Martin1983

What's the latest COT report look like and, as you put so much faith in it for your trading, what timeframe would you anticipate for this major fall to play out?

And that is why it should only be a small % or your net worth as I mentioned.Many here get confused between price and value as part of a balanced portfolio.  Do not listen to any people who have a vested interest in making you buy or sell. Do your own research.   Cost averaging in is a sensible approach for investment. It protects you somewhat from any large ups or downs over time. Only gamblers and those playing with other people’s money make large short term bets.

The Cat also took a look at the Gold price at $1645 and the Trillions of stimulus announced recently and yawned before curling up and going back to sleep!

At least the Cat investing performance is actually debatable, unlike the Gold price direction from here, which is down! 😉

Being new to this would it be easy (probably not) to say if I should invest in gold/silver now or not for medium to long term investment and possible trading if prices are favourable?
There’s a lot to try and take in and I am trying to learn fast...

Bitcoin going down to $1200???????????

Short gold right now is a pure gamble play. I'm neither bull nor bear, I just like to make money. Hopefully you have a stop loss. My goal is not to make money, its really not to lose money, the rest follows. I'd stay long gold, no reason not too at this point. 400-600 is an absurd statement, no reason to take that serious. You can print all the graphs and charts you'd like. Color them with your crayons and frame them.