is the gold correction over?

[rockandrollsouls]

Because it's risky. I expected it, I read about it and when it happened I wasn't surprised.

But you could lose a lot of ground if gold spiked for whatever reason.

If you believe the market reacts only to market forces you would be more likely to act on this type of information.

If you believe that the market is highly manipulated, then you know that it reacts to market forces as well as outside forces and you would be less likely to attempt to time the market. That is the entire basis for our support of Peter Schiff. Why attempt to time a market that is highly controlled? It's just too risky. What isn't risky is that we know gold cannot stay cheap if the currency is inflated no matter what they do to control the market.

Taking some profit after gold has an uncharacteristically strong run without correction isn't exactly risky.....what's risky is staying invested in a market that is so volatile. Take profit.

 

[Paulitician]

Who knows, but I disagree with those who think the gold correction is over because gold has yet to break below 930 or something. Corrections can take a while. Short-term movements are worthless. Gold last year went from 1000 to 700, to 900, and then back to 700. It's all over the place. Personally, I am waiting for gold to go to 850. I wouldn't be surprised if it went lower than that.

 

[theoakman]

newsflash, the correction ended at the end of October.

another bump for hindsight. Gold shooting for 1200 now. I guess we never got that pullback some people were calling.

 

[theoakman]

another bump for hindsight. Gold shooting for 1200 now. I guess we never got that pullback some people were calling.

Another year, another $200 up. I'll bump this thread every year. I especially love the "take profit" posts.