so what is to say that gold WONT go back down below $1000 oz?
if gold is solely tied to the DOLLAR and economic FEARS, there is part of me, a very small part of me that is holding out for the economy to get better.
markets rise and fall no? upswings and downswings?
well, looking at the graph for gold and silver, it seems as if we are DUE for a HUGE correction.. no, all things considered, there are things going on in the world politically and globally that were not going on in prior swings.
however, I totally get the smaller swings of 90-100$/oz. buying/selling for short term profits - to each his own
but I want to buy gold really bad - for the long term. I just cannot come to grips with buying it THIS high($1500++)
i know the economy is bad, unemployment, jobs, etc etc. which in my opinion only, is why the PMS are doing so well. and they can only do so well for so long. if we knew the future, we wouldn't be talking about this would we...
anyway, I dont want to get too wrapped up in this gold/silver 'craze'.
i think there will be opportunity later on down the road if/when our country realizes there is a bigger problem going on