Is It Too Late To Buy Gold?

Discussion in 'Commodities Forum' started by longtermbull, Nov 7, 2016.

  1. longtermbull

    longtermbull Administrator Staff Member

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    Seen as a safe haven in times of trouble, is it too late to buy gold?
     
  2. admin

    admin Administrator Staff Member

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    Id be careful over the next couple of days, gold will fluctuate with the US markets with the election so it could go in any direction. If Trump gets elected US markets will probably fall short term and Gold will rise. If Hilary gets the nod it will be visa versa in my opinion. Going to be a volatile couple of days :)
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    I totally agree my friend. Once the US election is over I think attention will turn back to Europe. While everyone is trying to put obstacles in the way, the UK will be leaving the EU and I am concerned this is the start of the end of the EU block. How would you unwind the euro - very tricky times ahead.
     
  4. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I buy a small amount via ETF each week. I think that a serious investor should consider having at least several % points of their portfolio in gold instruments. I'm typically anywhere from 5-10% gold these days.
     
  5. manoharb

    manoharb Senior Investor

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    EURUSD is falling and Gold created long-term bearish pattern. Long-term target expected 800-900$. Gold will show huge downfall in future. Technically bearish. This month's target is 1240-1220$. so sell gold on every bullish rally.
     
  6. JR Ewing

    JR Ewing Super Moderator Staff Member

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  7. JR Ewing

    JR Ewing Super Moderator Staff Member

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  8. longtermbull

    longtermbull Administrator Staff Member

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    Personally I think we have seen the best of the gold price performance in the short term - that is not to say the worldwide economy might not take another tumble but gold has already benefited substantially from a flight "to safety".
     
  9. rakhi

    rakhi Member

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    Remember that investment-fund disclaimer about how past performance is no guarantee of future results? It's worth pondering it if you think this is a good time to be buying gold. The metal posted its biggest monthly gain in four years in February
     
  10. manoharb

    manoharb Senior Investor

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    ECB rate hikes will change Gold format only. As much ECB will take more time for Rate Hikes, Gold will fall more. If target changed, I will post updates.
     
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