These charts show the trends (data from Google Trends) from Google Searches (worldwide) that were done for the keywords "Silver Price" and "Gold Price".
The theory being when the most people are looking up the price of silver or gold, this could be a contrary indicator for when silver and gold may be topping out or making a bottom. Or in other words, this could be a good indicator for trend changes in the price of gold and silver.
Searches on Google for the key words "gold price" surged and topped out near the end of 2008 and has been declining steadily ever since.
Searches on Google for the key words "silver price" topped out in early 2008 and then made another spike in late 2008. Since then they have been declining ever since.
Silver and Gold price searches on Google seem to be making a bottom around the 1.00 level.
The price of silver reached $21.44 U.S. in early 2008 while the google trend indicator was peaking.
The price of gold peaked out at $1033.90 on a weekly close around that same time.
Interestingly, both search terms had spikes in late 2008 with gold having it's largest search spike then. This was at the same time that both metals were putting in bottoms on the charts.
So now it looks to me like we are on the verge of a new breakout in gold and silver prices based on the number of searches by the public on Google compared to the current prices of gold and silver.
The way I see it is this. Right now, the public is not searching for the terms "Gold Price" and "Silver Price" which shows me that they are not interested in gold and silver.
At the same time, gold is getting close to $1000.00 U.S. per ounce and silver is knocking at the door of of U.S. $15.00 per ounce.
With prices of gold near all time highs and no search interest from the public, maybe it is time for a price run up while the public is not interested or not invested.
Silver Prices Searched
