Traded Value
OptionsLast time I said don't panic, gold was still over $3000 per ounce. Now it seems the bull market isn't over yet, it's just consolidating and shaking out weak hands. No panic.
$Pro Ultr GLD(UGL.US) The recent gold crash has scared many people. Here are a few points I want to make: 1. Gold cycles are measured in years—10 years bull, 10 years bear is the norm. Gold investment is no different from value investing. 2. There are many reasons for this gold bull run, mainly geopolitical tensions, great power competition, and the U.S. debt crisis leading to a loss of trust in the dollar. 3. Central banks are the main drivers of this bull market. When they stop buying, then we can talk about the end of the bull run. 4. Don’t rush to buy the dip—wait for the right moment.
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