12-07-2010, 10:56 AM
I actually sold my main gold position today. I think gold will continue to rise until the Fed starts raising rates, but I feel like a correction has to come fairly soon.
If you believe Goldman Sachs are the smartest guys in the room, though (and let's face it, they are right more often than not), next year is going to be great for stocks AND commodities.
http://finance.yahoo.com/news/Goldman-Sa...8.html?x=0
25% upside on the stock market...gold to around $1700...oil to $105...definitely seems like a time to have as much money in the market as possible. It's not like you are going to make anything by socking it away in the bank...
If you believe Goldman Sachs are the smartest guys in the room, though (and let's face it, they are right more often than not), next year is going to be great for stocks AND commodities.
http://finance.yahoo.com/news/Goldman-Sa...8.html?x=0
25% upside on the stock market...gold to around $1700...oil to $105...definitely seems like a time to have as much money in the market as possible. It's not like you are going to make anything by socking it away in the bank...
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market