hold on...we are getting caught up in a frenzy here.
DO NOT buy gold UNTIL it hits bottom. ive been reading the gold forums and the projection charts all morning and its not going to go any higher until it hits the bottom. theres a bunch of people projecting somewhere in the low 770 range, but others are expecting it to drop even lower... to the 5xx to 6xx range.
this next week should be quite volatile. the two key dates next week are tuesday and friday which will shed some light on where we will see the bottom number. additionally, there is a fed meeting on oct 28th/29th... again on nov 16.
https://www.kitcomm.com/showthread.p...1118&page=1973
(hope this pic works...)
source of that chart:
https://www.kitcomm.com/showthread.p...1118&page=1972, by "yahoo"
my opinion: i dont see it dropping below 700, and the bottom, to me, appears to be at about 740. gold WILL skyrocket soon, but i wish for everyone here to get the best bang for their buck.
if youre anxious to buy, buy at 770 just for the minimum you need for peace of mind. wait to buy more (like me) because, like taxmaster wrote, its in a cycle. stay patient.
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id avoid platinum and palladium investments. those metals are not harmonious with the human body, and i think thats why silver and gold have and will always be valuable to humans.