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basant
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Quote basant Replybullet Posted: 02/Mar/2009 at 6:00am
The crowd is never right so wait for the times that the crowd turns in to buy and that WILL happen especially when gold is making its peaks. It would require a special set of mental strength to get rid off that yellow metal nearer to the highs because anyone who sells at 100 would like to buy back at 90 thinking it to be a normal reaction and as we all know bubbles collapse with a 70% drop so unless one is ready to cut his position at a loss one should not be playing with this commodity.
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Quote equity analyst Replybullet Posted: 03/Mar/2009 at 8:32pm
sold out all gold ETF at 1480 odd levels.....
"Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home."
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Hitesh Shah
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Quote Hitesh Shah Replybullet Posted: 03/Mar/2009 at 9:08pm
The problem with bubbles is that while they're inflating the majority believes the price growth is genuine. When it bursts of course the truth is out. I'm sure people followed the discussions on how much of the price of crude. That time too there were loud voices attributing the build up to pure cold logic of demand and supply and at the same time justifying the role of speculation in price discovery.
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Quote Hitesh Shah Replybullet Posted: 03/Mar/2009 at 9:37pm
Oops! No edit button here!

The problem with bubbles is that while they're inflating the majority believes the price growth is genuine. When it bursts of course the truth is out. I'm sure people followed the discussions on how much of the price of crude was due to demand & supply versus speculation. That time too there were loud voices attributing the build up to pure cold logic of demand and supply and at the same time justifying the role of speculation in price discovery.
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paragdesai
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Quote paragdesai Replybullet Posted: 03/Mar/2009 at 9:39pm
One year is very short time to forget about what happened with SENSEX & CRUDE OIL. Most of us think twice before going long in GOLD from this point. That dose not mean that GOLD can not go Northwards but fear of BUBBLE BURST is always remain at the back of mind.
Luck is what happens when preparation meets opportunity ....
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ameetparekh
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Quote ameetparekh Replybullet Posted: 03/May/2009 at 9:48pm
nobody should invest more then 10-15% of their portfolio in gold.diversification does help.not investing in gold at all is not a sound advice.do not forget gold has kept its value intact for the past 3000years versus equity (100 year ).
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