irondoor91

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Selling Long Positions, Going Short and Buying Gold

I'm not so sure that I agree with your $1000 price for gold, but I do agree on the potential for gold in light of the dollar decline and the notion that the soverign funds may step up their buying of gold in lieu of dollar denominated assets. It is also a hedge against the continued rise of the dollar-denominated oil price. I own EGO,IAG,KGC,HMY,SWC & LMC. Some getting slammed today, but perhaps a good entry point for your purchases.

Gold seems to be a reasonable place to wait out the increasingly unreadable noise coming from around the financial world. I'll certainly take the $1000 if it comes and wish you the best in your investment.
Oct 22 14:32 pm |Rating: 0 0 |Link to Comment |View article

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Selling Long Positions, Going Short and Buying Gold

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