However, for any investment there is a value point where you start dollar-cost averaging into a long position, because the price is already so low. It if continues to go lower, you just keep buying more and more.
Don’t forgot the long view: Oil will likely be 200/bbl within five years.
Starting today, I am dollar-cost-averaging back into gold. This time I’m trying some leverage: started today with 3%-of-portfolio nibble on “UGL” (PROSHARES TR II PROSHARES ULTRA GOLD)
You see, I’m not sure we’ll see $700/ounce again. I think we will but I’m not sure.
