Gold Correction Now More Likely than Not [View article]
Great article, but if a person is making a investment for the long term, this could be a good entry point, if this is a healthy bull market correction, 939.00 to 930.00, should be the risk on the down side, The $950.00 area would be a area where a person could start getting their feet wet. When gold breaks out above the $1006.00 to $1010.00 the buying could pick up and then the $1000.00 would be a strong support level. I agree with everything KELM said especially the analysts advising to take profits.
Bailouts, Inflation and a Golden Future [View article]
It appears that Obama's support ratings are falling and falling fast, When the news of the bailout is in and final, it won't be good enough for the american people. Sell the news. ( stockmarket)
Well it looks as though gold will retest it's previous lows,that is how it looks today.But at some point gold will establish a low(bottom) and confirm that bottom by bouncing off of it and then creating higher highs and higher lows.The oppurtunity for large gains in precious metels usually comes when we are comming out of a recession, fore inflation is a by product of a recession. Therefore the price of gold still searching for a bottom,would indicate that we are not even half way through the current recession. Thus dollar cost averaging should be part of your portfolio strategy ingold,it appears another buying opportunity right around the corner. The hurry up and pass the next stimulus package is like dejavu, I hope the next adminstration can at least tell the american people where their tax dollars are being spent. Sooner or later the american people will figure out that the current economic model is not one which was designed to last for ever and will finally need to be completely overhauled, much like the Roman empire failed,the current american consumer model will fail as well. The longer we prolong the pain the more it will hurt when it finally does fail. Noone seems to understand that you can not borrow your way out of debt!!!
Gold Correction Now More Likely than Not [View article]
No Gold Bubble [View article]
Bailouts, Inflation and a Golden Future [View article]
Gold as a Truly Last Resort [View article]
Don't Miss the Coming Gold Bull [View article]