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Gold soaring today

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Comments

  • purch
    purch Posts: 9,865 Forumite
    Maybe the commodities boom is back already

    It never went away.

    It was just went into hiding for a few months :j
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • wombat42 wrote: »
    Yes but if you put it in several months ago you would still be nursing a big loss:mad: It is still currently down from last year so it needs to go up much further.
    Gold & General's up about 21% on the past week - but down about 17% on the month. -48% on the year.
    You've never seen me, but I've been here all along - watching and learning...:cool:
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    Can you see a hefty sell up soon? I bet they are itching to cash in on these big gains.
  • phil_b wrote: »
    Can you see a hefty sell up soon? I bet they are itching to cash in on these big gains.
    I sense sarcasm, but G&G is back to where it was in about December 05. If anyone had bought in Summer 04 or Spring 05 and sold in March/April 08 they would have hit something like a 235% gain. I guess such volatility shows that timing is important, but if you can get it right you'll find a high point sometime.
    You've never seen me, but I've been here all along - watching and learning...:cool:
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