Gold and silver are moving up slowly and the USD/JPY moving down slowly. No real reason to come here every day and report micro moves. Gold is going past $1,300 next move and silver past $18. From there more than likely higher.
USD/JPY will break 109 and then probably 100 at the same time.
But let’s get through the Japanese monetary statement and interest rate decision this week and see what the USD/JPY does.
Loving the price action so far in metals though. Gold over $1,241 is the next confirmation of the bull. USD/JPY under 112.30. Then for gold we can look at the $1,294.40 level for the next move above $1,300 on its way to $1,400.
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About Doug EberhardtDoug 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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