The dollar took off a bit higher today moving up over 30 cents and gold fell $10. I’m still thinking we have a little move higher in gold from a very micro point of view. I wouldn’t mind seeing the $1,300 mark broken to trap some last minute bulls before the rug is pulled out from under them.
It has been a good run in the gold and the miners and when I had my ETF Trading Service up and running which by the way will be up and running again and I’ll notify everyone. But the nightly report I put out turned bullish on miners first in late January while confirming on the monthly in February and we are still showing strength to this day.
Gold is up $e.eo to $1,247.50 in Asian trading. Silver is still showing some strength and up 7 cents to 15.92, but still under that $16 resistance. Gold needs to move past $1,280 first and we’ll see if it can break $1,300.
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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