We’re at an important crossroads for this bull market in
Every bull market enters these crossroads, and even the most
fearless bulls are tempted to give up – to sell out of their
positions and consider themselves lucky that they were able to be
along for the ride – and to escape with any profits at all.
I’m going to post a chart that I’ve posted before to help remind you
of the real danger in "getting out" now.
Right now, I believe we’re at a period not unlike early 1975.
Then, as it is now, the uptrend is still intact – and gold is still
above the 65 week moving average:
Now, there’s nothing special about the 65 week moving average, but as you can see from both the 1970-1980 chart, and from the modern chart, buying gold when it’s at or under the 65 week moving average is a pretty good strategy for averaging in.
Typically, buying under that moving average will give you the best price you’ll get within a year.
So if you’re waiting for another time to buy – then your day might come.
But if you’re looking for the exits, then my personal belief is that you’re a bit premature – and that if you sell out of your gold (and silver) positions you will regret it.
Be patient. Be diligent – and have a plan for your investments.