This whole "safe haven" proposal is a fallacy. Its based on finding a specific secondary asset or into which you can transfer your capital so that it is not depleted by a more widespread primary market price fall. The point of successful trading is that when the primary market falls you sell it down. Re-distributing capital into long positions in a secondary market is an inappropriate response. Neither "investors" nor traders should be doing this.
The experts have already said in time of crisis, people buy gold ( and sell US $). The experts also have said in time of crisis, people buy US $ ( and sell gold). My goodness !!! What experts we have. so if you listen to the experts or read news, you will end up in mental hospital.
I'm cautiously adding a little more. A 20% increase in my total lot size. If this works out then I'll add more. But I don't like this slight pullback now.. Let's see...
I'm glad I added more to my original call options position(up to 28%). Today it's finally paying off! There was some scary moments. If I were to redo this trade, then I would sold at the local highs and buy back at the local lows. I know it's hindsight. Last week when my calls went down 50% I thought about tripling down! 3x my positions. If I had done that I would be up 3x today because it has gone up 3x from the lows! Hindsights. So far today, I'm up 68%. Anyhow, I' still holding and riding this. It's been a wild ride and will be more wild swings. The options have not expired til Jan 2019. Let's see... I think there's still more room to run..
Gold is a very good asset, but it is suitable only for long-term investments, gold is always in value and now metal trading is in perspective for me
You think so? I really don't like the up and down swings. It looks to me as though it's breaking out for real now... I'm waiting for it to break through $1300. I'm still holding my calls. I actually added more..