Wednesday, September 29, 2010

When to take profit on Gold

Gold is reaching new highs everyday and it is quite possible there will be a correction. However, I believe the uptrend is still on tack as long as the Federal reserve and other central banks are printing money like crazy. The only thing will stop them is higher inflation. I will sell gold when inflation starts to go up. On good indication is ten-year treasury yield. If the yield go above 3.5%, take profit on gold.

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