In lieu of Current Thoughts for 4/18 I have written an article exclusive for Seeking Alpha.
Enjoy The Gold Bull While You Can
http://seekingalpha.com/article/3965745-enjoy-gold-bull-can
Summary
Dollar is still the driver for gold.
Commodities are still in a downward trend and haven’t broken out.
Global financial stability risks will bring some currencies down and boost the dollar.
I know there will be some who disagree, but the current gold bull run is nothing more than a rebound in commodities overall as a weaker dollar has taken center stage. Enjoy it while you can.
In the article I point out that gold can still move up to the $1,300 to $1,400 level with the dollar moving lower temporarily, but that we are still destined for lower prices because of the coming deflationary contraction. Watch for the next moves in currency wars coming from Japan and Europe through the action of Shinzo Abe and Mario Draghi. This will be the signal of a reversal in the dollar and gold.
The article was released on Sunday 4/17.
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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.