Search results

Now I feel even better about it. It seem to be when the technicals to buy are the strongest, that the pullback arrives. So hoping the opposite is therefore also true.

Well, it took longer than expected but I have bought back all my gold.ax for around 11% less than I sold it for. I'll sell it when we see the next spike and everyone starts talking gold again.

I have mostly $200 coins from the 80's. I picked most of the up for face value from the banks. They were glad to get rid of them. Collectors had been holding them for years and when the gold price dropped to $140 per coin, they could only redeem them for face value. Scored about 10 of them...

This is why I tend to top up on my 'trading' gold when there isn't much talk about it. When all the forums are buzzing about gold, I take profits as hard as that is to do. Gold wasn't looking like it was going anywhere 6 months ago at $1200, trying to start a conversation about it would have...

You'll get all sorts of answers on this. At the moment people are investing in these metals because of inflation fears and safety so it doesnt really matter which you buy. For what its worth, silver has outperformed gold by about 30% over the last 20 years but its been pretty random and...

If using that chart as a comparison to now it pays to know the following The share market boom in the years preceding the 1929 crash was huge. It had risen a few hundred percent in the few years prior. So all the crash did was wipe out most of the gains from those preceding few years. It...

depends on the current volatility. When things are steady, a dip may be 3%. These days, a dip is more like 7-10%.

I rarely do pick the bottom of a dip, and when I do its probably just luck. If there is a market dip and all other of my criteria are satisfied, thats when I buy.

Note to self: avoid using Buffetts name on SS or suffer the strawman response.

Ok, here is my "secret" formula. It has come from a lot of education and experience so am happy to share it because I have found most people will misinterpret aspects of my strategy anyway. Not in any particular order - I don't follow charts but look at them out of interest. I don't...

Not just Buffett, many others use this strategy. Its just that Buffett was probably the first to document it that I'm aware of so he tends to get all the credit. I am a value investor at heart, and buying cheap and selling expensive has worked pretty well for most people, including me.

Well, investing in shares since about 95, I have learned, it can pay to let a rising investment run. But it also pays to know how to value a company as well, so as soon as I feel its overpriced by more than 10% I'm happy to walk away and never look back. I can't claim the credit for that...

I think I have seen all your recent posts on the subject. There are plenty of people who think charts mean something. That is great, it keeps the market nice and liquid and helps the world go round. Some have picked a winner or two so are converted for life, others have been stopped out...

Of course it doesn't always work. Who ever knows with 100% accuracy what will happen? I should also say that those people that sold may still get there chance to buy back cheaper, but they may not. Thats the risks of the sharemarket. In the last 10 years I've traded over 1000 parcels of shares...

Yeah, just the paper. Too hard to trade the physical and I don;t intend on selling that anyway as I couldn;t sleep at night if I didn't have some gold. Tbh, the paper was for trading anyway. Using contrarian indicators to sell and buy on the pullback. Contrarian short term indicators...

I'm not sure what you are trying to show with that chart. It easy to pull out a chart that shows an upward trend in hindsight. Where will it go to from here? To me its no different that going to the casino finding a table that has had 20 reds in a row and saying, "see, if only you'd kept...

$1250 , has pretty much just hit. I predict pull back from here will occur. I sold a lot of my gold today. I will buy back for 10% cheaper in the next 2 weeks.

I've got 50% of my gold in GOLD.ax and the rest in physical gold. Although it is supposed to be a long term holding, if its up tomorrow, I might sell the ETF. I bought it in 2006 so its done its job of protecting me from inflation and then some. I regret not selling my gold.ax when it...