Sunday, October 08, 2006
The GOLDPRICE.ORG Gold Price Sentiment Indicator is based on a number of variables related to website traffic on goldprice.org and other popular gold and silver websites around the world.
The chart above shows a history of the gold price versus the GOLDPRICE.ORG Gold Price Sentiment Indicator going back to 2005.
As you can see the sentiment indicator spikes have correlated amazingly well with most of the major tops and bottoms in the gold price during 2006. Over time as the website traffic has increased and the sample size has grown the sentiment indicator has become more accurate.
Sentiment Indicator Suggests Major Bottom in the Gold Price on October 4th, 2006
On the 4th of October the sentiment indicator spiked which suggested a major bottom occurred on that date. The gold price closed at $562 on the 4th of October.
Buy Gold Now!
If the sentiment indicator is correct as it has been for the recent major bottoms in the gold price, right now is an excellent time to buy gold. The next update to the sentiment indicator will be provided when it spikes again suggesting a intermediate top in the gold price.
goldprice.org highly recommend goldmoney.com as a safe and convenient way to buy physical gold online.
Posted by goldprice at 5:24 PM