How to Calculate Junk Silver Prices Using Scrap Gold Calculator

Video about how to use the In Gold We Trust  Scrap Gold Calculator to work out the value of Junk Silver




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In Gold We Trust is a Scrap Gold Calculator that gives up to the minute scrap gold prices, junk silver coin values and values of all gold coins

Technical Breakout of Scrap Gold Prices

The last time we looked at this chart we saw how  scrap gold prices bounced twice on the bottom of the wedge. The scrap gold prices has  since broke out of the wedge. Typically the price should continue down quite dramatically. If however it hovers around its current price the we may need to redraw the wedge taking in the lower price. Today however the  scrap gold price dropped below the all important 1174 mark where there was previous strong support.

In Gold We Trust is a Scrap Gold Calculator that offers up to the minute scrap gold prices and values on all gold coins and junk silver coins

Latest Technical Analysis of Scrap Gold Prices July 16th 2010

In the recent technical analysis of  scrap gold prices we were looking at a smaller wedge which broke out to the downside. There is a larger wedge (drawn in above). This is also an ending pattern in the uptrend it is just much larger than the other wedge. A move below 1175 would be the start of a dramatic move downwards in scrap gold  prices - for now. I have also drawn in a trend line which interestingly enough coincides with the bottom line of the wedge. Also the price bounced off the trend line 3 times - one of those times was today. A break below the trend line of  scrap gold prices, the a retrace upwards and the a continuation downward below that level will also indicate a change in direction of scrap gold prices.


In Gold We Trust is an Online Scrap Gold Calculator that calculates up to the minute scrap gold prices and values of all silver and gold coins

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