what do you think about gold? please let me know thanks
GrantPeace
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@langtu102, Momentum is great. However, it has had a very long steep rally. I would be hesitant to take a position right now as some sort of retracement is likely. My position on gold is currently bullish, however I will be looking to change that in reaction to an economic stimulus. As for what that is, I am not sure yet. I will update the idea when something major occurs that will drive the US higher or spot price gold down. Currently, the only event in the foreseeable future that will drive this price down is a stronger US$ on interest rate increases. Fundamentally, gold is cheap right now. So keep an eye on the US$.
GrantPeace
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"..something major occurs that will drive the US$ higher." - Typo.
langtu102
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@GrantPeace, Thank you very much for your reply I'm very appreciated much
GrantPeace
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@langtu102, I would say that this is a very plausible outlook.