After a few days of HUGE drops from $1900 to $1750, its starting to look like its leveled out and going back up. As I post this gold is up $12 on the day and looks healthy to go back up. Any thoughts as to why such big losses then it levels and goes back in in a matter of 4 days or as to whats the near future of gold! All opinions are :welcome:!!!!!!!!!!!!!
I wouldn't consider $150 a huge loss. I still think the balancing fulcrum is around $700-800. Now that would be a huge loss, but a more realistic base for it to rest. Guy
It's only a loss if you bought in the last 30 - 40 days then sold it today. If so, then one deserves it. Buying gold bullion, especially physical, is a very long position. It's up $44 today.
It's only an 8% loss and if that bothers you you definitely should not buy gold. It is very volitile [not always up].
It doesnt bother me and Ive bought my gold when it was at around $1200, and I know it could of been bigger but still $100 drop or gain in one day is a big deal to me whether its for the best or worse
If that is the case, then your investment will most likely leave you manic-depressive. But since the probability of gain seems to be higher than the probability of loss, the profits will probably be enough to pay for the therapy you're going to need.
