Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« John Embry: Pressure on Gold, Silver Likely Artificial – Investor’s Digest | Main | Socialism Is Why Greece, Italy And Detroit Suffer »
Tuesday
Mar052013

Every Picture Tells a Story: Gold Prices

The chart below, courtesy of Bloomberg was sent to us by one of our very kind readers. It’s at times like this we find ourselves in great difficulty as many around us capitulate and dump their holdings. Each to their own as they say.


Our thoughts, for what they are worth are as follows;

On the downside, if gold prices fall below the $1500/oz level and stays there for a sustained period then a number of producers will operating at a loss, which will in turn have investors running for the hills. We also have the prospect of those investors who are suffering at the moment heading for the exit as soon as things improve, adding to the downward pressure on stock prices.

On the upside, the fundamentals haven’t changed in that money printing on a global basis continues unabated; you know the story along with all the other reasons to own gold and their associated stocks.

However, we have all got to do what we think is in our own best interests and suits our objectives, aversion to risk, cash position, etc., and it is different for everyone as we are all unique individuals.

My own strategy remains pretty much unchanged other than the recognition that choosing good quality stocks, when the time is right, is now more important than ever. The same goes for options trading, with gold and silver becoming ever more volatile the oscillations in the options market will become more dramatic. This is terrific when you get it right, but horrendous when you get it wrong.  

So, take care and proceed gently, don’t be bullied or cavalier in these treacherous waters and always retain enough in the way of funds to fight another day.

Our new venture ‘Stock Trader’ has begun trading with our second trade now in place, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

Regarding www.skoptionstrading.com. Our model portfolio is up 432.59% since inception generating an annualized return of 60.23%, we have also closed another profitable trade recently, so we will update the stats shortly.

If you wish to join a winning team then please subscribe below;

Subscribe for 6 months- $499

Subscribe for 12 months- $799 

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address. 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>