I want to buy some gold but I don't like to buy when things are going up

UGLD specifically.

 

Then don't buy it.

 

The more uncomfortable something makes you, the better the trade.

 

I'm going to guess you don't like to buy things that are going down eith or else you would have established your position last week. I'm not being critical. I can understand that you might want to see how this rally pans out but you must have some method you use to establish a position.

 

I bought USLV last week. I didn't buy gold.

If you follow my journal threads you know I pretty much only buy when stuff is going down.

 

You could buy inverse gold. That's going down.

 

Or maybe UGL instead of UGLD

UGLD is cheaper though.

 

I don't just buy anything that's going down

 

Unless you know whether a mean-reversing or trend following strategy works better with your investment horizon, you shouldn't do anything!

 

I might get my chance to buy some gold.