Saturday, February 21, 2015

$1200 stop hunts on gold twice with no momentum

Gold was pushed under $1200 US twice to end the week, neither time stuck.

With two efforts at igniting momentum at $1200 and options expiration, $1200 looks like a nice entry point for gold.  If you see $1180 - $1170 maybe time to reconsider if you are a short term paper player.

Here is a spreadsheet on Google Docs that has the price of gold and silver and the gold silver ratio.  It also has some quick calculations for 90% gold and silver and 40% silver.  Might help some people next time they are at their Local Coin Shop (LCS).