Gold was down early with the dollar up big this morning and then the dollar spent the day falling and gold went green by end of day. Silver was a little more bullish all day and looks like it may want to move up here soon.
The Fed is meeting this week for another interest rate decision or as I put it, another “talk the talk” of raising rates fakeout. Some of us are tired of the Fed and I think the market will be after this meeting of the minds and telling us that everything is going to plan when since the last rate hike it clearly has not.
Is there a crash imminent in the market? Maybe.
The dollar is also set up to move lower. This can for the short term push metals higher.
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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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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.
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