Video: Is The Bottom In Sight For Gold? - Veteran Trader Chimes In

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Author	Replies: 5 / Views: 1,226
CCFPress Press Manager United States 1420 Posts	Posted 12/07/2016 11:52 am Kitco - Gold is seeing some volatility this Tuesday as markets gear up for next week's big Fed meeting. However, some analysts suggest that gold's price action at the beginning of the week may be hinting that the bottom is near. The host of The Bubba Show and founder of bubbatrading.com, Todd 'Horwitz' Bubba joins Kitco News to talk about the metal's dip to a 10-month low this week, and how it is making a bit of a comeback from its lows. With the U.S. Dow Jones Industrial Average at a record high this week and other world stock markets being pulled along for the ride, traders and investors seem to remain in upbeat moods heading into the holidays. February Comex gold settled the day at $1,179.10 an ounce, up nearly 1.8% from the low hit on Monday. xQqsOfLnT5w Report this Post to the Staff

twslisa Pillar of the Community United States 790 Posts	Posted 12/07/2016 12:18 pm Good to know... I might talk to my Mom about moving some of her trust money (currently in a money market) over to gold). Report this Post to the Staff
twslisa Pillar of the Community United States 790 Posts	Posted 12/07/2016 12:20 pm Question: down the line if she needs that money, how easy and quick is it to sell? And generally how much less than spot do dealers offer? Thanks! Report this Post to the Staff
terry8835 Pillar of the Community United States 1450 Posts	Posted 12/07/2016 4:53 pm I would not encourage my mother to speculate in gold unless she is a multimillionaire. There is an ETF (GLD) that does buy raw gold and you can buy shares in that ETF. It is easy to sell but you have a fee for storage and the usual fees for buying and selling. I don't believe Jesus Christ could predict the PM market. Report this Post to the Staff
twslisa Pillar of the Community United States 790 Posts	Posted 12/08/2016 2:43 pm Appreciate the advice. I'm not necessarily seeing it as speculation so much as a "don't put all your eggs in one basket" kind of thing. My mom is pretty anxious about the economy, and if it would ease her mind to have something other than "paper" assets, it might be worth it. Report this Post to the Staff
fsrdavis59 Valued Member United States 96 Posts	Posted 12/09/2016 01:10 am It is worth investing in some physical gold. It isn't speculation in the scenario you described. No more speculation than the stock market. Your mom just wants to allocate her investments a little better. Balance is a beautiful thing. Study gold like you have coins here on this forum and you and your mother will do fine. Everybody has an opinion about when to buy, how much to buy, etc. I'll stay away from that one. Report this Post to the Staff
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