Search Interest in Bullion Coins at Lowest Levels in a Year
Google trends is reporting that the interest in the search “bullion coins” is at the lowest level since just before the October 2008 crash. We cannot overstate the message the lack of interest is presenting to the bullion coin collectibles market. In short, less interest multiplies through the coin dealer community, resulting in sudden drops in purchase volume. We notice the sudden increase in email solicitation by dealers trying to drum up repeat business. The chart itself may hold special meaning to Elliott Wavers, perhaps showing we are about to experience a sudden drop off in searches to multi-year lows in a final “Wave 5″ down. We watch and we wait.
July 27th, 2009 at 4:48 pm
Interesting post. Check out the google trends history for “buy gold” and “sell gold” (use the quotes for exact match). A while back I was fiddling with google trends and saw that the spike for “buy gold” corresponded with the low, and the spike for “sell gold” corresponded with the all time high.
Crowd source knowledge picked the extremes perfectly.