Gold just doesn't seem to stop getting higher and higher! It's now at $1,800/oz!!! What do you think will happen to silver and platinum?
I keep thinking: If you don't sell at $1800, you're stupid. I'm not selling somebody make this craziness stop. Please.
Kitco says CME just raised margin requirements for gold contracts: http://www.kitco.com/reports/KitcoNews20110810AS_CME.html Come tomorrow, watch out for falling prices...?
There will be trials by the European bankers to turn the debt crisis there around, When they are announced, gold has a good chance of dropping $50-100 initially and some for days after. If a plan works for a while, gold may lose $200 +/-. If you have spare cash after it happens, I doubt the crisis will not end and gold would go back up and one could get back in cheaper. I sold a percentage of gold related securities today, even though I suspect it may go up tomorrow and Friday, but one must take some profit to take advantage of the market. Have and do an exit plan for any investment,IMO. Jim
