We still have a downward move in metals before the next move higher. Going a little slower than I thought but bottoming processes are like that. Also a mixed signal today with the dollar lower and gold lower.
For traders a little patience will pay off. For longer term investors a lot more patience as I have said I think we get a bounce in gold for now over $1,300 then a big fall then a huge move higher.
Markets overall seem toppy right now too.
Platinum is getting killed which is interesting.
China gets back to trading tomorrow and that might shake things up.
Everything lining up for a Fed Rate hike it seems. This may be the last one for the next year in my book.
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
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