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I’ll keep this issue brief, because I know you have shopping to do (or to try to ignore) but there’s a very real opportunity – a market based opportunity – that’s going on right now with gold.
Gold goes on sale a couple times each year at most – and each time it goes on sale, it’s a no-brainer buying opportunity.
What do I mean by "on sale?"
Take a look at the chart below. I’ve plotted the price of gold over a 3-year period, as well as the 50 and 200 day moving averages in blue and red respectively.
As you can see from the circles on this chart, any time gold dips below the 50-day moving average, it’s been a great time to buy.
In the 6 previous times gold dipped below the 50-day moving average, gold surged by at least 10% in the next 6 months.
That’s a solid trend. And if you’re looking to do some shopping today, it’s a true bargain to buy gold right now.
It’s not a manufactured shopping mall sales tactic. Gold is on sale – and it’s not likely to remain on sale for much longer.
If you want to buy gold, but haven’t ever done so before – or if you’re still not feeling too confident about how to buy gold, let me know, you can access a totally free guide to gold (and silver) buying by clicking here now.
As always, if you have any questions or comments, please send them to me at [email protected].
Have a great holiday weekend,
Kevin McElroy
Editor
Resource Prospector