Current Thoughts 5/2/2017

It’s a given no hike tomorrow. I want to know who believes their nonsense about a June hike “based on the data.” The market will make them look like fools I think.

Sell the “non-event” news I think which means markets fall and gold rises with miners which are leading gold right now. 65% say rate hike in June ( I say no way) and if for some reason that 65% falls after the Fed. I also think they are off on their forecast for future rate hikes.

Apple’s earnings were good but revenues were not and shipping of units fell. Markets will open lower tomorrow.

Lots of data coming out pre-market too, so know your risk.

Gold and silver are perfectly poised for a post-Fed move higher. Dollar lower.

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About Doug Eberhardt

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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