The consolidation in the Gold price has sure gotten our attention of late.
Perhaps this latest sell-off in Gold should also grab the attention those underinvested or late to the game that have been waiting for better entry points.
Physical Gold (not GLD or paper futures) is simply a staple insurance product like "life" or "home" to which everyone should reflexively allocate and rebalance on occasion, 10% - 20% of their entire net worth.
This GOLD screen cast pretty much nailed the recent 1522 low, which implied a rather nice rally after doing so, and that's exactly what we got. NOTE: adjust player setting to 480p for the best resolution.
Want to take a Free "Zero-to-Sexy" Test Drive through some of the best chart work, forecasting, and trading guidance in all timeframes. Just "Like Us" on Facebook and you're off to the races.
Until Next Time,
Trade Better / Invest Smarter
Disclosure: I am long GOLD.