Don't count gold out until it has crossed 1,200 per oz, at the earliest. The "sup[ply" figure has been artificially high, exagersated, for years, by a trick with the book keeping the IMF requested the Central Banks to do years ago, counting gold loaned out as if they still had it.
But try and always put in stop losses, so as to lock in your profit on rises, and try to learn how to spot bottoms of corrections. Entries at or near the bottoms and sells on dips is DEFINATELY better than a buy and hold stategy now, IMO. Based on 25 yrs experience.
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