We’ve had a nice whirlwind in the gold market but guess what? The metals have reacted almost perfectly inverse to what the dollar is doing. If you had a crystal ball as to what the dollar was doing, you could “trade” the metals in and out quite well. But most of us buy and hold metals and my advice is still to this day to dollar cost average into a position.
I was interviewed by Brian Bain over at Seeking Alpha for an upcoming Podcast first part of next week. I’ll let everyone know where they can listen to it. I enjoyed the interview and we covered the metals market quite well.
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About Doug EberhardtDoug 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.