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Wednesday, July 6, 2011

Time to invest in Gold?

I am still waiting for the other shoe to drop in the markets. So far, that isn't materializing. The markets are in a holding pattern, likely for economic news reported on Friday.

What is a bit surprising is Gold's strength the last few days. Gary of the Smart Money tracker is calling for starting to enter.

I won't even attempt to cover his reasons, pay for his service. But I feel compelled to start entering, just on the fact I am trying my hand at following Gary beyond my gut.

I will be cautious, for I can't help but think gold will get that punch down before it rallies. But it is possible we have already seen that.

In 2008 the deflationary collapse caused gold to fall. In 2011, could it be the safe haven? Time will tell.

GLD etf, GDX for gold miners. GDXJ for small gold miners Good luck.

1 comment:

  1. The markets are in a holding pattern, likely for economic news reported on Friday. What is a bit surprising is Gold's strength the last few days. cool training

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