This is a follow up post to the previous one...why am i posting this? because i know ppl are greedy.. so am i,,,that we forgot to get off...and end up follow it up and down ...getting nothing out of it in the end..

Take profit when it is time...afterall this is what investment are for!...

This post is to tell you to sell when your target is reach, dont be greedy...that is my point of view...

Good luck to all  who got gold and silver.....

HI August,

                thanks for your info and analysis. I will be buying some gold ETFs too in time to come. Hope to see hitting beyond USD100 by this year ;)

cheers,

oinkoink

Structure of Major Wave TWO: London PM Fixings.

That template forecast a low for Large wave II of $850, so the actual result of $853 is remarkably close to that forecast. The following updated template is not much different from the above one because the low for Large II was very close to the forecast :

Revised Wave Labels

1200 or not?? no one can tell...really no one.....but if you go to this website and see , u can see the bigger picture for gold...from 2000 till current, if u put yout $ here u are much much better off than stock like i did..but as i say everything is a bubble, so do be alert, get out when it is time...this gold bull is also a bubble, but in it middle stage..unfortunately, i was nimble from 2000, only beginning of 2007 that i go big...now more on silver.

For me i prefer stock and unit trust, they run faster as the gold bull gallop on...i am in for profit... i am not gold bug who see doom and gloom...but the gold story are going to be play soon...get on fast.

Hi cheongwee,

                       I read from a report that gold will hit USD1200 this year..in yr personal opinion, do u think it will be realized? When u mention stock, do u mean u have vested in SPDR Gold shares in SGX? I'm interested to buy too but dunno what price should i get in...

Cheers,

oinkoink

I can give suggestion but you must hold yourself responsible for your action, i am not gold bug, i still do not see doomsday scenario like those gold bugs do...they buy physical...i go for gold stock , but you got to be careful, some are empty shell, so i suggest u buy unit trust....DWS Noor Precious Metal..or United Gold and General( this one include oil), but the first one is in purely precious metal..i.e gold and silver only.

Why i like stock ? because historically, stock have a beta of 3 to 1 over physical, that means 1 time increase in physical gold px, stock will go up 3 trimes., but currently this is not so, but i am confident this will come abt soon when gold is in 4 figure number.

If u are risk avert like me, i have twist to 80% to silver and silver stock, but this i do not suggest, it is h risky, u just buy DWS Noor Precious metal..and United Gold and General., thses 2 will do well.

Why silver?  silver historically outperform gold, and what better time to acc then now since ppl are not chasing it...silver return 18.7% over the last 7 yrs from 2001..currently GTS ratio is 1 to 73...that make silver dirt cheap.

I do buy these 2 unit trust...United Gold bought from 0.5x till adding on and DWS Noor..from 0.8x till 0.5x..and last week just bought GDX, and SLW...i think u just buy the unit trust will do well..

U can say i am vest here heavily, i believe the gold story will be play out soon...50%.(metal) 20%(equity)...30% cash....ride on the gold bubble...good luck.