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
« Approximately 33.1% of the shares of the stock are sold | Main | U.S. Gold Holdings Close to Zero-Rob Kirby »
Thursday
May292014

Precious Metals


QUESTION: Hi Martin,

As someone who was taken in by the gold and silver bugs and went all in 3 years ago I am now left out of pocket and can’t sell my investments as I’d lose nearly half. As I am only a small time investor how much longer do I now have to wait before the cycle turns again so I can recoup my money back?
Thanks for all your assistance, your views from behind the curtain are truly enlightening.
Kind regards
L
ANSWER: We are preparing the gold forecast report. It is likely to press lower and you have to consider it may bottom in the $900 area. That is the risk. Will it rise thereafter? Yes, of course. I have disagreed with the gold promoters because they recklessly sell ideas without experience as a trader or respect for the people they mislead. This is not a soap box to push your beliefs upon someone else.

To read the rest of this post please click here.

 

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

 

Winners of the GoldDrivers Stock Picking Competition 2007


Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (3)

Martin can get out at 1440 and come back at 970 steady trade

May 30, 2014 | Unregistered CommenterKirk D.

I am in the same boat. Gave up my job in Australia and moved to the Philippines. Bought a house now doing extensions to it. I thought the silver price would have gone up to st least $30 by now.

Actually I was thinking maybe the price is going down because no one is buying into the paper market. Which should not exist anyway as silver is a commodity

May 30, 2014 | Unregistered CommenterDirk

Dirk,

Yes indeed it has come as a shock to a lot of people and over the last two years or so we have received a few brick bats for not being in the 'Ra Ra' camp, however our short trades have made money thus increasing our cash pile in readiness for a turnaround, whenever it decides to show its face.

If you get the time drop us line and tell us about life in the Philippines from an Aussie point of view

Thanks, Bob k

May 30, 2014 | Registered CommenterGold Prices

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>