Does gold need a breather?

Discussion in 'Commodity Futures' started by peilthetraveler, Nov 23, 2009.

  1. it is best not to put all your eggs in one baskets.
     
    #81     Nov 27, 2009
  2. It does have feelings. The "market" is a combination of millions of people and their emotions. If people get scared that means the market was scared.
     
    #82     Nov 27, 2009
  3. ElTrader

    ElTrader

    That's a bit naive, isn't it? The market is mostly people more or less calculating their next move, not so much feeling what's right. During crisis times feelings can be more involved, but still not as much as stated above. People don't sell gold in huge sums because of fealing a bit insecure.
     
    #83     Dec 1, 2009
  4. S2007S

    S2007S



    GLL @ $10.03 +8.3%

    ZSL @ $4.66 went as high as $4.79

    17%+ gain


    Think you might be able to grab a tiny amount of profit in these, but I think in the short term these could head lower as gold and silver start to head higher after this recent sell off.
     
    #84     Dec 12, 2009
  5. ElTrader

    ElTrader

    Investing and gold and silver for short term profit is not really worth the trouble. Not much money to gain but a lot of time worrying.
     
    #85     Dec 15, 2009
  6. it only needs a breather if the run-up is due to speculation. In gold's case it's because of how the commodity is valued in relation to currency. Short answer: no. There will be profit-taking as people get scared but the medium-term trend is in-tact. Look for a reversal when the USD downward trend reverses.
     
    #86     Dec 15, 2009