There really wasn’t much action at all in gold and silver today. A little dip to test the $1,150 mark in gold and silver the $15.50 mark. The miners were still acting weak with JNUG down 4.59%, and GDXJ down 1.43% but NUGT was up .43% and GDX up .22%. It seems they are still trying to put in a bottom before a move higher. But the Fed meeting starts tomorrow and by Wednesday we will have our answer as to direction. I see a possible move higher still tomorrow and then a take down maybe after the Fed announcement. The dollar is still above 90 and acting strong. Interest rates on the 10 years still just above 2%.
The stock market continued it’s bullish trend today and was up nicely. This pushed TNA, which I have been leaning bullish and we had a nice 1.71% move up in it today. As such we also got a nice move up in SVXY of 2.37%. Look for this to continue tomorrow with the only real caveat being the Building Permits and Housing Starts data that comes out at 8:30am EST. I do think that the market is predicting the Fed move of no interest rate bump and come Wednesday we may have a “sell the news” day.
UGAZ and DGAZ were non-events again. RUSS and RUSL have small moves with RUSS taking a breather on a strong DOW day.
DWTI was the star of the day once again, closing up 12 points but at one point was up close to 20 points. One could have rode this up on a higher high today for a good 10 points on a trade. That’s 28 points in 4 trading days. After reaching the high of 163.16, DWTI spent the rest of the day trending lower and closed at 154.34. We didn’t trigger a red daily arrow on the chart below, so the trend is still long and buy the dip. After moving up over 60% the last couple of weeks, it may be due for a breather. UWTI can be traded on a higher high tomorrow if we get a reversal.
Tomorrow may or may not give us swings, but I would be flat in TNA and gold mining stocks come Wednesday and let the trend develop. Otherwise you are somewhat gambling.
Gold and Silver Stock Mining Package – Release date shooting for Friday 3/20/2015 – If you are signed up, look forward to an email announcement this week. If you haven’t signed up, read below.
The mining package that we will be offering has been waiting for a release at a time that I feel would coincide with my overall view of gold and silver prices reaching the lower targets I think they can fall too. Many so called experts last year in July thought the miners would take off and next thing you know they broke to lower lows. Some called this latest run up the final fall for the miners. It obviously hasn’t been and I know that’s frustrating for many who are long or have been long for some time. There is a reason why I have been patient with the release of the mining package. There is also a reason why I chose the stocks I did and I’m excited about their potential. The mining package release date will be announced soon. I sent out an email to all who have subscribed recently with an update. If you haven’t signed up, read the following and express your interest.
For those who haven’t signed up; We will be coming out with a mining package where we pick what we believe to be the best mining stocks to buy based on my research the last 8 months. We have been patient in releasing this because of the timing in purchasing these mining stocks can be tricky. We were one of the only one’s who recommended selling mining stocks in September of 2010 when the HUI was trading at 512.56. Much has transpired in the mining industry since that call with many companies disappearing or being taken over. Today many companies are struggling and if we do get a further pullback in the price of gold and silver, more companies will go bankrupt. Knowing which companies have the best opportunity moving forward will be key to you getting returns that we believe will be in the 100% to 500% range, and possibly much higher for some of the miners. This package will be released in the next few weeks and we will announce it on the site.
If you are interested in this Gold and Silver Stock Mining Package let us know by clicking this link below and completing the form.
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
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