Richard,
I think that you made a good longer term move in that. I see gold going to 302 area and then back to 285, but I do not think that it will reach the 280 area. In summary, I think that the bottom has been seen. I could be wrong, and frequently am, just my view here. Palladium and Platinum are pricey here and I look for a move lower. Silver in an upmove, but I have my doubts. Longer term, yes, just not now. As I said, I think gold is near a low which will not be reached again soon. I am very negative on the S&P here and it has fooled me before, but I would be on the sidelines or short here. In fact, I would be a buyer of way out of the money puts on it here.
With that said, I must tell all that I am not a very successful investor, Just looking to get better.
Please make your own decisions and do not do what I say. I am voicing my personal opinions and tactics and please, please let me lead no person, investor, nor entity to defeat based on my opinion!!!
Best to all, keep your powder dry and most of all, keep your portfolio viable. Best to sell and run away and be able to trade another day!!
Bigmouth and full-O-Crap, Jack!! |
