Thread: Anyone give up?
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Old 22-12-2013, 09:10 AM
Altima Altima is offline
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Quote:
Originally Posted by havefun View Post
Come to think about it. Buying is waning this time round where most dealers still have abundant gold pieces for sales unlike the last time in april almost everywhere is out of stock. Is this sign that spot will go down further with lower physical demand? :
I believe it could signal the bottom, as more and more people get fearful and avoid investing in precious metals.

During the April madness where there was a brief supply deficit, aunties and uncles were all queuing up to buy gold. I was of the belief at that point in time that the bottom wasn't in yet.

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” - Warren Buffett
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