Renewed Investor Posted May 3, 2012 Share Posted May 3, 2012 "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." Link Quote Link to comment Share on other sites More sharing options...
Normski Posted May 3, 2012 Share Posted May 3, 2012 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. Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted May 3, 2012 Share Posted May 3, 2012 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. Quote Link to comment Share on other sites More sharing options...
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