Gold Prices Evening Out, $1429.13/OZ

on April 24 2013 9:19 AM
Canadian, Austrian gold coins
Canadian, Austrian gold coins Mike Segar/Reuters

Gold prices are once again evening out to $1,429.13 an ounce. Investors are swooping in to buy gold and significantly lower prices to make a bundle once the prices of gold evens out out.

Although this significantly helps investors who are buying today, it doesn’t help those investors who bought at gold’s peak price. Instead, they are being “short squeezed.” This occurs when investors are forced to buy back gold at significantly higher prices, thus being squeezed out of the market because they took such a heavy loss when the prices plunged.

Gold prices change every day, sometimes significantly and others times minuscule. What was once a steady upward trend, is now hit or miss. In turn, this causes some investors a great deal of money, while other investors are making out like bandits.

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