$800 Gold tomorrow?
BlindedByEgo
Posts: 10,754 ✭✭✭✭✭
Strong in the Far East right now...
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
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Comments
Miles
<< <i>What a crock. Who is dumb enough to buy it now? I dont buy high and sell low... >>
Tops are made when the number of buyers is highest relative to the number of sellers. Bottoms occur when there are lots of sellers and few buyers. What this means is that there are a lot of people buying now. If they weren't the price wouldn't be moving up. With many investments, the higher the price, the more interested people get. It is how markets work, and how human nature works.
A lot of people go broke trying to predict the top or the bottom. It can be an entertaining game, however, in my opinion, it is one of the most difficult ways to make money in the markets. Buying low often involves much more risk than buying high. This sounds counter intuitive, but that has been my experience and my observation.
With all of that said, a good deal of this recent run in gold is currency driven. The price in Euros or Yen hasn't moved that much, it is mostly the US dollar going down in value.
Hoard the keys.
Tops are made when the number of buyers is highest relative to the number of sellers. Bottoms occur when there are lots of sellers and few buyers. What this means is that there are a lot of people buying now. If they weren't the price wouldn't be moving up. With many investments, the higher the price, the more interested people get. It is how markets work, and how human nature works. A lot of people go broke trying to predict the top or the bottom. It can be an entertaining game, however, in my opinion, it is one of the most difficult ways to make money in the markets. Buying low often involves much more risk than buying high. This sounds counter intuitive, but that has been my experience and my observation.With all of that said, a good deal of this recent run in gold is currency driven. The price in Euros or Yen hasn't moved that much, it is mostly the US dollar going down in value. >>
Red you are very wise.
<< <i>
With all of that said, a good deal of this recent run in gold is currency driven. The price in Euros or Yen hasn't moved that much, it is mostly the US dollar going down in value. >>
And since most peoples' debt here in the US is denominated in dollars, seems like a good time to sell gold and pay down debt...
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Gold: $ US 792.50
<< <i>
<< <i>
With all of that said, a good deal of this recent run in gold is currency driven. The price in Euros or Yen hasn't moved that much, it is mostly the US dollar going down in value. >>
And since most peoples' debt here in the US is denominated in dollars, seems like a good time to sell gold and pay down debt... >>
Yup...if lots of us and our government did that, we would be in a lot better shape IMO.
Check my ebay BIN or Make Offers!!
Fed Just cut interest rate another .25 %
792.00 only 8 to go
That's the only downside to constant trading rather than keeping a core position of some percentage. Gold will one day start
making $100 daily moves at times (up or down).
Probably a good bet to see $800 this week. Not a lock, but a better bet than 14000 DOW imo. This would be the wrong time to
bet 15,000 DOW or $800 Goog vs. $800 gold.
roadrunner