IAU ProfitsThe IAU has treated me well through this Brexit vote. I entered back on May the 10th at $12.21, and I'm looking to take profit around the $13.10 mark, which would be about a 7.5% move to the upside.
If the markets continue to go lower, I can see gold going higher. It's important to keep in mind though the markets are moving with purpose and who knows when they'll cool off. Do I think gold is ready to turn back to the down side? Not yet. I believe gold is a safe haven investment for everyone, especially the people who are not market knowledgeable and are unsure where else to store their savings.
I would stay in gold a little longer, but I'm looking to take my profits after this nice move to the upside. Head on over to www.bearstobulls.com for more information on my trading and investing ideas!
