Gold Soars To Seven-Week High
“Buy more gold on dips,” Zulauf Asset Management chief tells Barron’s
Where is gold headed late 2011 into early 2012?
Well according to Zulauf Asset Management head Felix Zulauf you should be increasing your gold position at current levels because gold is in a normal holding pattern. At Barron’s 2011 Art of Successful Investing conference Zulauf said “Gold is in a long-term digestion period after the huge run-up,”.
He went on to say “I would give it a few months’ time to build another base, maybe between $1,450-$1,750 – that should be the platform then for the next move up sometime next year. Investors should be defensive, look to preserve capital and prepare a list of short-sale candidates for the next leg down. And they should buy more gold on dips.”
» Contact Cornerstone Asset Metals today to learn more about buying gold as an investment.
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