Current thoughts 8/29/16

Gold and silver started the day lower in Asian and European trading and kept moving higher throughout the morning. The key point here though is they are hitting lower lows which shows weakness. Watch the $1,300 level to be broken next as another nail in the short term gold strength coffin.

But what is the real reason for gold and silver falling of late? The answer is the dollar moving higher, which I have in the kindest of ways been insinuating still matters as you know I have remained a dollar bull while trying to call the micro point of view to you all.

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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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