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Precious Metals Analysis - Gold Bench Marks
March 25, 2008



Interesting 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 possibilities.

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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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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