On December 10th I wrote in this blog (http://success-by-design.blogspot.com/2010/12/gold-is-fluctuating-wildly-or-is-it.html) that gold would soon cycle upward - and on 12/16 it started rising from 1370 to today's $1410. It should go even higher - but if you had followed my advice you would already have netted $40 per ounce in just two short weeks.
No one can be certain how high it will go before it drops again, but historically it should generally go in an upward direction until it hits at least $1430. Then it would drop to around $1390. It may go higher and lower, but those are general guidelines.
Bear in mind - when it again drops, probably to around $1390, it should be a good time to buy - historically it should then rise to around $1450 or so.
In any case, good luck to you in the New Year. And make a mental note - if the new Republican House manages to actually keep their word and drive down spending and the deficit, all bets are off concerning gold. If the economy starts to recover significantly, investors will cash out their gold and buy stocks and bonds. Gold would drop accordingly. So, keep an eye on that...
/
No comments:
Post a Comment