If you are watching GOLD prices you know it has fallen in the last two weeks.Krugerands are trading at $1136 each, down from $1250. The 200 day moving average is at $1025. This is the average trading price for the past 200 days.
If GOLD falls to the 200 day moving average, this is a good time to buy.
Historically GOLD has only briefly dropped to the 200 day average and then reversed and gone up.
Note: GOLD coins like the Krugerand, American Eagle, and Canadian Maple Leaf are easy to buy and trade. Each is a troy ounce of GOLD. You can buy them at any coin shop for $25 over the market. Over the last five years they have gone from $500 each to over $1,000.
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