FOOL'S GOLD – II

The last time we covered GOLD was when it was ranging between dollar 920-950 levels (FOOL’S GOLD). Well we have had a financial crisis and so much activity since then. But the crisis commodity is still sub 900. And as anticipated it did push lower back to sub 800 levels till 730. What happened? Why though the world talked about GOLD, the final hedge, the capitulations and the panic, there were historical volatilities, the destruction of real money, implosion of capitalism, the crisis commodity just did not move up? Why is it sleeping? This is another question which we may not understand.
Though we all have an opinion, it’s the time forecast which traps most of us. Gold is forever, but when to BUY is the only question that matters. 21 Apr 2008 was not a good time to be in Gold and it’s been six months since we said that, saving you the heartless wait and prayers of rises and hope that the crisis would push up gold. But Gold remains there, stay put, doing its own thing, keeping us on tenterhooks.
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