My predictions are usually within a margin of about 5% error. I made a prediction that gold would go below 1300 by August 01, 2014. I predicted that crude oil would go just below 100. I predicted the stock market would touch 17000 bu then hover, and reach about 17500 all by August 01, 2014. What happened? How is gold at 1330+?
I don't know what happened with your predictions, Allison, but as an investor of a substantial amount of physical gold, I'm extremely glad and doing a happy dance that you were wrong. (Okay, so it's not August yet, but I'm hoping it will be up even more by then.) I was watching the gold ticker this morning and saw it climbing little by little... pennies at a time, but overall it's down a small amount from yesterday.
Hey Lenna... Gold is bought at a *reputable* (important after we had a Stanford nightmare!) dealer. There are many of them. You'd buy it in coins or bars. Coins, as an example, are sold in 1 oz., 1/2 oz, even 1/4 oz. For beginner collectors, I think there's even like 1/10th oz proof... at least in American Eagles. There are also whole sets of American Eagles covering a number of years for (currently) more than $40k for more heavy investors. Of course the value goes up and down, but mostly up with gold, luckily. It's now three times what it was when we started buying. I'm not sure I'd make a decision to get into this form of investing if I'd have to start anew with today's prices.
Hi Allison, Can I ask, when did you predict oil below $100 and on what basis did you make that prediction. I read recently (but cannot find it now), that Saudi Arabia stated recently that oil would not go under 100 in 2014 so I am very interested in your prediction. Although they also said in 2012: http://www.cnbc.com/id/46285933 (So, so much for that!) Thanks.
I am long on both via ETF. Longterm. I don't know or care where either will be next week or 6 months from now. Sometimes I may sell a little and put $ elsewhere if I feel oil and gold are very hot and may pull back. And I tend to buy more when they've been beaten down. I also invest pretty substantially in oil and gas drillers and service stocks. I also like a little silver, nat gas, and other metals.
I can see how that strategy would work for you JR but I was looking at it from more of a shorter term trade of a few days/weeks. They all come back in profit eventually (so long as the money management is properly conducted and there is no risk of a margin call), but I was more interested in 'when' and 'how' the prediction was arrived at. Not really sure whether it was Allison who made the prediction or whether it was a quote from someone else? I am long crude and ng myself and the lower they go, the more I will buy in the knowledge that they will undoubtedly rally eventually.
