Sign in to follow this  
Renewed Investor

Gold Breaks 3-Month Rule For 1St Time In 11 Years

Recommended Posts

"Between March 2001 and April 2012, the price of gold never fell for 3 months in succession. So expecting "two months max" made for a great signal to buy gold on pullbacks, most recently in Jan. 2010 (your last chance below $1100) and April 2009 (last chance below $900).

That third month just never came. Until April 2012."


Share this post

Link to post
Share on other sites

I came out of PMs (mostly silver) a little while back, with a return I was happy with.

I'm not going back in any time soon.

The gold game is a ridiculous gamble, unless you're at the top. And you're not.

Share this post

Link to post
Share on other sites

You get the same patten in most markets.

1, At first it grows, everyone is calling bubble and it just keeps going.

2, There is a good correction.

3, Everyone piles in because it cheaper than it was and it now looks like a good investment.

4, The price grows and surpasses the previous peak.

5, A new paradigm is called

6, The bubble grows further

7, It then pops and latecomers get burnt.

Gold is just going from stage 1 to stage 2.

Silver is in stage 2.

Stage 3 will come after Spain hits the fan.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.