There really hasn’t been much to say the last 2 weeks in gold. It’s not like I can make something up to tell you to buy, but I can say that buying the dip is always a good time to add to your allocation.
Gold is trying to move up but may stall out Friday and have one more last leg lower to the $1,250 level or just below. There I would be a buyer of gold and silver.
The dollar has a move up to 96 still in it and USD/JPY to just over 115.
We also need sentiment in the teens and we’re not there.
Gold’s next leg up should get us to the 1375 level by first part of next year. Then one more severe trip lower and then all in. Finally.
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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