About two weeks ago, I posted an article on gold in which I stated that I felt the short-term upper resistance mark for gold was $1,358.50 (I know that there are some who feel that that resistance level is somewhat higher, e.g., $1,370s, $1,380s).
Whatever your thoughts, I believe "the worm has turned," at least when it comes to gold, I see that prices this morning are higher; they've jumped over this $1,350 level.
I'll preface what I'm going to say by mentioning that I own shares of a top-tier gold mining company. I'll also state that I've always purchased gold as an "insurance policy," as a hedge against an unexpected "black swan" events.
Everyone is a free agent. You do as your finances and risk tolerance allows you. Yet, in my opinion, this would appear to be an opportune time to consider investing gold.
__________________
Walt (Teach)
"Walt, make a 'mental bet' and lose your mind." R.N.S.
"The important thing is what I think of myself."
"David and Lisa" (1962)
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