Price movement of Gold

T

TeaPot&ChopSticks

New Member
Over the last week I have seen gold rise from 1535 to 1590. Going to buy next week - I think for the short term, the next 3 months - the bottom has been reached. This obviously shows that I am a terrible picker and should just continue buying on the average. If it falls to $1200 as Jim Rogers says, I will be puking ( aka SilverSanchez ) Perhaps silver could rise at least as well? Any thoughts - either way I am buying Gold.
 
I feel that the worst is over. If markets open on Monday & prices still in positive note, I think it should be safe to enter.
 
I missed the bottom, bought monday morning and had no more cash left... oh well, better than nothing i guess, still got more oz's in my hand
 
Zomby said:
Just keep stacking...
Click to expand...


Dollar cost average until you have enough.



How do you know you have enough? Buy some gold and ask yourself "Do I have enough?" if you're in doubt buy a bit more and ask again until the answer is "yup, got enough"
 
I suspect the recent upward moves in gold and silver are not due to it being a safe haven rather investors expectations of more QE(which i understand is a little contradictory)
 
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