Gold's bull run continues to be nothing short of stunning. Driven by the continued concern over the dollar, inflation and the almost non-existent interest rates, gold is running wild.
As I have said a thousand times, the question is when, not if, the correction will hit? It is getting to the point where the run up on gold is becoming a bit scary. Like anything, people jump in to just jump. This creates an unsustainable upward drive, that will force the logical out of the market and the price down. When it does correct, the same people that jumped in so irrationally, will jump out.
The best advice for investing in gold is to simply hold steady or take some profits. Secondly, begin looking for other commodities that may be undervalued.
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Also, for any investor, knowing human behavior is as important as knowing the indicators. Despite the constant bantering of selling high, buy high. many people cannot do this. When they see a market such as gold driving upward, they are instantly drawn in. Watch and listen to what people are saying around you, what they are writing and look for news medias beyond the mainstream, this can often present keys to where a market is going.
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