Wednesday, April 25, 2012
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Time to Ponder
As of the end of March, Gold prices are in an 11-year-old uptrend and the long-terms bulls can correctly argue that until the
uptrend is broken, the longer-term prospects for gold still look positive. Next week marks the start of Q2, which will be important for Gold; if the precious metal can maintain its posture at $1660.00 shorter-term bulls will
emerge with a current psychological resistance of $1700.00 and technical support at $1629.80 an ounce. Silver also has its fair share of work to do with regards to investor interests, holding a psychological resistance of
$33.19 and a technical support at $31.09 an ounce.
Now is the time to buy into the Gold and Silver market while the prices are fair. Precious metals are tangible assets that work
as a safe-haven investment against market uncertainty and inflation of the U.S. dollar. To learn more about how to buy real physical gold/silver go to here. Buy now as an investment and treat this as part your on-going savings as the metals shall increase indefinitely. Keep or liquidate anytime, up to you. But remember silver is poised to increase, it's cheap now around RM100 per troy oz. Buy Silver or Gold
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