Gold was pretty much all over the place trading from Sunday through Monday, first breaking lower then spiking higher to end in the $1,238 range. Still no break higher and we need to look at the dollar for clues.
Silver also moved higher before ending the day below $17, which it needs to stay above for a chance at that higher end of the range of $18 I wrote about in my last article.
The dollar is under 95 and we are still looking at the 94 and 95 range for the clearer picture in the metals to come forward.
My book is back at the editors for 6000 words of additional material and then finally to formatters. For those that are not yet signed up for the announcement, you can do so here: https://illusionsofwealth.com
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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.