I've been saying how much I disliked Gold from 1600 - and now Gold is selling well below 1200. Not gonna say 'I told you so', but - if you ARE still holding Gold - PLEASE, for the love of God SELL!!!!!!!!!!!!!!!
That said - someone asked - is there a level I'd become interested - the answer is yes - somewhere around 200. Not kidding. Sell Gold. It's Worthless. It's just a shiny metal with no industrial use. Even silver actually has 'real' value as it's used for some industrial purposes. Though, I'm not saying to buy silver either. I've been saying sell ALL commodities for some time and if you've been following/listening you've made/saved a lot of money. Oil, Gold, Silver have all crashed. Hard.
That said - someone asked - is there a level I'd become interested - the answer is yes - somewhere around 200. Not kidding. Sell Gold. It's Worthless. It's just a shiny metal with no industrial use. Even silver actually has 'real' value as it's used for some industrial purposes. Though, I'm not saying to buy silver either. I've been saying sell ALL commodities for some time and if you've been following/listening you've made/saved a lot of money. Oil, Gold, Silver have all crashed. Hard.