Is now the time to invest in Gold?
What are some ways to invest in gold?
Best Answer
678 points
BoxCar answered 10 months ago …
In this quarter gold should test the $1000/oz barrier set 1st qtr of 2008, but I suspect
we will see an oscillation between $975 high and $725 low according to bell shaped
chart of [Vol x Price] over last year and counting spikes since 725 shoulder of Nov,
we should have 2 more "spikes" to reach the $950 high before it begins a retreat.
From chaos theory, if you can ascertain a start point like the $725 shoulder, just count
"spikes" in price as it moves from [Vol x Price] ledge to ledge like a ping pong ball,
and before it reaches Feigenbaum's number of 4.6992, before it reaches 5 spikes
the chart will change to new path. You can see it happen in price of gold over 2 yrs
The trick is "What do you call a "spike" and I call it a high followed by a shoulder
where the 5th shoulder will be the change in direction, up, down or sidewise. Ex-
Gold is approaching a 3rd spike since 725 shoulder (if you discount Xmas dip)
So gold should fall back once before it tests $1000 but should fall short @$975
We'll see what happens, I've been surprised before- maybe Xmas was a spike.
Answers
3943 points
MNSL answered 10 months ago …
It is depend on the time horizon.
There will be some support level in the short term together with volatility.
However gold can go either direction due to so many factors.
2082 points
alanj answered 10 months ago …
I wouldn't. Even though it has been in an upward movement, it is in an area of resistance right now. It might go a little higher, but over the next couple of months it's more likely to be in a downward trend direction. Unless of course it is able to break through the area of resistance. Then it would be a buy. You can invest in gold either through a futures broker ( Futures or options contracts) or through a stock broker by purchasing ETF's. One ETF is GLD. You can also buy the physical gold (coins, engots, jewelry, etc.) I would suggest signing up for incrediblecharts newsletter. They follow a number of markets of which gold is one. Here's their latest on gold by way of their website. http://www.incrediblecharts.com/tradingdiary/2009-01-29_gold_forex.php
Read more from alanj3943 points
MNSL answered 10 months ago …
I think it is time to sell gold now. We must sell gold during next 12 months before it is too late.
Gold will go down sharply just as other commodities such as oil, metals, coal. rubber, soya bean, palm oil, maize, wheat etc.
