Tuesday, March 06, 2007

Gold Price Bottom on the 5th of March 2007

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 Sentiment Indicator has spiked at almost every major top and bottom in the gold price during the past year. Recently the Sentiment Indicator picked the last bottom in the gold price perfectly on the 5th of January at $601.

The last spike was the biggest in the history of the Sentiment Indicator and occurred on the 27th of February the day the gold price hit a high of $668.50 before this last correction started.

GOLDPRICE.ORG Sentiment Indicator Suggests the bottom may be in for the gold price and that now is a good time to buy gold.

On Monday the 5th of March 2007 the GOLDPRICE.ORG Gold Price Sentiment Indicator spiked which suggested a bottom occurred when the gold price bottomed on Monday the 5th of March at just over $632 per ounce.

Even with reliable indicators like this one there are never any guarantees. There is always the possibility of a lower low. That is why it is prudent to buy physical gold that you own 100% and why you shouldn't buy gold on margin.

GOLDPRICE.ORG highly recommends GoldMoney as a safe, convenient and cost effective way to buy 100% pure gold and silver bullion online, stored in a secure vault.

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