Sabretoothed, I am not sure if what I am saying now was part of your last post, I simply cannot be bothered reading all of that.
In an answer as to why gold can go down you only have to look at oil.
Both hurricanes did not effect the US economy and China remained strong so demand for oil remained the same. However oil supply was cut due to the refinery problems and this remains the case today.
But yet oil has declined under these conditions.
The same principal applies to gold; demand for gold can remain the same, but this does not guarantee that gold will keep on rising just as oil did not. In fact I would expect gold’s fall to be very similar to that of oils, just drift downwards.
In fact gold is a very risky investment at these levels, sooner or later the rise in the price of gold will flow on to consumers and at one point the costs will outweigh the benefits and there will be one hell of a black whole in the gold market.
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