Get out of dollars. That makes sense. But in practical terms we have dollar assets in places like IRA/401k where you can't buy gold. The best we can do is buy ETF's like GLD. ETF's are not the best, but the reality that is the only option available for many. Given this unfortunate reality, which of the ETF's provide the least risk ?
Great interview. I am struggling a little with the lingo - what is meant by gold being "overbought" and/or "oversold"?
I've beenlooking at various sites and the best explanation I could find was:
"Overboughtness is a measure of how far and fast prices run compared to some underlying baseline. An ideal one is prices' trailing 200-day moving averages".
In that case, how does "overboughtness" differ from a price break-out, especially when the price has been artificially held down?
Get out of dollars. That makes sense. But in practical terms we have dollar assets in places like IRA/401k where you can't buy gold. The best we can do is buy ETF's like GLD. ETF's are not the best, but the reality that is the only option available for many. Given this unfortunate reality, which of the ETF's provide the least risk ?
Good evening Alasdair,
Great interview. I am struggling a little with the lingo - what is meant by gold being "overbought" and/or "oversold"?
I've beenlooking at various sites and the best explanation I could find was:
"Overboughtness is a measure of how far and fast prices run compared to some underlying baseline. An ideal one is prices' trailing 200-day moving averages".
In that case, how does "overboughtness" differ from a price break-out, especially when the price has been artificially held down?