Buy Signals: Gold & Silver
Briefly and to the point, now is the time to add to Gold and Silver. We all know that the Federal Reserve and CNBC have been trying to attract the public back into the NASDAQ. Gold and Silver have corrected, and are giving buy signals. Times in the equity markets are like January 2000. NASDAQ has 300 points of downside risk. INTC earnings are a joke given the multiple on the stock. Do not follow CNBC gurus, as they will lose you money.
Longer Term Chart with Buy
The shorter term chart, which follows, is also confirming the Buy signal in above chart. Next chart is shorter term chart. Also, notice what is missing in above chart. $300. That price level is history and only in our memory. $400 will likely be broken before end of the year. Also, nice to see all those advisors jumping on the Gold and Silver "band wagon."
Shorter Term Gold Chart w/ Buy Signal
The Silver Bulls should be feeling good. Silver ready for another run.
Silver Chart w/ Buy Signal
A lot of people made the mistake of being extremely bullish as metals broke out. Buy only on corrections..
Gold ETFs and Silver attractive.
Long dated options a possibility.
This rally will be one in which to sell Gold mutual funds. They are late and in the same stocks.
Shift to physical metal and ETFs.
We will obviously talk more in next weeks newsletter.
Gold is on the way to over $1,200, and you should be participating!