Gold and silver have one more trip lower this week and we’ll soon be off to the races over $1,300 again. This is your week to buy the last dip for a bit. We’ll have to watch the dollar for a bounce to confirm one more trip lower.
We do have Fed minutes this week which might boost the dollar a bit and add some hopium to the markets with your typical Fed euphoria for higher rates. We also have 6 Fed member speaking on Monday and Tuesday, so yeah, they are out in force. But come Friday we get what Fed Chairman Janet Yellen calls “noisy” data in GDP and once again we’ll see if GDP is showing any growth or not as it just hasn’t been coming. Why the markets are not falling more is beyond me, but they should start declining soon.
Give gold a week to take off and then buckle up for a bit.
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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