Current Thoughts for 4/7/2016

Gold is up $15 this morning after dollar fell below the 95 mark on the Dollar Index in the last 24 hours, but is actually up at present .15 to 94.64. Remember, gold most always tends to catch up to what the dollar is doing and micro moves don’t really matter.

Finishing up my book (still) and not much to talk about with the metals market except that we are still in a range that has to be broken one way or another. Gold can’t seem to break $1,200 or $1,280 and silver meanders up and below $15. Personally it doesn’t matter to me which way it breaks still as I do think we move lower with the deflationary credit contraction.

We should start to see the stock market begin to move lower soon and it should fall with the contraction I have been calling for. This includes gold mining stocks.

I would begin dollar cost averaging out of all “long the market” stocks at this point and look to short the market ETFs for either trades or possible week or two holds (at least the leveraged ones). We just need some sort of catalyst to take us lower and it can come from so many places right now. Expect it. Heck, even Greece is getting mentioned again which I have been saying would happen.

Making money in the markets isn’t easy but I do believe anyone can with the right understanding of what’s really happening in the world. Stay tuned.



Go To Buy Gold And Silver Safely Store
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


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.