scottsloon

Right-o, will do - for now anyway. Still, I think the advice the guy’s offering, is with a fairly short term view, and it’s probably most targeted at folk who bought in dollars in the last year or so, some of whom may be starting to feel a tad queasy.

Some useful advice from Kitco? ``Investors should sell into rallies and only accumulate at $675, $640, $580, and $540 if those targets are reached,'' said Jon Nadler, an analyst at Kitco Inc. in Montreal. ``Gold lost some of its safe-haven attributes in this last crisis. Liquidations and deflation are alive and well.'' http://www.bloomberg.com/apps/news?pid=206...mmodity_futures I dunno, seems to me what's far more relevant for folk who bought in sterling is $/£ direction in next wee while. If it's up we're in trouble, keeps going down then we're fine. I bought some gold back January, I think the rate was just on $900 dollars/oz, and I paid £461/oz, now in dollars it's way way down, but still near enough 460/oz in sterling!