Recently I was quoted in an article on Bloomberg News. It was a quote from 2012 when I wrote an article about the election in 2012 and Glenn Beck recommending a terrible gold company to buy gold from. It is a title of an article I will mock in the future as a sign of the bottom for gold and silver prices. The article was; This Christmas, Be Grateful You Didn’t Put All Your Money in Oil and Gold
Glenn Beck has been wrong about gold and I’ve been right. Stick with gold companies who don’t profit from selling you high priced coins that sell you gold coins from high price commission companies. There is a method to how they make money. Ask the dealer that is recommending these numismatic or collectible coins they want to sell you how much they will give you for them at the same spot price if they were to buy them back from you. You’ll see that the commission are 15% to 30%.
Buy gold and silver from us at 1% over our cost. No more. If you don’t understand the precious metals market then please take a look at my book Buy Gold and Silver Safely.
Oil perking up. UCO may be a good play.
TZA I like if it trades at a higher high.
It’s cold and UGAZ is more attractive. Take profits and keep stops.
Gold and silver both opening down a tad. Might be a slow week with the end of year selling by mutual funds and others at an end.
12-28-14 GLD CHART
12-28-14 SLV CHART
12-28-14 GDXJ CHART
12-28-14 GDX CHART
12-28-14 JNUG CHART
12-28-14 UGAZ CHART
12-28-14 DGAZ CHART
12-28-14 UWTI CHART
12-28-14 USO CHART
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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.