Re: oz gold coin
The best way to play silver and gold is the volatility index and Fed. I was a silver and gold scrapper back a few years ago and would always liquidate as soon as I bought unless the market was in momo mode.
As for the future spot price, dont expect anything quick. Commodities tend to be direct correlation with each other. You will not see gold or silver make even a remote come back until oil makes a come back. Why are they correlated? Well, all of them are driven with fear based demand. A shortage of oil comes? That means turmoil for companies with fiat, so, silver and gold rally. You can mark my words in this thread, gold and silver are not done selling off. Oil will plunge into the abyss further until OPEC or something major happens. Expect gold to print at 1000 even an ounce soon. The only way gold rebounds is if the FED yanks the rug out from under Wall St on interest rates or some horrible econ news hits in the fall. The chances of Yellen doing that are about as good as hitting 10 powerballs in a row.
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