Where is Gold heading???

[trader]

Hi traders

I have been thinking of trading Gold lately. Gold is a safe haven and times are uncertain these days (each day brings new surprises), is it time to sart trading it??? What do you think folks?

Thanks

[tony]

Hi traders

I have been thinking of trading Gold lately. Gold is a safe haven and times are uncertain these days (each day brings new surprises), is it time to sart trading it??? What do you think folks?

Thanks

Two important things about trading Gold is that Compulsive trading is an instant killer, and even a successful trade made in haste and without putting too much thought into it is a bad one in the long run as it gets you used to a bad habit. Dont trade a lot, BUT trade smart!!!

[Ben]

Hey peeps;

Personally, i think Gold tarding is very beneficial, news about trading it are all over the place. But again, how do we explain the fact that the billionaire investor George Soros, sold most of his holdings in the bullion-backed SDPR Gold Trust and iShares Gold Trust funds???

[tony]

Hey peeps;

Personally, i think Gold tarding is very beneficial, news about trading it are all over the place. But again, how do we explain the fact that the billionaire investor George Soros, sold most of his holdings in the bullion-backed SDPR Gold Trust and iShares Gold Trust funds???

I have just checked the Gold chart when he sold his.......And i think he regrets his decision as the Gold kept going up...

[Ben]

Gold won't going up forever. Commodities have their cycles and commodity boom won't last forever.
I personally think that most of the commodities are over-priced, especially Brent Crude and gold.

[Regis]

Is still in the green if you want to go Gold, but do consider if it going to part of your profile or you going to throw all your eggs in one basket.
While it can be said that Gold will carry on it price to maybe 1800 or maybe reach 2k like many had said, but by far Gold had peak almost every other week, so be careful when it dive.
Ask yourself one question , can you afford to hold it for another 10 years .

[Rainmaker]

Gold investment should always been seen as a long term investment project i had seen some people jumping in for short term profit, while the market is driving it higher every week or so, there are all watching it like the mouse over the cheese trap.

[BearKing]

I invested in Gold myself and got them when it was slightly above 1.1k but i had no intention to follow it and had put it away for a longer term return, maybe when my kids is older.

[Ralph Richard]

Seems like gold is trading in range now so it present a nice opportunity to make a decent profit in short term.
Just remember that gold (like most of the commodities) can be very volatile and you have to assess the risks involved.
Make sure you don't over-trade and/or over-leverage and good luck.

[SPEED]

i know people trading in Golding rounding up 2-3k margin every week, but the risk there take is high, but on the rule of thumb is to watch it and be ready to gain by losing a little.
in my view if i have the extra fund i would jump on it as i see it heading up. the only worry i had is the political instability in many country now.