Since last two month we have observed that Gold and silver falling from their last 2 month high.
On Friday 3rd October 2014 Gold closed at 26510 while silver closed at 37845.
On Friday due to positive data in Unemployed claims in US dollar Index rise rapidly which force Gold to fall below $ 1200 USD in International market.
Although You have seen around 1500 points fall in Gold and 4,000 point fall in silver still their is no buying signal is being viewed.
So wait for further fall or else if you are a trader you can go sell on rise strategy and wait till Gold reaches at 26,000 level and silver at 36,500 level fr start investment.
As there might be more fall so with the above mentioned level start with small amount and hold rest money with you to average if necessary.
On Friday 3rd October 2014 Gold closed at 26510 while silver closed at 37845.
On Friday due to positive data in Unemployed claims in US dollar Index rise rapidly which force Gold to fall below $ 1200 USD in International market.
Although You have seen around 1500 points fall in Gold and 4,000 point fall in silver still their is no buying signal is being viewed.
So wait for further fall or else if you are a trader you can go sell on rise strategy and wait till Gold reaches at 26,000 level and silver at 36,500 level fr start investment.
As there might be more fall so with the above mentioned level start with small amount and hold rest money with you to average if necessary.
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