However, as both gold and silver reached some kind of cyclical bottom a sharp rally then followed:
gold 179$(736$ - 915$) and silver 3.51$(10.24$ - 13.76$).
Currently gold is trading around 877$ and silver 13.20$.
Despite or given the recent extreme volatile price action it is likely that an important cyclical bottom is in for the price of gold and silver.
Gold support and resistance : ~736$, ~831$ <> ~905$, ~988$, ~1032$.
12 comments:
$830 sounds like a good long chance
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The Coming Depression
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Just looked at the market situation today, and gold has dropped so much. When will this crisis end?
hopes $640 Gold may end and reverse the current down trend.
$681 is pretty attractive level.
It's great blog.When it comes to gold we cannot see a huge drop as happened in the stocks.Always the value of the gold will be increased as we see from the graph.
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I think people who do not own gold will see there savings decline quite substantially over the next decade with all the recent money creation that has occurred.
Michael Martin
http://www.buygoldbullion-online.com
Wow...those prices would reflect an exceptional buy opportunity in today's market. So much for the value of a dollar.
Is gold rate high at this time?Whether i can sell my gold coin or not?
Krugerrands
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