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what do you think a good entry price will be now?
Deflationary pressure will send the markets crashing early next year, maybe as soon as first week of trading. Charts points to a lower January, I'd wait or go short next week
Thanks guys, I am not going to go short though.I will scrap my 1.83 limit buy,Then watch the dollar for weakness before buying.
Here's a scary senerio,Defalation drops everything: Gold to $1500, Silver to $25 and GPL to ... well use your imagination.... AND THEN...BAM !GPLs crakerjack management team comes out and announces that arethey are Buying another mine... GPL could be under $1 next year,If that senerio plays out.I think it's best to wait and see.BTW... Oil and Gold seem to be diverging.It looks like OIL is going upon world events, but Gold isn't.Hmmm...
sonya,It depends on what silver does.The charts say $1.78 , BUT...I think it's best to take a wait and see approach.GPL has a lot of resistance pointsso there will be plenty of time to get back inonce Gold and Silver have a confirmed trajectory.$1.91 may still be a good entry pointif Gold and Silver turn back up,Just be ready to sell if it breaks below that.
Look at history.Look at 1980.Don't buy the dead monkey bounce off the first decline.$45 is the Natural Top for silver.Don't buy the first bounce.