Posted by caddpro123 on 11th of May 2016 at 02:32 pm
I believe breaking 1300 in May would be a strong buy signal. The
money in precious metals right now is with the miners, not the
metals themselves. If you wait until the price hits 1380 you will
have missed a golden opportunity. (sorry I couldn't resist) Even at
these levels, the miners as a whole are well below prices of just a
few years ago.
But how do you know that a move up is not a reaction to a low
last year, and that we will see $1,000 before we see $1,400? The
upside is up to $5,000 at least, so I would not be concerned about
getting an extra $80 now.
Buy signal
JP Morgan predicts $1400 Gold in 2016
Posted by caddpro123 on 11th of May 2016 at 02:32 pm
I believe breaking 1300 in May would be a strong buy signal. The money in precious metals right now is with the miners, not the metals themselves. If you wait until the price hits 1380 you will have missed a golden opportunity. (sorry I couldn't resist) Even at these levels, the miners as a whole are well below prices of just a few years ago.
But how do you know
Posted by junkie on 11th of May 2016 at 02:42 pm
But how do you know that a move up is not a reaction to a low last year, and that we will see $1,000 before we see $1,400? The upside is up to $5,000 at least, so I would not be concerned about getting an extra $80 now.
What is your strategy
Posted by caddpro123 on 11th of May 2016 at 02:47 pm
It all depends; are you trading the metals, the ETF's or the miners themselves?
I will not buy an
Posted by junkie on 11th of May 2016 at 02:58 pm
I will not buy an ETF for known reasons, only the metal itself or a futures contract.