September 03, 2009
– Comments (1) |
RELATED TICKERS: GLD
Why is it scary? Because that could spell for more bloody down days ahead for 2nd week of Sept. as people sell stocks for the safety of Gold.
I believe there are two ways to look at this:
1) People are selling perfectly good companies thus driving down the share prices. This could be a good thing for buyers looking for a better entry point on those very companies.
2) This could be the beginning of a surge in the price of gold and silver. This could be your last good chance to increase your position before prices get out of hand. It is important not to buy deep into a trend.
Either way you look at it you can now make a decision that should profit you down the road. You just have to decide to catch the express train that is about the leave the station or wait a little longer to by a discount ticket for a different one.