Today we had gold pullback again which is what I said it might do on the Real Talk San Diego show I was on yesterday. If you haven’t had the opportunity to listen to it yet, you can do so by going here:
The first 19 minutes is small talk before getting into the nitty gritty of what I think about gold and the economy. I think you’ll hear in my voice my conviction on things.
The dollar rose today and gold fell with silver. This has been a perfect correlation of late but we are in a range that we can’t break out of. Which way it will break right now is unknown, but I do think we are closer and closer to a top.
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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.