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Precious Metals Analysis – Gold Bench Marks


TM-NEWS.gifInteresting Analysis of Gold and Silver Trends

Here’s a quick recommendation. Check out Merv Burak’s article from March 23rd on The Market Oracle website. Burak wisely has taken some time during this precious metals consolidation period to examine the upward climb with an eye towards benchmarks and pivotal points. In particular, he points to $885 and $840 as primary up-trend spots in Golds ascent since about the middle of last year.

I recall that Gold was just under $800 for a period last November and sits just above $900 today, representing a $100 rise in about five months. With the last few weeks consolidation trimming off roughly $90 after Gold’s peak of about $1030, it is definitely a good time to reflect and consider options and possibilites.

As always, I suggest that you read as much as you can and consider carefully before investing your hard fought earnings. This is as true for investment as it is for numismatic collecting.

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One Response to Precious Metals Analysis – Gold Bench Marks

  1. Koichi Ito says:

    Since your rare coin collection is an asset but not your car and house! So you can read Poor Dad, Rich Dad by Robert Kiyosaki. This book teach how rich person and poor person thinks. For example you invest money in your house or car which is liablity, that is losing way this poor people invest. If you bought rare coins and gold and silver bullions, it is winning investment, this rich people invest. So please read this book by Robert Kiyosaki "Poor Dad, Rich Dad". And soon you will be singing different tune, instead of working hard for money, you can let money work hard for you!

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