.

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