Hi,
Gold market fluctuating more and my investment totally stuck so what should be done?
thanks
Hi,
Gold market fluctuating more and my investment totally stuck so what should be done?
thanks
Hi,
Gold market fluctuating more and my investment totally stuck so what should be done?
thanks
Hi,
Gold market fluctuating more and my investment totally stuck so what should be done?
thanks
buy more, loads of it
Yea, gold is golden long. This exorbitant QE will catch up with the price. Keep buying, take profits with the aim of re-loading during pullbacks. Don't sweat your losses, whatever you do do not get wiped out if you are playing with leverage. So in your big picture keep in mind to restrain your risk so you don't get wiped out if the price dips near support around $1,200. Anticipate holding losses for up to 3 years in a "conservative" worst case scenario.
I think gold is likely to climb upwards of $2,200 at some point before Obama leaves office. A more appropriate valuation is around $2,500. Gold value is being kept down artificially. This will not last, big money can't seem to get enough of gold and will blast the price off in order to take big profits, China most notably will not allow the price to stay in this range for an overly-extended period of time. Once we potentially get back up above $2,000 during the next major bear cycle gold production will be increased, the FED will slow its' role and gold value will fall back down. But as for current long-term prospects gold could not be in a much better position.
Gold is in a bubble that is due to inflate until the FED changes its' policies. All signs point to this year being the ground floor for gold loaders.
I tend to take the view of a trend follower - if it goes up buy it.....if it goes down sell it ......if it is doing nothing ...trade elsewhere
N
Yea, gold is golden long. This exorbitant QE will catch up with the price. Keep buying, take profits with the aim of re-loading during pullbacks. Don't sweat your losses, whatever you do do not get wiped out if you are playing with leverage. So in your big picture keep in mind to restrain your risk so you don't get wiped out if the price dips near support around $1,200. Anticipate holding losses for up to 3 years in a "conservative" worst case scenario.
I think gold is likely to climb upwards of $2,200 at some point before Obama leaves office. A more appropriate valuation is around $2,500. Gold value is being kept down artificially. This will not last, big money can't seem to get enough of gold and will blast the price off in order to take big profits, China most notably will not allow the price to stay in this range for an overly-extended period of time. Once we potentially get back up above $2,000 during the next major bear cycle gold production will be increased, the FED will slow its' role and gold value will fall back down. But as for current long-term prospects gold could not be in a much better position.
Gold is in a bubble that is due to inflate until the FED changes its' policies. All signs point to this year being the ground floor for gold loaders.
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