Metals can’t seem to get past yesterday’s highs but are trying. I lean bullish for a trade if we break the highs from yesterday but it’s not a clear up day for gold and silver at all so be quick with stops if it reverses.
$18.55 high for GDX yesterday, $18.44 now.
$12.98 high for NUGT yesterday, $12.86 now.
$4.40 high for JNUG yesterday, $4.37 now.
Gold $1,164.70 and Silver $15.64 for reference.
I didn’t mention UGAZ yesterday, but it fell then and is falling again today. A bounce higher might be caught with a trade so keep it on your radar. It’s at $15.21 now.
TZA should be on your radar too for a swing trade. It’s at $13.33 now and screenshot below was taken at 13.38. Should get a reversal soon. See one month chart below.
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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