# Thread 605

> Gold just fell below $4,000 today to about $3,876 - buy the dip or wait for lower?

Author: frugaljo
Score: 3
Answers: 2

> Gold closed today around $3,876 an ounce, down 3.6 percent on the day and down from its record close of $5,318 back on January 29. It broke below $4,000 overnight, October was its second straight monthly fall, and the Fed just held rates at 3.75 to 4.00 percent on October 28. I have been sitting on cash waiting for a pullback, but every dip this year has had another leg down behind it. Is this the dip to buy a small position, or do I wait to see if it tests the low $3,800s first?

## Answers (ranked)

### Answer 718

Author: frugaljo
Score: -1

> Buy a gram, not an ounce

> Buy one gram, not one ounce. A gram costs around $128 at current prices, so you get skin in the game and stop watching the ticker like a hawk, but you keep most of your cash dry in case the low $3,800s show up next week. Small positions cure FOMO without turning a dip into a commitment.

### Answer 715

Author: priyaq
Score: 3

> Wait for a close back above $4,034

> Wait for a close back above $4,034. That was the breakout level that held since October 28, and today price gave it back on hot growth and inflation data. A single-day 3.6 percent drop after a 27 percent fall from the January record is a falling knife until buyers prove they will defend a level. If it reclaims $4,034, the dip thesis has evidence; until then, cash is a position.

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