30
Jan

Current Thoughts 1/30/2017

Gold and silver are poised to move higher, even with a resilient dollar for now and once the dollar moves below 100 on the Index, you’ll see this come into play a bit more.

But what about this national debt approaching $20 trillion? Why isn’t gold higher?

2017-01-30_5-34-32

We still will have one more deflationary smackdown though and for those who may think it can’t happen, I present the following chart which shows you that no all is what it seems when we try to make our historical correlations.

As the national debt goes up, historically, the price of gold has risen. But it seems that after the financial crisis, things changed. We can’t pinpoint exactly what changed (I will in the update of my Buy Gold and Silver Safely book for 2017 that I am taking the chart below from, but we can look at this chart and say what once was is no longer.

2017-01-29_11-43-05

But guess what? The chickens come home to roost when it comes to gold and they always do. Gold will begin at some point here to move up pretty strongly and it would behoove you to buy on any dips that come until you are fully positioned. When the real move comes, you’ll be chasing it otherwise.

 

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About Doug Eberhardt

Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534

Disclosure:

Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.

All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.