Gold trading today reminded me of a song growing up by Maxine Nightengale; Right Back Where We Started From. Many who are holding gold and silver at higher prices are wishing they got back to where they started from. Unfortunately before we get there, at least according to this analyst, we need to have one more washout. Why one more? Because I think that will take us to the levels I have been calling for and that would be $850 – $1,000 in gold which would put silver around $12. My ideal prices for writing my all in article is $900 gold and $12 silver.
These are numbers I have picked out of a hat but there is strategic analysis that has me calling for these prices. I will of course explain this in the article but in the meantime I have done all I can to give you the same indicators I follow and so far those indicators haven’t let me down.
The dollar stayed under 96 which I still think is the number one indicator you should watch. You can see from the bounce below what’s holding gold back at present.
I’d like to take this opportunity to open up for questions and have you send those questions to me via email; info@buygoldandsilversafely.com
These questions can be about gold, silver, product, analysis, dollar, Fed, interest rates, inflation, deflation, banks, economics, stock market, bond market, China, anything you want. Also, if there is anything you think I am missing from my analysis you would like to see, feel free to suggest. I want this information you read to be the best and I feel I do have most of the answers to your questions.
For the most part I have pre-supposed all of your questions and will be answering them in my next book, “Illusions of Wealth.” If you haven’t signed up for the announcement of this book you can do so here: https://illusionsofwealth.com
I will put the list together and follow up with a future post with the questions and my answers.
Thank you!
Related posts
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.