Dient U de waarschuwingen van de grafieken te negeren ?........
De grafieken van goud en zilver geven technische waarschuwingssignalen. Lees verder om te weten of U zich dit moet aantrekken......
Some of the best technical chartists in the business are flagging up a red warning for gold and silver right now. Both metals look overbought after recent price action and the extreme weight of speculative interest suggests either a major advance is at hand or a collapse on disappointment.
Underlying this technical analysis is a very solid fundamental analysis that compares autumn 2012 with the fall of 2008. Then precious metals took a big fall along with the stock market, gold lost 30 per cent and silver closer to 60 per cent. Will it be any different this time round?
Well we have not got to the stock market crash yet. It has not happened. We also recall similar dire warnings from chartists about precious metals right at the end of last year. The ArabianMoney investment newsletter dismissed them out of hand and was right. You would have missed a powerful advance by taking that advice.
What we don’t know this autumn is whether the magic of QE3 will continue to support share prices against the weight of falling profit forecasts, or even whether stocks will stage a perhaps final heroic rally on the re-election of President Obama.
It certainly looks like a time to be cautious, but so cautious as to sell out of long-term positions in precious metals? We don’t think so. You should also keep more than half an eye on the bond markets.
One day bond markets will blow up and that is when precious metals will really perform to perfection as the only safe haven and true money. Paper currencies will be blown apart. When you live in a dollar zone that appears a fantasy but if you live in Spain or Greece you would know all about the frailty of bond markets.
At the moment the speculators are all-in for precious metals but strangely they are not moving higher. Sometimes life in investment is like that. You pull and pull on the string and only much later does the proverbial brick fly and hit you in the face. But if you are not pulling you will not win the reward.
Patiently sitting on gold and silver as real assets in a perilous financial system is not only an insurance policy for a rainy day but a passport to untold riches if things go really wrong, and these days they seem to rarely go right.
Think too, if you sold out now would you buy back at the bottom, or would you just sit on the sidelines and miss the next, far more powerful advance in precious metals? If you track the market down are you not more likely to stick with it?
By Peter Cooper