muses of the moment

April 15, 2013

For those in a panic about gold….

Filed under: Martin Armstrong, Precious metals — Tags: — totallygroovygirlfriday @ 3:27 pm

Click here for Martin Armstrong’s latest blog post on the selling in the gold market. Many other recent posts on gold at his website here.

There is no reason to panic if you are long gold and have no margin, which is what you should have been doing with 10-20% of your investment savings. The days of trading gold are long gone.

Could be a bumpy road in the metals’ markets though August. Opportunities to buy on lows.

This type of movement in one market, affects others. Keep a sharp eye.

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6 Comments »

  1. GG,

    Buy US issued Platinum! Not tracked, they dont’ care … solid investment.

    Comment by MikePhila — April 15, 2013 @ 5:10 pm

  2. Any physical metal is good.

    gg

    Comment by totallygroovygirlfriday — April 15, 2013 @ 5:27 pm

  3. Thanks GG for the encouragement

    Actually I am a bit excited thinking about the rise after this correction. My guess is we aren’t too far off the low now…

    I can’t find what MA’s view on gold price after August. All I can find is that MA thinks the real rise commences in 1915.

    Comment by Firebug — April 15, 2013 @ 7:19 pm

  4. He said the gold would start a renewed ascension after August 2013, but he did not say it was a straight shot until October 2015. Just another rise after this consolation the past 2 years. And much more volatility!!! 15% moves could become the norm, not the exception. That is why you do not want to have margin of any kind in this market.

    gg

    Comment by totallygroovygirlfriday — April 16, 2013 @ 11:17 am

  5. Thanks GG. It I had any margin, I would have gone bust already… Very wise words from you…

    Let’s see how it unfolds

    Comment by Firebug — April 17, 2013 @ 7:11 pm

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