Minimize

Welcome!

Rick shares some of his targets for the gold market

July 10, 2015

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.

Click download link to listen on this device: Download Show

Discussion
18 Comments
    Jul 10, 2015 10:05 AM

    Gold to 1135, 1125 is key,817?
    Good news for shorts.

      Jul 10, 2015 10:30 PM

      817 sounds too low for me but if it does reach down there a lot of companies will be selling at pennies.

        Jul 10, 2015 10:03 PM

        That area could happen long term at next summer.

    Jay
    Jul 10, 2015 10:16 AM

    Shorting tlt has been fantastic also 🙂

      Jul 10, 2015 10:45 PM

      Isn’t that what TBT is for?

        Jay
        Jul 10, 2015 10:00 PM

        I’ve been using tlt puts for the last while (though that works also)

          Jul 10, 2015 10:04 PM

          Oh Gotcha. Great job. I think (TLT) would be a great ETF for Doc to cover on the next technical analysis video.

          Cheers!

    Jul 10, 2015 10:28 AM

    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…..

    Jul 10, 2015 10:44 AM

    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.

      Jul 10, 2015 10:15 PM

      Thanks for the update heathen.

    Jul 10, 2015 10:59 AM

    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?

    Jul 10, 2015 10:16 AM

    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.

      Jul 10, 2015 10:21 PM

      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.

    Jul 10, 2015 10:19 PM

    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.

      Jul 10, 2015 10:07 PM

      “….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 : – )

        Jul 10, 2015 10:23 PM

        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 😉

          Jul 10, 2015 10:07 PM

          funny – hopefully this will be a relaxing non-mushroom cloud weekend.

          Good luck in tournament!

    Jul 13, 2015 13:33 AM

    Did Rick mean 1097.50, 63 points below now (rather than 163)?