Prepare your trading strategy accordingly. Gold, Silver ETFs Rise with Focus on Greek Vote | ETF Trends For people who want to sell or take the profit, this might be the opportunity. I am not too favorable for waiting another 3-4 months for the gold to reach $1,500 levels. This might be a good selling opportunity.
You might be right vest007. But we should not forget about the debt limit debate going on right now in the United States. The politicians are standing on their parties position regarding fiscal spending. I see gold rising as we get closer to the deadline. Perhaps scaling out at a certain percentage each week depending on the price. If the deadline passes without raising the debt ceiling, well hold on tight! The current price will be a mirage as we see gold and silver blow beyond all previous records.
Hmm... I forgot the situation in the US. Well.. I think it can go either way. Anyway I am not taking any risk. I have decided to stay out of gold and silver for the next 2-3 months. So no more buying up of Gold ETFs or bullion coins for some time.
