Short-Term vs Dollar Cost Averaging
Although most investors base their purchasing decisions on both the short-term and long-term charts, there are still some investors who primarily use the shorter-term price charts. These investors analyze the shorter-term gold price charts and silver price charts to guess which way the gold and silver prices may move in the next few days to make their investment decisions. Experts do not recommend this shorter-term process because it is difficult to accurately predict the market and its high-frequency trading can cause bigger losses on the investor's part.
A longer-term investing plan, often referred to as dollar-cost averaging, is when an investor makes consistent investments at regular intervals over a longer period of time. As previously mentioned, it is extremely difficult to predict Gold and Silver market movements so consulting both short-term and long-term Precious Metals price charts as well as making consistent investments is the best way to guarantee you average fair pricing. Dollar-cost averaging is the most efficient and effective way to protect your Gold and Silver investments over time.
Whichever investment strategy you choose, paying mindful attention to prices like the live silver spot price will equip you with the knowledge to make informed investments.
The prices above are pulled from the Globex, an Internet platform that is one of the world’s major precious metals exchanges. The Globex trades 24 hours a day, from Sunday evening 6:00 pm EST to Friday evening at 5:15 pm EST, with a 45-minute “reset interval” Mondays thru Thursdays from 5:15 pm EST to 6:00 pm EST.
The “time” of the Live Prices is noted just below the gold price. Click the refresh button in the URL to update prices, which can change by the second.
Prices for the gold and silver products that CMI buys and sells are calculated using Globex prices. For CMI prices of gold products see Gold Bullion Prices. For CMI prices of silver items, see Silver Bullion Prices.
A popular feature that CMI Gold & Silver Inc. offers is the emailing of Daily Prices shortly after the traditional closing times of the NYMEX (New York close). Subscribing to Daily Prices is a convenient way to keep track of precious metals prices and to their trend. But, there are still more benefits to receiving Daily Prices.
Along with the prices come notices of new posts to Bill’s Blog, where Bill Haynes, a forty-four year veteran of the precious metals markets, blogs about the markets, economic events and social developments that affect the metals markets. Further, there are links to reviews of books that should be of interest to precious metals investors. To start receiving Daily Prices via email, enter your email address in the sign-up box found at the top of this page.
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The third email service we offer is notification that our Specials Page has been updated. Maybe only two or three notices are sent to this list over twelve months. You can visit our Gold Specials page or our Silver Specials page at any time to see what’s available.
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