Sep
5
2014

Gold and Silver Outlook 9-5-2014

Gold and silver managed to rebound a little today as the unemployment report came in weaker than expected. Looking at the one day chart you can see this is all that moved the metals as indicated by the red arrow in the chart below. The dollar also fell by 7 cents after a huge day up yesterday.

The score went from -70 to -60 for gold and silver and they both remain in a very weak downtrend.

I will be writing an article soon about how all the gold bugs that were/are expecting a dollar crash have got it wrong and why and what to expect next.

Gold Chart Spike 9-5-2014

 

9-5-2014 GLD

 

9-5-2014 SLV

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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.