Stops On Gold Are Settling - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 3 / Views: 1,022
junior e Pillar of the Community United States 931 Posts	Posted 08/25/2011 11:03 am Yesterday was obviously the short hand's protection kicking in with no buyers to stop the high frequency trading. Gold seems to be settling down at levels above $1700, which is better than I thought. I was looking for it to run back hard to the mid 1500's, but apparently there are a lot of believers adding to their holdings at these levels. Anybody else think that this is an opportunity? Edited by junior e 08/25/2011 11:40 am Report this Post to the Staff

GoThunder Pillar of the Community United States 830 Posts	Posted 08/25/2011 11:11 am Yeah I'm very close to buying some call options on GLD, probably would have if it hadn't bounced higher already. If you look back to the big silver correction a few months ago, right after the initial crash it bounced higher for a few days, then went a little lower and has worked its way higher ever since with a series of higher lows and higher highs. Edited by GoThunder 08/25/2011 11:14 am Report this Post to the Staff
ICanSeeYou7687 Valued Member United States 362 Posts	Posted 08/25/2011 1:01 pm I've also been toying around with the idea of selling some funds in my Roth Ira and buying gold, but haven't decided if that's a good idea lol Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/25/2011 8:30 pm Quote: I've also been toying around with the idea of selling some funds in my Roth Ira and buying gold, but haven't decided if that's a good idea lol The only way you will ever know for sure is in hindsight. That will either be, "Darn it! I SHOULD have bought gold for my Roth" or "Whew! I am so glad that I did not buy any gold for my Roth". Either of these could happen but the odds of gold rising in price seem better to me than it falling in price - especially when one looks at it as a long term position of at least several years. Report this Post to the Staff
	Replies: 3 / Views: 1,022

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.23 seconds to rattle this change.