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Japan Nikkei down 1143.28 (7.32%), word now is the time to buy gold

mrpaseomrpaseo Posts: 4,753 ✭✭✭
in Precious Metals
Just finished watching the "Closing Bell" and saw that the Japan NIKKEI (Third largest market in the world) dropped 1143.28, that said, they are still up 40% YTD, they were due for a correction. It will be interesting to see if there is money waiting to buy on the dip tomorrow.

Watching "Fast Money" and one of their top stories is "Is now the time to buy Gold". More to follow.

Comments

  • mrpaseomrpaseo Posts: 4,753 ✭✭✭
    They talked a lot about the FEDs pumping money into the economy (QE I'm guessing) and the people buying into the market. They said that the FEDs can not do this forever, they then led into the spot about buying Gold.

    The group talking about the subject basically said, Gold is not good for long term (Because it does not offer a dividend), that Gold is a reactionary investment and may be good for a short term money maker.

    Nothing new...lol.
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