Is the safe haven really dead?
Hi guys,
I am bullish on Gold right now because it historically has been the safe haven for a weakening dollar, or any currency for that matter. The demand for gold is also rising, pushing the price up as well. Most of the stores that sell physical gold right now are completely sold out. It really just comes down to supply and demand. I personally do not own any gold, but I am quite bullish on companies that deal with gold. I just purchased a call option on GOLD (Barrick Corp). (Also the first option I've ever purchased, yay!)
Anyways, happy trading guys. Remember, the markets can stay irrational longer than you can stay solvent. May your winners be large and your losses be small.
- Matt
I am bullish on Gold right now because it historically has been the safe haven for a weakening dollar, or any currency for that matter. The demand for gold is also rising, pushing the price up as well. Most of the stores that sell physical gold right now are completely sold out. It really just comes down to supply and demand. I personally do not own any gold, but I am quite bullish on companies that deal with gold. I just purchased a call option on GOLD (Barrick Corp). (Also the first option I've ever purchased, yay!)
Anyways, happy trading guys. Remember, the markets can stay irrational longer than you can stay solvent. May your winners be large and your losses be small.
- Matt
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