I'm curious to see how many prime members are investing in gold and what there outlook for it is. I have been investing in GLD and GOLDX since october, and last month decided to go in really heavy, and now have over 70% of my portfolio invested in it. I personally think it is going to be the next bubble and we are at the bottom. My intial outlook was that it could hit $700 by the end of May, but seeing that it hit $650 today it could come a lot sooner.
Who is investing in gold?
- Thread starter apple27
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How can we be at the bottom? The bottom was one year ago when it was at 420.
I have been doing copper, PD, PCU... with the increased Asia demand, specifically China.. has been driving most metal resources up,..catch em on the cycle and you can do good..I have done very well in the past 6 months, with either options or straight up...
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robr said:
my sentiments as well.
Energy1 said:
That's pretty much the key to any investment
. Now where did I put my crystal ball.........
I watch the Asian markets close..(prior day) and other indicators..not a crystal ball, helps to provide some insight to what our market will do....and yesterday was a good buy day, and today a good sell!
apamin said:
I have some gold, and am happy with its performance as of late, but frankly I think it is foolhardy to invest 70% of one's portfolio in any one thing. Diversification is not just a river in Egypt, you know...
I bought 5 loonies a couple years ago at less than $400 each. When the hell should I sell?
Daedalus said:
only hindsight can answer that question
flaminio said:
I agree. 70% seems heavy in one sector. I find asian investment with a good outlook with lots of money going into that part of the world. My asian index fund has been doing well for the last several months.
As of this week, I am not just a Honda owner. I now own Honda.
copper, zinc, base metals are just as hot. Canadian dollar, Euro, Australian dollar, then there's oil..
Actually I just sold my two Gold structured investments I had in the portfolio (they also leveraged on the gains) with a +25% net from expenses.
I think it may go up more but I would hardly say we are at the bottom... 70% sounds a bit too much: but as we all know, luck is the key!
I wish I has 70% instead of 3% of my portfolio in it with the performance I got...
Good luck!
I think it may go up more but I would hardly say we are at the bottom... 70% sounds a bit too much: but as we all know, luck is the key!
I wish I has 70% instead of 3% of my portfolio in it with the performance I got...
Good luck!
And in Holland tulips used to be traded like stocks and reached thousands of dollars per bulb around 1600: will they go back again?
(just kidding but you may get the point about comparing history
)
http://en.wikipedia.org/wiki/Tulip_mania
(just kidding but you may get the point about comparing history
)http://en.wikipedia.org/wiki/Tulip_mania
apamin said:
Repeat after me: "Past performance is not indicative of future results".
clr1024 said:
Nothing so grand. Just misquoting on purpose to get a cheap laugh.
Don't be glad until you actually sell it and realize the profits
Im in it super cheap and have solid stops in place to scale out at different levels. Either way I am good and will continue to adjust them moving forward. The patern looks great at the moment, but things could change and I will be out in a heart beat.
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