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#111 - Gold: Buy or Sell

Posted on: Friday, December 16, 2011

Is the “boom” in the gold boom over? After touching $1900, it is now on its way down to $1500. Last summer, I wrote that I wanted to start buying gold in the $1300 range. It seems I may get my wish. The question remains, “Is it time to buy or sell?” The answer depends upon you. If you purchased gold over $1600 and cannot sleep if prices drop, you may want to sell.

I am waiting for gold to go below $1400 and then I will be ready to buy again. I am still bullish on gold. My reasons are the same: