The IAU has treated me well through this Brexit vote. I entered back on May the 10th at $12.21, and I'm looking to take profit around the $13.10 mark, which would be about a 7.5% move to the upside.
If the markets continue to go lower, I can see gold going higher. It's important to keep in mind though the markets are moving with purpose and who knows when they'll cool off. Do I think gold is ready to turn back to the down side? Not yet. I believe gold is a safe haven investment for everyone, especially the people who are not market knowledgeable and are unsure where else to store their savings.
I would stay in gold a little longer, but I'm looking to take my profits after this nice move to the upside. Head on over to www.bearstobulls.com for more information on my trading and investing ideas!
If the markets continue to go lower, I can see gold going higher. It's important to keep in mind though the markets are moving with purpose and who knows when they'll cool off. Do I think gold is ready to turn back to the down side? Not yet. I believe gold is a safe haven investment for everyone, especially the people who are not market knowledgeable and are unsure where else to store their savings.
I would stay in gold a little longer, but I'm looking to take my profits after this nice move to the upside. Head on over to www.bearstobulls.com for more information on my trading and investing ideas!