"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."
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Gold Breaks 3-Month Rule For 1St Time In 11 Years
#2
Posted 03 May 2012 - 04:35 PM
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.
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.
#3
Posted 03 May 2012 - 04:50 PM
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.
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.
2nd May 2012 12:00 - I am calling the London top!
In the next 12 months London will fall by >10%
http://www.estateage...le-at-over-500k
Wonder how many illegal immigrants you'd have to squeeze in there to make this a savvy investment?
In the next 12 months London will fall by >10%
http://www.estateage...le-at-over-500k
Wonder how many illegal immigrants you'd have to squeeze in there to make this a savvy investment?
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