Posted on 27 March 2012 with no comments from readers
ArabianMoney editor and publisher Peter Cooper hosts a wide ranging interview with the head of precious metals at Emirates NBD, one of the largest banks in the Middle East, Gerhard Schubert. A true precious metals’ veteran Mr Schubert was the last person to trade silver at $52 its all-time high in 1980.
There are some assets that are always popular choices among the investors. And then there are other assets that are undervalued for a long time till a sudden boom makes heads turn. When the cryptocurrencies were first introduced, while many saw them as scams there were some that grabbed the opportunity. By investing just a few dollars they could obtain a stash of cryptocurrency tokens for themselves. The way the currencies then grew within a few months then caught the attention of the other investors that were earlier hesitant. Situation started getting even better and from there, there has been no turning back. These cryptocurrencies have surpassed the imagination of investors and have given them profits they had never even predicted. And now to up the ante there are the automated crypto trading bots like Bitcoin Trader which are attracting people with zero knowledge about crypto currencies to invest in them.
But do these trading bots really work?
If you are a trader trading in any asset – cryptocurrency or stocks or commodities, how do you make a decision? You would watch the market and study the graphs to understand price movements. Then you would look at the technical indicators to understand whether the asset is strong or weak and whether it is a bullish or a bearish market. And finally you would make sure that it is not overbought or oversold and then make a decision accordingly. This detailed study is what happens internally within a trading bot. The code is written to enable machines to perform this study so that the trader can be relieved of a few responsibilities.
Getting back to the precious metals market, the price to trade silver back in 1980 was indeed a golden opportunity.
Such credentials count in the precious metals’ market. He thinks there is every reason to be confident about future price increases with the possibility of a strike by Israel on Iran this summer one factor supporting the market, and with the potential to send prices very much higher, although these remarks got cut off from the interview…