By: Nigam Arora
Over the last few days I have been getting a lot of email from precious metal investors who feel like they got burned buying gold and silver near their highs last month. I am writing this article with the purpose of helping you buy gold and silver without getting burned.
Last month when investors were rushing headlong into gold, I was interviewed by Ms. Daniela Cambone of Kitco News. Those who watch her show know that she is an excellent interviewer and is always current with what is happening in gold. You can see the interview by clicking here. In the interview, I was saying that gold was likely to come down. A few astute investors want to know how I knew that. I use proven sophisticated algorithms but you too can use some of the principles behind these algorithms. These are the same algorithms that gave the signal to back up the truck and buy gold when it was in the $600 range and subsequently gave a sell signal when gold was $1904.
Let us explore by looking at a chart and two tables.