As many of you have seen that there is great uncertainty in the currency market, all the investors are looking for safe heaven right now and i think they have found one and that safe heaven is called GOLD. Its already touching $1900 mark. Sop what are your stats for future? I think $2000 should be a number at which gold should see a little retracement.
hmmm. Smart trader (investor) will never buy something what is (too) expensive.
He have to wait on something what is cheap to buy and wait to become expensive to sell.
Gold looks like a trap for naive investors - now - to me.
Its not important for very shortterm traders. They can earn a lot from gold still but
for "safe haven" investors, this is very very dangereus baloon and regardles if price of gold will
go (mush) higher it is something far away from safe haven - now.
It can fall for 50%+ in the future because those prices now are not realistic.
I even think, that gold is part of conspiracy against masses - in this moment.
so long as economic uncertainty remain, the prices of gold will stay firm. yes, this cannot go on for ever and things will change sooner or later. those holding on to such expensive asset classes may pay for it very dearly. Personally I am for booking profits from now on since the foolish crowd is charging forcefully into gold markets now. the big bulls in gold are unwinding their positions.
Gold is in speedy bullish mode right now. It has broken high after high and recently, it reached the price of 1,900 dollars per troy ounce so i think that it will still reach 2,000 dollars per troy ounce this year 2011.
Gold prices down today toward 1720. Gold is the most volatile from last 3 months. First it deeped at 1310 from 1425 in february. After that safe heaven currency rallied directly to 1900 as USD deteriorated. Today we have seen sharp fall. But Gold is safe heaven so we can see higher price from here as global market tumbles.
Gold prices further down to almost low at $1520. From there get some support now trading around $1600. The reason behind that peoples who have taken buying position in the metals such as copper, silver but the prices of that metals felt rapidly due to european debt concerns. To cover that loss in silver copper or other metals, they also cleared their position from safe heaven currency, thats why gold felt rapidly.
Gold is really a hot cake for the investors, but it seems the Gold price is still under pressure to fall, May be after Diwali festival it will fall further down giving an opportunity to invest.
many tyimes i heard about this any one have strong reasons why gold falls
as we know most of the developing and developed nations are accumulating gold like india china etc...
gold is a good stock commodities with high mark in the world...and some traders told me that if we want to take a side at this stock so we just open position for buy and buy and buy...is it right?and i see, every time this gold always go up again and again...and it only a little bit to go down...Originally Posted by Trader
maybe if a country who use this gold for their currency, this country will stable and have good economic..
yes, that's true minimum we should have $100 in cent insta acct to trade in gold. that's the save zone layer one. i believe gold will rise in the future. i just can't wait it move again to 1900. i just can't image how much is the price of gold in the next 25 years. as we know economic getting worst every year.
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