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But I've been wrongly calling the top of gold (George Soros, seems to be doing the same, LOL) for awhile now... It's due for a drop, and the price action/volume is pointing to some technical signs for a breakdown. On the sidelines for now, but DZZ's on my watch list - only concern is it's thinly traded. |
cool... unless you are a hedge fund and move markets, you can never be "right" on a commodities position... just go
In the case of gold, it looks like a long-term bubble... I think there are a lot of scared people out there... sadly lemmings... any time I hear radio advertisements for old people to invest their money in a class of investment, I do the opposite... And then you can simply look at a 7-year chart I will ride DZZ down to 1,400-1,500 / oz... bought at 4/sh Also, why worry about the volume on dzz? it correlates perfectly to gold spot, and the sponsor is solid |
$100k is life changing money so I'd pay a few bills off. Develop a long term diverse investment Portfolio. And put some cash in the bank for emergencies.
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