Don't know what to do with the cash if I sell though.
I really can't believe that I sound like so many prop bulls but if you have nothing better to do with the cash... Don't Sell! hold the gold.
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Don't know what to do with the cash if I sell though.
Nothing new.
I've been a gold bug for many years.
Inspiring, and I'm a gold holder and ultimately bullish on gold, but what this says to me is that either gold is now overpriced, or monetary deflation has been running at a lot more than the reported 3% over the last 10 years, but more like 15%.
Sunfish - i'm heavy in Lithium.
While I'm not predicting it, there is a chance that banks will become insolvent in the next couple of years if and when the property market collapses, and with the goverment guarantee soon to finish, I don't want to be standing in a mile long line at the bank hoping to get my cash out when I can easily hold gold.
You could be on the money but I don't know how to play it. Is that a grey powder? (That's prolly rhodium ) If so you would not want to hold physical, I don't have the guts for futures and I've been too lazy to research the miners.
Almost anything ending in "ium" is getting scarce. I'm in the process of opening an account with a Canadian broker and may lighten up on Redback and dabble in some of their miners and royalty trusts.
Hope it goes well for you.
Personally I think Gold is heading higher in the short term (no pullback to $1000), I don't think we will see back under $1150 in this bull run. Think a run to $1350-1500 is likely before July with a pullback perhaps to $1200ish later in the year then higher again possibly towards a parabolic rise as the final stage of the bull takes hold.very interesting we could see a pull back here then off we go again .as per chart (rough i know)
ps. expect 1250 before pull back .. but !!!
Personally I think Gold is heading higher in the short term (no pullback to $1000), I don't think we will see back under $1150 in this bull run. Think a run to $1350-1500 is likely before July with a pullback perhaps to $1200ish later in the year then higher again possibly towards a parabolic rise as the final stage of the bull takes hold.
Personally I think Gold is heading higher in the short term (no pullback to $1000), I don't think we will see back under $1150 in this bull run. Think a run to $1350-1500 is likely before July with a pullback perhaps to $1200ish later in the year then higher again possibly towards a parabolic rise as the final stage of the bull takes hold.
When you say you sold your Gold was it a physical or paper position? I assume paper...we shall see, I don't think you will get your 10% pullback from here (at least not in USD, we could see the AUD rise against the USD causing AUD price to drop...)$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.
This is a chart I have posted regularly. I can't remove the stock code so please ignore it. I am posting it because there have been many traders with your view who have intended to do just that. They are on record on Stockhouse.com.I will buy back for 10% cheaper in the next 2 weeks.
This is a chart I have posted regularly. I can't remove the stock code so please ignore it. I am posting it because there have been many traders with your view who have intended to do just that. They are on record on Stockhouse.com.
How many do you reckon have made a dollar?
When you say you sold your Gold was it a physical or paper position? I assume paper...we shall see, I don't think you will get your 10% pullback from here (at least not in USD, we could see the AUD rise against the USD causing AUD price to drop...)
Gold just past 1000 Euro (new high)
Passing new highs in USD (1250)
At new highs in Pound (860)
Closing in on AUD highs (currently over 1400)
.