Gold Season Is Gone For A Few Months..time To Stock Up On Hgd.to
Q: Gold usually does not do well from now (April/May) until the end of July on a seasonal basis. http://www.xovian.com so, gold miners are gonna go down too? I have been holding HGU for few months, so time to buy HGD?????
A: I say keep holding onto hgd.to, only because Gold still has lot too drop. Comex Gold is at $880...which is ridiculously high. But keep a watch, I hear if gold hits 845 - 850, there may be a bounce. Hgd may be at 9.20 to 9.50 then, so you can sell it and wait t'll it drops again. I'll keep a good eye. U are fkn right. each day is not the same as the previous day and a lot of things can alter it such as news, soothsayers, markets,ETC, blah, blah,blah. better off researching stocks and ones which pay dividends. You have something tangible if you have done your research. You maybe better off playing BINGO. Well think of it, if hgd.to goes up, hgu.to will go down. Like I mentioned, normally gold goes down right now for some time. But lets see where it goes, keep watching. I am working on making a forum on my site soon and we can get all traders to share their opinions on the markets, etc. Will need less than a week to finish. Not for a few years. Gold is a barometer of fear. Now the credit market is improving, people are not as fearful. Other commodities are getting more expensive relatively to gold. The costs to produce gold are getting higher. So gold stocks have to go down, way down.. No, I am not on crack. Yes, gold price might go up in 3 to 5 years due to potential hyper-inflation. However, all commodities have build- in inflation protection. Other commodities are relatively cheap compared with gold. So even if hyper-inflation does arrive, basic metals and oil prices will go up, way up, compared with gold. Other commodities are much better investment than gold as hyperinflation hedge at this point. In the past 6 months, gold price holds up much better than other commodities is because of credit stress. Now we see signs of improvement in credit market. So near term, gold price can only go down. Longer term, other commodities are much better inflation hedge than gold. So my conclusion: Go long basic metals and oil, go short gold.