I hope I wont be sorry, I bought on the dip today (4ounces gold) at $952 and change. Did anyone else buy today?
Personally, I don't think it even qualifies as a dip. It wasn't even a 10% move. It looks like a normal market fluctuation to me.
Waaaaay too soon for me. I'm waiting for a much bigger dip. Prices are still too close to the $1000 "wall". I want a little more padding between me and the wall.
Don't hold your breath waiting for it to nosedive. This "dip" was probably normal Friday profit taking. Ha! I keep waiting/wishing for tenth oz. AGEs to go back to $75 each like when I was buying in 2006. I have not bought any since. Now it takes $125 for the same coins.
$950 again just moments ago ...can we get to $900 please? The dollar need the defibrillator STAT ...pump some life back into the old boy.
Mining companies are probably the worst managed businesses on the planet. The industry has terrible economics and many of the management teams are prone to take advantage of their insider positions at the expense of shareholders. Still, if the price of gold and silver rises, they will probably go up anyway. There are a couple of good ones, the needles in the haystack. I'm not sure there is any such thing as a bad oil company. BP is okay but probably not best. Don't get too excited about dividends when choosing stocks.
