Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

    Full endorsement on this opportunity - but it's limited, so get in while you can!

This Is Perfect Time To Buy Gold.


Recommended Posts

“Golden Cross” May Indicate This Is Perfect Time To Buy Gold 



The UK’s Daily Express newspaper recently explained why a technical analysis of gold prices may be signal to buy gold now. 


“The key technical level occurs when the 50-day moving average surpasses the 200-day moving average - literally crossing each other on charts.  The 'cross' has in the past been taken as a cue to buy among some traders and momentum-driven investors.


“Gold tends to be a 'safe haven' where investors stash their money in times of financial turmoil. In the years following the financial crisis, prices of the precious metal jumped to record highs of $1,900 an ounce, before dropping back down as the recovery kicked-in. 


“In recent months prices have been climbing back up amid fears of another global crisis… Adrian Ash, head of research at BullionVault in London, said: ‘Worsening fears over negative rates and political risks like Brexit have led the return of some money managers to gold. A fast-growing number of private investors have also begun buying gold as insurance.’


“However, experts have cautioned against buying into investment fads, such as the 'golden cross'. Laith Khalaf, senior analyst at Hargreaves Lansdown, said: ‘There are some traders who swear by the patterns they see in charts on their screens but I would be wary of following these signals, particularly if you don't intend to keep an very close eye on them and use them to sell out as well.


“’The reason to hold gold in your portfolio is as a hedge against catastrophe, but it should only ever make up a small part of your portfolio, no more than five to 10 per cent….’” (“Why this 'Golden Cross' graph is PROOF it's the perfect time to buy gold...”, Express, 3/2/16.) 


...even @ 1258/oz this weekend, still time to get in.

  • Upvote 3
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • Testing the Rocker Badge!

  • Live Exchange Rate

  • Create New...

Important Information

By using this site, you agree to our Terms of Use.