according to zerohedge someone dumped $1.7 billion in Gold so far today. Now tell me the markets aint manipulated. Am I concerned? Nope. US economic figures and Bank stress test results released tomorrow, and later today respectively. I said in a post last week I'd heard July 15th was a significant date. Is someone creating a buying opportunity today before the figures create a storm tomorrow ? Either way I'm waiting to increase my stack. But I'm in no rush. If it keeps dropping I'll keep waiting. When it gets around.... 727 /oz Au and 11.30 /ozAg I'll "make a further investment" If it goes "off to the races", I'm already holding My view is long term "Patience Grasshopper, Patience"
Up, Down, Sideways,...it really doesn't matter at this point. Personally I have a set exit date, and from now until then I also have a monthly date that I have budgeted a certain amount of $$ to buy, every month from now until then. That is my budgeting, aside from the few purchases that are nice to have that I wish to collect. DCA is what it is all about for me. If Gold goes to $1000/oz, then I will accumulate more, if it goes to $5000, then it will be less, but all in all, the stack will still grow. I will worry about the prices in 9 years
I am studying the forces that are causing this oscillation. Right now it is shooting up, above 1,310 $ again. Will have to watch and see whether it dips below 1,300 $.
