It was nice to see gold move above $1,250 again but it needs the dollar to cooperate and move below 100 if it is going to make that run to $1,300.
The good news for gold and why I think a move up for now is in the cards is the fact that one of our suppliers actually ran out of gold bars. This is the first time I have seen a shortage in metals in awhile.
There really isn’t much to say beyond the above. Gold needs to stay above 1250 and dollar below 100 and we can have a little ride higher. We will enjoy any move higher at this point. Tired of the waiting.
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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
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