Sep
18
2014

Gold and Silver Outlook 9-18-2014

While stocks break to new highs, gold and silver are still in a strong downward trend and today gave us no indication the pain is over. While all scores remained the same for GLD, SLV and GDX at -100, -100 and -70, it was still a topsy turvy day with jobs numbers coming in good but the Philadelphia Fed Manufacturing Index came in lower and U.S. Housing starts fell 14.4% showing deflation is still in control.

Gold hit a 3 month low one week ago and hasn’t really looked like its found a bottom yet. The same goes for silver. The miners are hanging in there though and have not yet hit a 3 month low.

9-18-2014 GLD Chart

GLD Chart

9-18-2014 SLV Chart

SLV Chart

9-18-2014 GDX Chart

GDX Chart

Go To Buy Gold And Silver Safely Store
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.