Gold down $100 AUD in a Month. Will this be the chance to buy?

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Am looking to buy unallocated gold when this drop in the Gold Price bottoms out.

Will this be a buying opportunity and what price is a good price?

I am thinking $1500 sounds like a good time to buy....

Thoughts?
 
The lower the price go, the cheaper it becomes, right?

A good price is the lowest price you can buy it for. When is good? No one has a crystal ball.

It appears that the rally is gold has turned and retraced, if it stays above the low and moves higher then it's a bullish move and technically signals a bull market.
 
Yeah. I grabbed another ounce last night when it touched on 1580. If it hits 1500 i'll grab another 5 I think. But I don't think the retrace will get down there.
 
buy when can in a regular fashion and you will average out.

that being said was lucky enough to buy a 1oz au kanga at 1625 with express post
when spot was 1595. by time i paid today spot was 1620.
i first bought gold at 770 and a hand full from 800-1000, at those prices
people told me i paid too much///
 
Haha, yeah didn't they all?!

But remember when it crossed over $1000 and made those headlines? A lot them recanted and thought it had had its run and it was too late.

And I don't even consider gold and silver eventual targets being fulfilled merely on the right track... My crystal ball says "the world is going to get worse" though I hope for the best... planing that's another story.
 
ing I was crazy!!!

I've still got heaps of receipts where I paid $3 - $400 for an ounce of gold and I remember my boss at the time saying I was crazy![/quote]

Maybe he was onto something ...
 
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