We finally got to the $1,310 level I was looking for in gold and have had a little pullback. Everything going to plan and you can see why it doesn’t make sense to write about the gold market every single day and still have a plan come together. Sure, there are day to day news, economic data, North Korean missiles, that can hurt or help gold, but the big picture right now is gold to $1,400+ and I am sticking with it through thick and thin.
The stock market hasn’t rolled over yet. Interest rates are falling as planned and dollar falling but we still need the USD/JPY to crash more to the 100 level.
Everything else you hear is noise. Expect some pullbacks along the way because nothing goes straight up.
For those that don’t know, I have clients for my ETF Trading Subscription Service that are doing quite well. A couple of them up over $100,000 this year so far and many who are up 33% on their accounts so far this year. Since August 9th through August 29th, you can see with the following link how we have done. I challenge any of the so called guru’s to have done better. I have weeded out with my Trading Rules all the things that can hurt us and we concentrate on doing one thing; taking profit. You can see the results by clicking here. We do offer a 2 week free trial and it is a type of service that can be utilized with your own IRA.
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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
Disclosure:
Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.
All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.