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Wednesday, November 08, 2006

Gold Price Sentiment Indicator Suggests Intermediate Top on November 5th

The GOLDPRICE.ORG Gold Price Sentiment Indicator is based on a number of variables related to website traffic on and other popular gold and silver websites around the world.

Our previous update on October 8th suggested a major bottom had occurred on October 4th 2006 at $562. We recommended our subscribers buy gold at this time. This turned out to be spot on. As you can see in the chart above. The gold price (the red line) has been rising steadily since then. You can also see our sentiment indicator the blue line spiked exactly on the October 4th bottom in gold. You can also see that it spiked at almost every other major top and bottom in the gold price during the last 6 months.

GOLDPRICE.ORG Sentiment Indicator Suggests an Intermediate Top in the Gold Price occurred on November 5th, 2006

On the 5th of November 2006 the GOLDPRICE.ORG Gold Price Sentiment Indicator spiked which suggested an intermediate top occurred on that date. The gold price closed at $628.1 on the 5th of November and has been falling since then.

The next update to the GOLDPRICE.ORG Gold Price Sentiment Indicator will be provided when it spikes again suggesting a bottom in the gold price. We expect this will be the last correction before the gold and silver price rockets. This will be one of the best buying opportunities when it occurs.