12
Jan

Gold and Silver Current Thoughts 1-12-2015

In yesterday’s Current Thoughts I made the following observation on mining stocks;

Right now we are moving higher and that is the trend. Buy the dips or go long until the daily arrow turns red. This has been the trade since Dec. 31, 2014 when when JNUG first turned green on the weekly.

Today we saw JNUG up 15.87% to $41.25 after opening at $36.98 and reaching a high of $42.47. One could have bought the open and had a nice trade. The same could have been said for the more conservative plays GDXJ and GDX. They’ve had a nice run.

JDST on the other hand hit a 52 week low of $7.80 and closed at $8.16. Keep an eye on JDST still for a higher high throughout the day as when it hits, it may be a great trade and possibly develop into a swing trade. In the meantime, the trend is still higher for gold and silver, but the $1,230 – $1,235 mark for gold is offering up some resistance.

Silver is still a laggard, acting more like deflation is affecting it as with oil and natural gas which were both again lower today.

We’ll see what tomorrow brings for the metals and keep dollar cost averaging into the physical in the meantime.

UGAZ hit another 52 week low closing at $3.44 while DGAZ I said would be a trade if over 8.11. It opened at 8.12 and could have been bought and closed at 8.73, a 7.5% increase over the open and 15.94% over yesterday’s close.

Oil had another down day to close at 45.49 and perhaps 45 is the level it might bounce off of. UWTI hit another 52 week low and is now trading under $3 at $2.95.  6 months ago it was trading close to $37.

TZA (+1.12%) and TNA (down 1.08%) didn’t do much today with the Dow down 96 and S&P down 16. The Nikkei is presently down 369 points or 2.07% and this may lead to a lower open by the time Europe and U.S. markets open. I am still in the buy the dip camp thinking we will see TNA approach 80 again. I just see better plays in other ETFs with more probability however. Either way, just play the higher high and see what develops.

Gold and Silver Stock Mining Package

We will be coming out with a mining package where we pick what we believe to be the best mining stocks to buy based on my research the last 8 months. We have been patient in releasing this because of the timing in purchasing these mining stocks can be tricky. We were one of the only one’s who recommended selling mining stocks in September of 2010 when the HUI was trading at 512.56. Much has transpired in the mining industry since that call with many companies disappearing or being taken over. Today many companies are struggling and if we do get a further pullback in the price of gold and silver, more companies will go bankrupt. Knowing which companies have the best opportunity moving forward will be key to you getting returns that we believe will be in the 100% to 500% range, and possibly much higher for some of the miners. This package will be released in the next few weeks and we will announce it on the site.

If you are interested in this Gold and Silver Stock Mining Package let us know by clicking this link below and completing the form.

Gold and Silver Stock Mining Package

 

1-12-15 GLD Chart

1-12-15 GLD Chart

1-12-15 SLV Chart

1-12-15 SLV Chart

1-12-15 GDX Chart

1-12-15 GDX Chart

1-12-15 GDXJ Chart

1-12-15 GDXJ Chart

1-12-15 JNUG Chart

1-12-15 JNUG Chart

1-12-15 NUGT Chart

1-12-15 NUGT Chart

1-12-15 JDST Chart

1-12-15 JDST Chart

1-12-15 DGAZ Chart

1-12-15 DGAZ Chart

1-12-15 UGAZ Chart

1-12-15 UGAZ Chart

1-12-15 TZA Chart

1-12-15 TZA Chart

1-12-15 USO Chart

1-12-15 USO Chart

1-12-15 UWTI Chart

1-12-15 UWTI Chart

 

 

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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

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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.