Thursday, December 31, 2009

Gold Rebounce

Gold for December delivery rose $5.30, or 0.5%, to end at $1,125.70 an ounce on the Comex division of the New York Mercantile Exchange.


The dollar and commodities prices have had a strong inverse relation in recent trading, with a stronger dollar pushing down gold and oil prices in the past few days.




Now that the gold has fallen by about $100, it is time to buy again guys. Invest when others are afraid, that is the most palpable rule of Warren Buffett.

When people sell because gold prices plummeted, it is a hint for you to buy like no one's business.

Gold being a commodity will be a precious long-lasting investment to hold on to, it is touted as one of the best investment in the commodity market.

Credit -marketwatch, -goldpricetrend

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