Gold and silver managed to rebound a little today as the unemployment report came in weaker than expected. Looking at the one day chart you can see this is all that moved the metals as indicated by the red arrow in the chart below. The dollar also fell by 7 cents after a huge day up yesterday.
The score went from -70 to -60 for gold and silver and they both remain in a very weak downtrend.
I will be writing an article soon about how all the gold bugs that were/are expecting a dollar crash have got it wrong and why and what to expect next.
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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