Mar
27
2016

Current Thoughts for 3/27/2016

Gold is down to  $1,212 in Asian Trading and seems like it wants to touch the major $1,200 resistance before a bounce. I am not a fan of gold breaking above $1,280, the last high, but anything is possible. We are closer to breaking lower now than higher but will not futures are up 8 point and gold has been trading with the market of late.

I will note once again the dollar is up and gold lower and naturally favor this inverse relationship over any other giving us a direction in gold that is closer to overall trend. That trend is higher dollar and lower gold. Let’s keep that foremost in our minds.

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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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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.

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