Gold is moving up a bit, but the dollar is still over 103 and was actually up today. The jury is out on whether we have bottomed this time or now. We need gold to move over 1150 then 1200 and the dollar to fall under 102 then 100 for a chance at a run.
There may not be any real moves higher though till mid-January.
Meanwhile the markets seem like they want to break DOW 20,000 still so we might have to wait for that to occur before a run in gold begins when investors start selling stocks.
Not much else to report during this quiet holiday time.
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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