I think Gold has reached it’s near term bottom and agree that we should see some sideways trading.  I discussed the bottom a few days ago and felt that $1540 was give or take the bottom and it was a good time to buy gold if your looking to get into gold.  Well two days later and we are up to $1578 an ounce.  Not sure if today’s gains so far will hold at closing but we should see gold around the price of $1550+ for the next couple of weeks as it stabilizes.  Buy the dips and I think this is the bottom area of a huge dip.  Check out JMBullion and Silvergoldbull.com for low above spot pricing.  They both also offer free shipping.

Gold prices are flat today.  The price of Gold has fallen below $1560 an ounce and it’s tough to determine if we are going much lower.  Some stabilization seems to be occurring in the market.  My opinion is that picking up some gold down here is not a lot of risk for long positions.  If you were buying gold in the $1650-$1700 you can really average down your cost per ounce.  I would stay out if your looking for a quick flip, but those willing to hold should see a decent return within the coming months.  Silvergoldbull has great pricing on 1 oz gold Swiss bars and a free shipping coupon at Silvergoldbull.com coupons.

Huge savings until May 13 with Silvergoldbull coupon on 100 oz Silver bars.  For a limited time use the Silver bars coupon and save $.30 an ounce at silvergoldbull.com.  Silver is currently trading at $30.13 and down about $.30 on the day.  It’s really low right now, but I’m confident that by the end of the year it will be considerably higher.  If your going to buy, it’s always to best to buy it when it’s getting beaten down and wait for the next move north.  Get the coupon at Silvergoldbull.com coupons.

Silver prices and gold prices are way down.  I think gold will drop closer to $1600 an ounce before it moves back up.  I think the best buy right now is in Silver.   It’s actually up a little today, but when it was close to $31 I was buying it up.  You may see silver prices move around a lot in the next couple weeks but for long term buyers, I really do think that silver will close the year in the $34-$35 price range.  This is not a bad return and a conservative expectation on silvers price at year end.  If you asked me my guess, I think close to $36.  One of the biggest reasons I like silver for long term growth is the demand for silver use on emerging products, especially in batteries and the medical field.  A lot of the newer technologies incorporating silver will also lock up silver used from being recycled making silver more rare in the future.  Keep in mind that we are talking many many years here, which is why I don’t agree with the crazy people running around saying silver is going to hit $80+.  It probably will but not anytime soon like they are predicting.  $40 silver is not unreasonable based on today’s data.  10 oz silver bars are on sale if your looking to invest in some silver bullion.  Use the coupon at SilverGoldbull.com.

A great way to invest in gold is to invest in Gold American Eagles.  The Gold American Eagles and Silver American Eagle coins are extremely popular and sell out year after year at the mint.  They offer a great way to invest in gold with guaranteed purity and weight.  They are also so popular that they are always liquid when you need to sell them.  If you want to invest in few ounces of gold, Gold American Eagles is a great way to do it, rather then buying gold bars.  If you are going to go with Gold Bars, I recommend trying to stick with the larger Mint names gold bars.  J.M. Bullion is offering great pricing when I did a comparison of several online metal stores.  You can gold bars by PAMP and Swiss Metals from them and a great price on Gold American Eagles.  Check out the deals at J.M. Bullion.