In yesterday’s Current Thoughts I said the dollar looked somewhat overbought and I think today we hit the near term high of 98. For the Fed minutes I said yesterday; “we may get some “sell the news” that can help gold move higher,”
It looks as if gold is poised for a bounce after the thrashing it has had. Silver will follow on golds coattails for now. The dollar is still your key here but I just think we have had a nice run and now a pullback is needed in the dollar and bounce in gold before we get our one last smack down that yes, is still on the horizon.
There are some who talk about gold and are always bullish. You know who they are. There are few who call the micro view with any accuracy. But we do it all the time with our ETF Leveraged Trading Service where trades from yesterday got us 10%, 5% and 5% in one day (3 separate trades). For the life of me I don’t know why some of you don’t try the service out for the 2 week free trial. You can do so by signing up below.
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
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