24
Jan

Current Thoughts for 1/24/2016

Gold and silver a little bit up over their resistance levels of $1,100 and $14 in Asian trading.  Dollar is down 13 cents to 99.47. Gold and the dollar still acting opposites of each other of late and we have to see now if the dollar continues finally past that 100 mark or if we give gold one more chance to have a move on a temporary dollar decline.

We have seen oil move up with the dollar and I don’t expect that to last neither do I expect gold to stay for long above $1,100 before finally breaking the $1,050 level and silver below $13.50.

Fed meeting this week so expect some volatility as the Fed has some egg on their face with raising rates too soon (something I called when I said this raise in December would be one and done).

For now I’ll call it like I see it in all markets. I’ve been doing my ETF Leveraged Research Services now for a few months and the reviews have been coming in. You can check them out here: http://seekingalpha.com/author/doug-eberhardt/research/reviews

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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.