Gold and Silver Current Thoughts 11-16-2015

With all the turmoil going on in the world, gold started the Asian trading up nicely, but by the time Obama spoke and calmed the markets about sending in troops on the ground in Syria, after being asked 4 times the same question on his foreign policy decisions in Turkey at the G20 meeting, he was adamant not to do it and gold fell the rest of the day.

The stock market took it as good news and despite a shaky start, ended up nicely.

All is not well in the world though and I think we’ll see that in the coming months. I don’t know what can stop the issues with ISIS except more bloodshed for many more on both sides. With the refugee situation causing more concern at many borders, including Poland who decided not to accept any refugees, it’s a desperate time for many who are involved.

With France now bombing targets in Syria, you’ll see more and more civilians injured or killed and the results of this action will unfold live as we witness probably more retaliations from relatives or others who have a radical agenda. To reframe their thinking won’t be easy and it will take the killing of many more innocents to destroy their plans unfortunately.

If things do get worse I wouldn’t really want to be long any foreign stock markets and I think there could be some carryover into the U.S. markets. How gold will react is still to be seen but today’s fallback because of the Obama calm instilled shows some real weakness. But it is still managing to hold above that $1,080 resistance.



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.