There are several reasons why I stick to my gold related long positions...for now:
- sentiment was VERY bearish lately
- gold usually bottoms before bonds peak (i expect bonds to peak soon if they haven't yet)
- the last two candles in the monthly XAU chart look really bullish to me. Let's see how the June candle ends...
- fundamental reasons: QE3 might be on the way, central banks might keep on buying, gold might be considered as one of the safer investments soon (next to USD and treasuries or particularly once USD and treasuries peak or once aforementioned are not considered safe any more)
- sentiment was VERY bearish lately
- gold usually bottoms before bonds peak (i expect bonds to peak soon if they haven't yet)
- the last two candles in the monthly XAU chart look really bullish to me. Let's see how the June candle ends...
- fundamental reasons: QE3 might be on the way, central banks might keep on buying, gold might be considered as one of the safer investments soon (next to USD and treasuries or particularly once USD and treasuries peak or once aforementioned are not considered safe any more)
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