Quote:
Originally Posted by AngelinIsRich08
Because the investors are looking for a safe haven during this bearish and downtrend market. Once the market picks up gold will be sold in droves so investors causing it to fall. Now it may not go below $1500 but it definitely won't be reaching many more new highs unless the economy completely tanks. SLV has been going up nicely this week too but there might be sell-offs when it reaches $42/3.
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Do you really believe in what you're saying? Didn't you admit you're down in portfolio right now and making such a bold prediction?
kitco.com/gold.londonfix.html
Look at history and search sept. Beginning to end, see if its not an uptrend each year. I told you why already, ask yourself why the Koreans just started buying? Why chavez asking for his gold back? We all know what our president and fed is doing, so you really think gold will bomb all of a sudden? Ok goodluck to you cause I know what ilk doing, holding.