Posted by: tyrannyoflogic November 11, 2011
When is the correct time to sell gold
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yo wits end pheri yaha pani halla garna aayo...stop with all the negativity man

taking profits is never a bad thing ....


but chartwise on the spotgold chart...I see a good bit of consolidation in october and a gradual uptrend in november...1800 break is key

my thoughts is gold is always gonna go up in the long term...the key question here is how fast it goes up...if it goes up fast like in July and August with no decent profit taking(people panic buying gold for safe haven investment) then consider taking profits ...if its a gradual uptrend then let it ride ..watch the highs and lows of the uptrend

jst my opinions
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