Sunday, December 5, 2010

Gold Miners are Experiencing Difficulties

Some investment experts say that Gold is currently overbought at $1400. One experienced investor named John Thomas (you may have probably heard of him) recommends waiting for the Gold price to drop much lower than now before getting into another Gold Bull-rush. This sounds really good doesn’t it? Waiting for a better price than now to buy gold and seeing the price move higher after your purchase is certainly one ideal scenario. Gold is a precious metal where miners are experiencing difficulties getting the shiny, yellow metal out of the earth. Big, expensive, specially built trucks are used to carry earth out of the mines. Components of these enormous trucks like the gigantic tires are also difficult to produce. All the general factors sum up to the notion that Gold will be of receding supply hence pushing its price higher.

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