Evlampius (24.35)

Evlampius's CAPS Blog

Gold trade from July and now

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February 06, 2012 – Comments (2)

So I just reviewed my last posts and in July I was asking whether one should be buying gold.
back in July it was ~1600 now its 1720 so about 7.5% return. Thats a better return than Long bond at 3% no???

What do you, investors, think about gold now? is it still a buy or should one be selling gold now?

thank you.

2 Comments – Post Your Own

#1) On February 06, 2012 at 5:06 PM, MoneyWorksforMe (90.30) wrote:

Gold and especially silver, are good buys here. A nice sell-off on friday set us up for strong buying opportunities over the short term. Continue to accumulate on dips.

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#2) On February 06, 2012 at 8:54 PM, Frankydontfailme (26.14) wrote:

First off, no one knows.

It depends on your time frame.

I believe it is a great long term hold (next three years).

I suspect it will go higher in the next few months also.

That being said, I fear, it will correct severely when the market finally rolls over (more and more 2012 looks likes 2011). Even so, I doubt it goes lower than 1500.

Best bet will be to dollar cost average anyway.

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