It's a good time to buy if you can hang in for some longer term gains. Gold is heading for another build up. check out this article, look at the chart at the bottom:
http://www.kitco.com/ind/swanson/nov132006.html
Those yearly trends point to another move up. The uncertain Dollar adds fuel to this fire, also. When it will bottom is a guess, but buying now would at worst show a dip before a rise.
After that? Hard to say. I'm in Gold for the long run. I bought quite a lot at around $365 so I'm all kinds of positive.
Told myself I would sell when it doubled. It did already last year, but only for a short period, then it plunged. Now its working back up.
Gold
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Mister Bushice
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KC Scott
like Gold also, although I think we're in for a short term decline.
2 different ways to play - GLD is the ETF and not as volatile as some of the individual plays.
I really like AUY - Yamana Gold, but it is a roller coaster
i think it pulls back to 9.30 range as this market continues to spiral out of control. I'd put a buy in there and try to forget I own it for a few years
2 different ways to play - GLD is the ETF and not as volatile as some of the individual plays.
I really like AUY - Yamana Gold, but it is a roller coaster
i think it pulls back to 9.30 range as this market continues to spiral out of control. I'd put a buy in there and try to forget I own it for a few years