When shd you buy Gold?

  • cheongwee
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11 years 10 months ago #10490 by cheongwee
When shd you buy Gold? was created by cheongwee
Did you notice, whenever mkt go down heavily, gold follow,bcause gold are sold to offset for equity losses.
So you shd buy gold when there is aselldowwwwn, bot bow that the px is high.
As a mkt player, u shd know better that buy low and sell high.
so just look out for mkt crash coming ,hopefully 1Q 2013 onward,
gold will soar later, and mkt continue it way down, wait for mkt crash to collect gold on cheap.

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11 years 10 months ago #10491 by Guest
Replied by Guest on topic Re:When shd you buy Gold?
Gold just break the 1630 - 1640 resistant.. Have to wait for it to re-test to see whether it can become new support or it maybe a false break. Many trader buy gold anticipating QE3. Buy on rumor... Sell on news.

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  • cheongwee
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11 years 10 months ago #10505 by cheongwee
Replied by cheongwee on topic Re:When shd you buy Gold?
There is a 65% chances that there may be no QE3?
No doubt, i think US is in recession, but that will only be reflected in end of the yr or 1Q, so the current good data maybe misked fged to put off QE.
We know fed are always behind the curve, and always too late. I have confident in ECRI forcast. Anyway i am their suscriber and client.
Gold will soar, but it will have to come down hard first, 1200, you said come on, that is too far, we will see, i will only concentrate on stock,but i will be looking at gold in 2013.
yes, do ride this current gold rally,must have a stop definitely, because this is very extremely volitale, but i have to concentrate on stock, got only 2 eyes and over stretch.
gold can come in in 2013.
hope u are fine.

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