Current Thoughts 8/9/2017

After a little down trip and a test of some lows, gold has taken off again and we can thank President Trump for his fire and fury comments towards North Korea. Just what the doctor ordered.

From here we’ll have some volatility still but gold is headed to over $1,300.

The only thing we are waiting on is a break down in the USD/JPY under 109.55.

The dollar may indeed go up during this run in gold as a flight to safe haven’s is in place. This means money will flow to Treasuries, gold and the dollar.

How much more rhetoric will come from the Trump administration we should know by Sunday, but you should be all in gold and silver at the moment.


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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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