someone asked me recently, should i buy gold since it has fallen quite a bit? my reply was,
1) firstly, gold has been on a 10 year bullish run, therefore the recent bearish sentiment is not very significant as yet, as shown in the chart above.
2) secondly, gold prices might not recover anytime soon, posssibly in the next year or so, there is still a strong selling trend.
3) gold does not pay cash dividends, wad u get is resource appreciation if you choose to invest in it, so shouldnt u buy gold as low as possible when the market is bullish on it instead.
5) never try to buy against a market, buy when its on an uptrend.