Gold
Posted: Thu Nov 16, 2006 6:06 am
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.
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.