Arton i dont think the bull market in gold is over ! the difference from the 80s bull market is you have the Chinese buyers this time the rising wealth in asia , in the 80s you had no Chinese buyers they were very small players then now the average guy on the street in china can walk in to a bullion shop and buy some pandas in the 80s they had this big blow of top in gold i don't think we have seen the euphoria stages i n gold yet ( 2500-4000 my guess > but i also think gold could drop to 1100 and many will call it a bubble i guess for the people who bought at 1900 it might feel like it gold could easy fall to 1200 and go to 2500 from there but at the end of the day no one knows we can only take an educated guess i recon 10-15 % of assets in gold is good insurance i only bought it as insurance in first place but because it went up so much it became big % of portfolio gold shares are only for trading is i believe as investments they horrible absolutely bad !! just like airlines .if i was going away for 10 years i could put all my $ in gold bullion cause at least il have some purchasing power but not in gold shares but as medium term trading the gold shares are great lots of action takeovers cause of declining mine life they have to start looking for new ground and the swings are very wild i don't care how good fundamentals are any gold stock stop loss is absolutely a must when trading gold shares its not like buying a wow n receiving div while you wait for price to recover cheers mate n good luck slr im waiting for now i have been stopped out twice in a row slr now
SLR Price at posting:
$2.43 Sentiment: None Disclosure: Not Held
