Hello from NZ

[goldbankaccount]

Hello Everyone

Mike here from New Zealand. I am a self - confessed gold investing enthusiast.

Hope to meet some interesting points of view here.

 

[AW10]

Welcome to the forum Mike.
Your gold is buzzing now.. It is able to hold $1000 mark (rather $1050 as well)..
What is your reading ?
Which instrument you use to trade gold - etfs like GDX, GLD, IAU or Gold future contracts ?

Happy Trading

 

[goldbankaccount]

Thanks AW

I think gold may go to as low as $980, but if it hits there it will certainly take off again. I seriously believe it will probably hit $1200 by next March.

I am not a classical trader, more a hedger against the collapsing $US via precious metal investments. My unique spin on this is trading the Gold/Silver ratio at classical "turn about" stages, going between both gold and silver and not going back into dollars.

This trade i may only do 2-3x per year, very boring but ALWAYS profitable and safe!

Cheers Mike