i'm a huge gold bull even though i'm short, really the safe play is just to add to your long positions cause there's no doubt gold will be going up this is just a consoldation... it might not rebound to 1030 highs in july cause of the summer doldrums but i dont think you have anything to worry about if your plan is to hold long term
Ah there is no doubt. Must be the first time in the history of financial markets there's absolutely no doubt about the future direction of a market!
absolutely true depending upon what you mean by consolidation. what rate of return or time horizon are you including in your forecast?
the "boys" gunned the stops below $700 this am and ripped er back up this market is sad ... in fact all markets now are sad ( i.e. tonight in asia time zone the ZI silver contract basis dec has yet to trade a single contract two hours into the session ) yes of course it is not the primary silver futures contract ( SI comex is the one )
Gold hitting year lows shortly after Cramer recommended it. No surprise there. My target is 600-650 gold and 7-8 dollar silver.