Thursday, 27 June 2013

Gold is heading for 1200

Dear Friends,

Recently on radio, we did mention we predict gold to be heading for 1200. It sure looks weak at this moment, Yesterday in the day, gold at one point drops $50 to reach a low of $1223. Like what we mentioned, we think that it is heading at least to 1200, where we think might have a strong support.

http://www.danielloh.com/2013/06/gold-support-is-at-1200-now.html

Let us see if it happens.

By the way, some of my friends recently asked, what should we do if we have position? Long term wise, we think you should never have invested in gold. It is on a long term downtrend, You will never see gold at $1930, the highest point, for the next 10 years. Short term wise, we think there is a rebound. You may want to take the opportunity to sell into the rebound.

Good luck with trading gold, a "safe haven" that is never really safe!

Rgds
Daniel

Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

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