First of all. Thanks for typing english because i can quickly reply without translating in my mind .
gold is still definitely in bullish stage but will need to proof itself that it can outrun equity markets. Despite there is qe 3 4 5 and etc there is increasing amount of downward price adjustment due to potential interest rate increases. Looking at bond yields now it has broken many tops to reflect market expectations on interest rate increase.
However if you are a long term investor you should not worry about gold's future as gold is still usd denominated in the foreseeable future. The only question is , would you be happy that your equities will gain more than gold ?
Thank you for your prompt response. With more expectations on interest rate increase, would you mean stronger dollar? But with stronger dollar, the gold price will drop which has been reflected in the closing price on last Friday.
I am a short term trader in gold market. What price level do you suggest to buy at the next support?
I'm no expert on gold prices and not to even mention speculating . i just only know that around 1.6k to 1.8k would be a very strong support for long term. sorry couldn't help with gold speculation
樓主: kingkow
在線雷達
發表於 2013-2-9 10:09:37
