GOLD 0.51% $1,391.7 gold futures

Gold, page-2490

  1. 33,126 Posts.
    lightbulb Created with Sketch. 1404
    No I don't short gold, it's very risky, but I have owned gold stocks in the past as gold made its way north.
    Penny dreadfuls, some of them don't even exist anymore. I wouldn't buy physical gold but I would buy stocks.
    http://www.marketwatch.com/story/an-open-letter-to-investors-who-are-bullish-on-gold-2015-07-23

    Gold would have to flatten out for a long period of time, gold isn't money, it's a speculative instrument, the bubble hasn't deflated yet IMO, it's got a long way to go. As I've often said I think gold will bottom out around $600.

    bubble-lifecycle.jpg
    Last edited by Skol: 06/12/15
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.