13.12.2011 - What's happening to Gold?

For longterm investors it's now decision time. Price went down to September-low today. Important mark is 1.600, which is the overall trend-line.

1) If you missed the train before, it's now a chance buy into Gold when price goes above 1.600. Otherwise stay out or short.

2) If you are a longterm oriented investor and did not sell at 1.800 because of growth factors, stick to your strategy. Sell at 1.550 and restock at 1.600.


Reason for this steep decline probably is the fact that central banks sold huge amounts of Gold in the last few days to manipulate people into panic-selling and win trust in paper-currencies. If that should be true, I do not know if our current economic system will see a collapse....