A Golden Trade
I rarely pay any interest in the gold price (see section below on WHY YOU DON'T INVEST IN GOLD) but do like to identify the moments in any price when sentiment is at one of the extremes. That’s the moment to have a look, to buy when others are fearful or sell when others are greedy. Prices peak when headlines are euphoric, prices bottom when headlines are tragic. It is at these extremes when opportunities in the stock market generally arise. The gold price is having one of those moments in the short term.
The gold price has dropped 11.3% in the last six months (watch out for the gold stock results - the risk is on the downside) and for the last month has been effectively oversold on the charts as you can see on the chart above (RSI of 34 – 30 is generally...Continue Reading