Rick shares some of his targets for the gold market
Rick joins us today to focus on gold. He is waiting for gold to put in its bottom and has some target prices that he is watching very closely.
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817 sounds too low for me but if it does reach down there a lot of companies will be selling at pennies.
That area could happen long term at next summer.
Shorting tlt has been fantastic also 🙂
Isn’t that what TBT is for?
I’ve been using tlt puts for the last while (though that works also)
Oh Gotcha. Great job. I think (TLT) would be a great ETF for Doc to cover on the next technical analysis video.
Cheers!
There is a lot of buyers of physical on the STREET LEVEL……at today’s price.
ARE THERE ANY SELLERS IN THE MIDWEST RIGHT NOW AT SPOT…..
I havnt bought for a week or two but I just checked ebay, 100 once bars $21 Canadian an once, 10 once $23 Canadian an once and 1 once bars coins are all over the place.
I must say tho, not much out there.
Thanks for the update heathen.
If one is long silver at this point with the possibility that gold will continue lower, is it prudent to sell SLV and wait until the factors point to a rally?
Cash until the trend changes might be wise, a lot of opinions but nobody really knows how far down gold/silver will go, or how long it will take to go back up for that matter.
That’s right no one knows how far the PMs will drop. I have not put money into anything recently. I would like to see some positive moves first.
Maybe I should have held my JDST longer. Heck, I held it for 58 days for 16% profit so what’s a few more days right? Still have a hedge over in NUGT just in case Putin pushes the red button and causes a black swan mushroom cloud.
“….just in case Putin pushes the red button and causes a black swan mushroom cloud.”
Well Jason, at least you’re going into the weekend prepared : – )
Let’s all hope there is no black swan mushroom clouds ever again! Plus I have a softball tourney this week that we would like to finish 😉
funny – hopefully this will be a relaxing non-mushroom cloud weekend.
Good luck in tournament!
Did Rick mean 1097.50, 63 points below now (rather than 163)?
Gold to 1135, 1125 is key,817?
Good news for shorts.