How To Profit From A Move Higher In Gold Without Owning Any
How To Profit From A Move Higher In Gold Without Owning Any
Gold prices have been soaring and are currently trading around all-time highs. Many analysts attribute this move as a classic 'flight to safety'.
黃金價格一直飆升，目前正處於歷史高位左右。許多分析師將這一行情歸咎於經典的「避險飛行」。
Investors fear an outbreak of war in the Middle East so they have been buying gold. Historically, gold has rallied in times of geopolitical conflict and crisis.
投資者擔心中東地區爆發戰爭，因此一直在買入黃金。從歷史上看，黃金在地緣政治衝突和危機時期曾經出現過反彈。
But many who wish to buy gold don't.
但許多想要購買黃金的人不這樣認爲。他們認爲擁有黃金很複雜，充滿風險。他們相信唯一獲得金屬曝光的方法就是購買黃金硬幣或金條，把它們藏在家裏或放在保險箱裏。
They think that owning gold is complicated and risky. They believe that the only way they can get exposure to the metal is by buying gold coins or bars and hiding them in their house or putting them in a safe deposit box.
這些投資者是錯誤的。他們可以像買股票那樣輕鬆地購買黃金。他們可以通過持有SPDR Gold Shares（納斯達克：GLD）獲得曝光。這個ETF旨在跟蹤黃金價格。
These investors are wrong.
現在是進入市場的合理時機。
There is a way to buy it that is just as easy as buying a stock. They can get exposure by owning the SPDR Gold Shares (NASDAQ:GLD). This ETF is designed to track the price of gold.
正如圖表所示，GLD正在測試重要的218美元水平的支撐位。有很大的機會突破這一阻力並交易至新的歷史高位。
And now may be a logical time to get in.
支撐位意味着在或者圍繞這個價格，有很多人想要出售。
Read Also: Barrick CEO On High Gold Prices, Why He Says The Miner Is Undervalued: 'You Get A Lot For Free'
閱讀更多：巴里克CEO談高黃金價格，以及他爲什麼說礦工被低估了：「你可以免費得到很多東西」
As you can see on the chart, GLD is testing resistance around the important $218 level. There's a good chance that it breaks this resistance and trades at new all-time highs.
如圖所示，GLD正在測試重要的218美元水平的支撐位。有很大的機會突破這一阻力並交易至新的歷史高位。
Resistance means that at, or around this price, there is a large concentration of people who want to sell.
支撐位意味着在或者圍繞這個價格，有很多人想要出售。
When a market is moving higher, there isn't enough supply or sell orders to fill all the demand or buy orders. People who wish to buy need to pay successively higher prices to attract sellers.
當市場上漲時，沒有足夠的供應或賣單可以滿足所有的需求或買單。想要購買的人需要支付越來越高的價格來吸引賣家。
But when a market reaches a resistance level, the dynamic changes. There is enough supply to fill all the demand. This is why rallies tend to pause and possibly even reverse when they reach them.
但當市場達到支撐位時，這一動態就會改變。供給足以滿足所有需求。這就是爲什麼漲勢在達到支撐位時往往會停滯甚至可能反轉的原因。
If the market breaks out or trades above the resistance, and given the current geopolitical concerns there is a good chance that gold does, it shows that this large group of sellers is gone. They are out of the way. They have either canceled or finished their orders.
如果市場突破或交易超過支撐位，鑑於當前的地緣政治關切，黃金很有可能會突破阻力，這表明這一大群賣家已經離場。他們走了。他們要麼取消了訂單，要麼已經完成了訂單。
And with no sellers around, buyers face a dilemma. They will be forced to pay higher prices to draw sellers into the market. This could force a new uptrend to form.
由於周圍沒有賣家，買家面臨的問題是：他們不得不支付更高的價格來吸引賣家進入市場。這可能迫使形成新的上漲趨勢。
People who wish to buy gold don't need to take physical delivery of the metal. They can profit from moves higher in gold by owning the SPDR GLD ETF.
想購買黃金的人不需要親自提取這種金屬，他們可以通過持有SPDR GLD ETF，從黃金上漲中獲利。
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