Gold up 7 to 1253.30. Silver up .20 to 16.82. JNUG bidding 19.35. USD/JPY fell below 111.90 overnight and back to 112.20 and now falling to 112.08. Still one to watch IMO. But dollar down .29 to 95.89. That’s pretty big news. Break below 93.05 would get gold going finally. Next support for the dollar if we break below 93.05 doesn’t come until 88.15. That would be a big boost to gold and I would expect it to hit some multi year highs during that run. Gold can move up a decent amount very soon.
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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