Time to sell or buy?

On my previous posting, i stated that gold prices are in a temporary summer retreat. Some analysist claim that this is the start of a downward trend. While there currently may be some downward pressure from the markets, I feel this is more of a correction than a trend. The fact is economic uncertainty and monitary pressures should continue to apply upward pressure on Gold and Silver.

Trading any commodity is a risky venture. A strategy of selling a commodity to re-buy at a lower price later has caused me losses more often than not. Short term trading strategies rarely bring the same returns of long term investements, at least not for amatures.

If you view gold as a vehicle of securing your future, dips in the market should be used as opportunities to increase your holdings rather than playing the market for short term gain. Selling at the wrong time means loosing your investment and re-buying will certainly cost more. If you really enjoy playing the market for short term gain, there are plenty of better gain opportunities in stock market, of course with greater loss risks as well.

Gold is a haven of security. Until economic and monitary uncertainty has been resolved, Gold will retain and increase it's value, remaining one of the most secure investment vehicles around.