19 August 2011

Gold : Parabolic Rise = Alert

  • Started "investing" in Gold in Apr08, around USD 800.
  • Rise is now in the parabolic stage = warning sign of a bubble. Eventually, all such charts come crashing back to earth. When it does, it's usually impossible to get out without suffering huge slippage in execution.
  • Better to start averaging out now on own time-table than to try exiting on the way down.

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