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'.
黄金价格一直飙升，目前正处于历史高位左右。许多分析师将这一行情归咎于经典的“避险飞行”。
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.
投资者担心中东地区爆发战争，因此一直在买入黄金。从历史上看，黄金在地缘政治冲突和危机时期曾经出现过反弹。
But many who wish to buy gold don't.
但许多想要购买黄金的人不这样认为。他们认为拥有黄金很复杂，充满风险。他们相信唯一获得金属曝光的方法就是购买黄金硬币或金条，把它们藏在家里或放在保险箱里。
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.
这些投资者是错误的。他们可以像买股票那样轻松地购买黄金。他们可以通过持有SPDR Gold Shares（纳斯达克：GLD）获得曝光。这个ETF旨在跟踪黄金价格。
These investors are wrong.
现在是进入市场的合理时机。
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.
正如图表所示，GLD正在测试重要的218美元水平的支撑位。有很大的机会突破这一阻力并交易至新的历史高位。
And now may be a logical time to get in.
支撑位意味着在或者围绕这个价格，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'
阅读更多：巴里克CEO谈高黄金价格，以及他为什么说矿工被低估了：“你可以免费得到很多东西”
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.
如图所示，GLD正在测试重要的218美元水平的支撑位。有很大的机会突破这一阻力并交易至新的历史高位。
Resistance means that at, or around this price, there is a large concentration of people who want to sell.
支撑位意味着在或者围绕这个价格，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.
当市场上涨时，没有足够的供应或卖单可以满足所有的需求或买单。想要购买的人需要支付越来越高的价格来吸引卖家。
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.
但当市场达到支撑位时，这一动态就会改变。供给足以满足所有需求。这就是为什么涨势在达到支撑位时往往会停滞甚至可能反转的原因。
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.
如果市场突破或交易超过支撑位，鉴于当前的地缘政治关切，黄金很有可能会突破阻力，这表明这一大群卖家已经离场。他们走了。他们要么取消了订单，要么已经完成了订单。
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.
由于周围没有卖家，买家面临的问题是：他们不得不支付更高的价格来吸引卖家进入市场。这可能迫使形成新的上涨趋势。
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.
想购买黄金的人不需要亲自提取这种金属，他们可以通过持有SPDR GLD ETF，从黄金上涨中获利。
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