When I wrote my last article, Don’t Buy Gold Now, Wait Until It’s Under $1,000, it naturally received the type of attention I expected. I didn’t have an obvious agenda to sell gold to those who read the article, so one can’t accuse me of having a bias because I do sell gold for a living. So why would I write such an article?
This article will go into more detail on what I see coming for gold and help investors see what I see.
When I wrote that last article for Seeking Alpha, the price of gold opened the next trading session at $1,211 and spent the entire month of April below that figure. It took until the middle of April for gold to muster a run to $1,225 and today we are sitting at $1,186, just $28 from the looming November 5, 2015 low of $1,158.
I could write an article every day on gold like Kitco and other sites do, but you’ll see that in the 6 years I have been writing for Seeking Alpha, I have only written 50 articles with this being my 51st. It is only traders who are concerned with the day to day moves of gold, but it is long term investors who would like to know when they should begin or add to their allocation to gold.
I do write my Current Thoughts 5 days a week for traders and investors. I take the data that I see, analyze it for what it is, and provide my take on how it may affect gold.
This was an exclusive article written for the financial site SeekingAlpha.com and you can continue reading it here:
http://seekingalpha.com/article/3216906-once-gold-breaks-below-1158-then-what
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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.