Gold took a trip higher today with silver as the dollar fell for most of the day. The dollar has been range bound since the Brexit vote and you’ll see gold move the opposite direction of which way it breaks over or under the purple lines in the chart below.
Until we break those lines the metals should be range bound from a micro perspective. I am still predicting a deflationary bust and yes, the data does back this up, especially from a global perspective. Of course it takes about 400 page to explain this but after reading my book I think you’ll also be tempted to run out and buy gold because most of the points I make in the book dictate investors having some insurance that only gold provides (and naturally silver).
I caught one mistake in the book where I wrote a section and included a graph within the paragraphs but used the same graph at the end of the section, so I had to replace that duplicate graph with another one. Luckily the additional graph makes that section even better. I am thinking the book should be out by the 25th of July.
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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.