I see a correction coming, yes. However, I bought because I’m sick of watching myself use the “I expect a correction in gold prices” as an excuse to avoid buying gold.
I cannot hesitate any more. Way back at $450/ounce I did the research and concluded gold was headed for $1,000/ounce in five years. So far it looks like I was right, but I missed making money on my prediction.
So finally I bought and I’m going to just hold that gold, even if we see a correction back to $640/ounce levels. Instability in global markets and flight from the dollar are the primary reason money will move into GOLD.
