The High is now in at 1300$.
I will work on my patience and my accuracy since i went in a bit early. Gold is in a general downtrend and will continue to be so for many months in US-Dollars since the Dollar is in a multi-year uptrend. The two can and will rise together but not yet. I read an article about chinese investors who buy stocks based on wether the stock symbol is a lucky number. I wish i could tell you guys that yes, lucky numbers exist but the timing also has to be right! The Chinese Renmimbi will devalue against the US-Dollar and the Shanghai Composite is still in a downwards trend. The best strategy around this is to hold US-Dollars and invest in the DOW Jones as it is still in a bull market and will go up in a appreciating currency so you get currency gains too. Also, banks in China and many Investors think that house prices will just keep going higher and higher. Well, they also thought that in Japan 1989 and in the USA 2007 and then they went bankrubt when prices dropped. If you are smart, you sell your house/appartment now while there are still buyers for it. Comments are closed.
|
AuthorPascal |