InvestBaboo

Why Gold Enthusiasm Is 'Cool' Again

All this theorization is good but I hasten to point out that Gold has strong buy signals and technical metrics on both daily and weekly charts. Every single listed Gold miner I could find is a buy on the charts. So I shut my eyes and loaded up on a bunch of Gold miners a couple of weeks back, posted as such on my blog urging readers to buy, and was handsomely rewarded for trusting the charts. During the same time the major indices retrenched a bit so what should have been a loss week actually became a profitable week thanks to the investment in Gold. What this points out is that Gold is a great hedge against MARKET UNCERTAINTY. Infllation while not a threat now is coming down the road. The massive decline in supply side investments in commodities with the current economic downturn will come to haunt us a few months down the road in terms of scarcity and higher prices. So there are plenty of reasons to buy Gold now.