Pretty sure that everybody agrees. In the long run the value of gold will always rise, but the trend at the moment is extremely bearish. Looks like we have heavy support coming at $1000 per oz. However, if it gets there, it could easily take out a bunch of Stop Losses that are no doubt sitting just below this level.
The best strategy that I can see is to continue buying lightly as it drops. The further it goes down, the more you buy. Make sure you can sustain a draw-down as far as $500 per oz.
The best strategy that I can see is to continue buying lightly as it drops. The further it goes down, the more you buy. Make sure you can sustain a draw-down as far as $500 per oz.
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