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<p>[QUOTE="psuman08, post: 25304877, member: 121366"][USER=153164]@The Half Dime[/USER] I completely disagree with your premise that metals are going back down, "but where I'm coming from is where gold was not too long ago. A couple of months ago, it went almost below $1,900, and that's what concerns me. It is also true for silver, as last summer, it hit roughly $26.50 an ounce but fell shortly afterwards." Prices move higher and lower for several reasons. </p><p><br /></p><p>If you look at the technical charts, they are setting higher lows in the breakout, generally very bullish. I don't think you are going to be very successful trading 1/10 AGEs as the markup will tend to eat your profits. I would suggest that if you are trying to accumulate wealth you should look to the stock market vs. trading precious metals. Metals to me are a hedge.[/QUOTE]</p><p><br /></p>
[QUOTE="psuman08, post: 25304877, member: 121366"][USER=153164]@The Half Dime[/USER] I completely disagree with your premise that metals are going back down, "but where I'm coming from is where gold was not too long ago. A couple of months ago, it went almost below $1,900, and that's what concerns me. It is also true for silver, as last summer, it hit roughly $26.50 an ounce but fell shortly afterwards." Prices move higher and lower for several reasons. If you look at the technical charts, they are setting higher lows in the breakout, generally very bullish. I don't think you are going to be very successful trading 1/10 AGEs as the markup will tend to eat your profits. I would suggest that if you are trying to accumulate wealth you should look to the stock market vs. trading precious metals. Metals to me are a hedge.[/QUOTE]
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