The best opportunity was at the beginning of the last bull market.
The next best opportunity will be at the beginning of the next bull market in gold which could be a decade or more away, but hey, try your luck at catching the falling knife.
"I think we have to recognize that gold is in a structural bear market," Louise Yamada, managing director of Louise Yamada Technical Advisors, said Thursday on CNBC's "Futures Now."
Gold is down more than 8 percent this year and is on track to notch its third straight year of losses. "It broke down in 2013, exactly the year that the S&P 500 and the market broke out into what we define as a structural bull market," said Yamada, who noted that stocks and gold tend to move inversely.
But it's a descending triangle that has formed on the chart that has her most concerned. Technicians often recognize these patterns as a bearish sign that downside momentum is increasing. "The measured move from $1,400 at the back end of the triangle to $1,200 which was support has now been broken," she said. For Yamada, those moves suggest the next target on the chart is $1,000. "I think that will happen this year."
For Yamada, a move below $1,000 in the next couple of years could open up the floodgates to the 2001 uptrend line. "I think you could see a return to $800," she said.
Why would a US citizen need 20 ounces of gold? That means a family of four would hoard 5 pounds of gold in their house. Outside of some shiny and bright jewelry for the girls, this would have no useful purpose.
When you have 50 million oz Gold reserve sitting in the wings people try to scam you out of your shares.
Its falling because they want to split the company up..
I think its a ruse to get people to sell. So I bought 1000 shares for $950.
amen , but there is a 'no peeking' sign on the door