Current Thoughts for 2/11/2016

Dollar down, gold up as it flew past 2012 and up over 60 dollars at the high today. Silver also tagged along for the ride. Silver is finding resistance at 16 and gold gave back some by the end of the day too. Part of the reason might be the end of day bullishness in the markets and oil because of a rumor that OPEC was going to tighten supply.

Gold is presently under $1,240, down $8 in Asian trading.

Moving forward, watch for words out of Japan or Europe on ways they can weaken their currency.

I’ll be writing an article this weekend with more on my thoughts on where I think we are headed with gold. Long day today so will keep this one short.

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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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