Monday, June 22, 2009

Time to get out of gold

If, for some insane reason, you’ve invested in gold, I’d be getting out in about a week. I have a way of studying stock charts, and gold should be no different. See the peak on May 27 and how it falls back. This replicates what the market did at the beginning of February as a well as end of June of last year. You’ll see a brief peak after each of these swirls. Great for those day traders who get in and out of positions rapidly. Bad for the rest of us who don’t have the time to watch markets.

You’ll see after each climb when it has reached its current cycle, there’s been a severe, and I mean severe, fall back. So, if you’re listening to those radio shows and ads that make as much sense as anything that comes out of either Rush Limbaugh’s or Jim Cramer’s mouth, buy gold now

For those who want to keep your money instead of freely giving it to others, you’ll see that in a month or two, it’d be a good time to buy gold – a bargain. Don’t know why you’d want to do that when for the same amount of research and time you’d reap greater profits in the stock market. Yes, I am pro investing in companies rather than precious metals.

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