If you are investing in gold, and I don't recommend it as an investment, then you probably that the yellow metal hit $1,180/oz (Troy) today, an all time high for the year.
This is about the time that the professional traders engage in "profit-taking," meaning that they will be selling.
Might be a good time for you too.
Hi Mat;
ReplyDeleteYou may wajnt to check the winter/spring fractal before selling. Particularly with the PIIGS situation coming to a head, the indicators are that gold has a ways to go up yet.
http://www.financialsense.com/fsu/editorials/2010/0430.html