Gold
ByGold has been the in the newspapers recently as it breached the $1,000 level. Every time gold reaches an important milestone the gold bugs come and the newspapers report how gold may one day hit an astronomical amount. Although I believe has more upside, I still believe that it is better to focus purchases in the seasonal zone. Currently gold is flirting with the $1,000 level. It is up in its seasonal time but is bumping into resistance. Because October has traditionally been a very weak month for gold investors need to be very careful at this time. If gold is able to breach $1,000 before the end of September, then investors can use this level as a stop-loss. If gold is under $1,000 then investors should consider taking profi ts. It is better to err on the side of caution during the typical negative month for gold.
