2
Mar

Current Thoughts 3/2/2017

If you look at the last Current Thoughts and the one before you can see we have had a downturn in mining stocks and gold finally caught up to that and the higher dollar. Lot’s of traders feeling the pain right now but we have caught most of the downturn with your trading service. I won’t even put a link to it here because to be honest, most of you don’t trade and just want to invest in physical gold, but I’ll tell you, you’re missing some great opportunities to profit if you would just open your mind a little bit.

The bottom line for your gold and silver purchases to take off is you need the dollar to fall under 102 and then 100 and a good spurt higher will come when the dollar falls under 99. Then it will fall for a bit, and as things begin to implode everywhere, unfortunately experience a 2009 type episode as the dollar moves higher over 103 and maybe to 120, pushing gold to possibly under 1000, and then gold will take off and never look back.

I explain all this in my book Illusions of Wealth.

We have 5 Fed members speaking tomorrow including Janet Yellen. I can tell you that they will all talk about higher rates which can push gold lower still, but President Trump is not for a stronger dollar and if we get a March surprise and no rate increase from the Fed, gold can shoot up $50 to $100 in one day.

Going to be an interesting month to say the least!

 

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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.