RE:RE:How about a global depression for dinner?
No one knows where gold is headed. Short term, Medium term or Long term. If you think you do, you may be in some pain. At this point, I would invest in gold as if it was going to be around $1600-$1800 over the next couple of years. Might be less, but probably more in 2 years time. I don't know. Being a contrarian seems to not be a bad idea so when i hear these "it absolutely will be...".
As far as my sell strategy, yeah - that, in hindsight, worked out very well. I started around 1.80 i think. last years ave sale was 3.42 on 40-60K shares. That all sounds grand, however i also said i would bail at 2.50 and i never did with the remaining shares. lack of discipline again. in fact, I have bought from 2.80 down to 1.91 which does not give me a rosy feeling right now. Am i buying more at 1.80 - nope. I certainly do not trust this is the bottom now - moreso to do with the general markets themselves.
tC