I got a call from someone saying Cramer is saying to buy Gold. Personally I think gold is a fear trade now especially internationally. There has been some speculation that gold is being bought to get out of US Dollar reserve by International Central Bank. I have no thoughts on this but I know for sure I think the dollar is going to hell and IF I were to buy a safe commodity here on the declining Dollar trade it would be OIL.
I am not much of an expert on the economics of Gold but the charts say it can go higher especially if there is a inverse relationship Dollar.
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- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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