Posted by: tyrannyoflogic August 8, 2011
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IMO the gold market( the precious metals market as a whole) is due for a correction and we should see it if the market stabilizes...
I think its too early to say anything right now...it will take a while for some aftershocks and some levelling off for the market to find a base...there's still a lot more things which might go wrong in the future and the white house aint showing enough that it can come out of all this mess...
I would lean towards trading along the indices rather than investing right now...if you are strictly investing then jst sit back and enjoy the "fall"
the market might have a little upside tomorrow but there will be heavy selling into any pops and bring it down....
jst my opinions though
I think its too early to say anything right now...it will take a while for some aftershocks and some levelling off for the market to find a base...there's still a lot more things which might go wrong in the future and the white house aint showing enough that it can come out of all this mess...
I would lean towards trading along the indices rather than investing right now...if you are strictly investing then jst sit back and enjoy the "fall"
the market might have a little upside tomorrow but there will be heavy selling into any pops and bring it down....
jst my opinions though