DID FED CHAIR YELLEN JUST GIVE A BUY SIGNAL ON GOLD AND SILVER? $GLD $SLV $GDX $GDJX $DUST $NUGT

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DID FED CHAIR YELLEN JUST GIVE A BUY SIGNAL ON GOLD AND SILVER? $GLD $SLV $GDX $GDJX $DUST $NUGT

One of the most important signals to buy gold and silver in the recent years might have just occurred. My long term readers know that I gave a signal to backup the truck and buy silver at $17.73 before the big run to $50. Then I gave a signal to sell all of the silver at $48.50.  I also gave a backup the truck signal to buy gold in the $600 range with an average of $663 before a run to $1904.  Then I correctly gave a signal to sell half of the gold at the exact top at $1904 and put a stop on the remaining at $1750, subsequently gold fell to the $1000 range.

The New Signal

I am always on the lookout for the next opportunity to backup the truck and buy gold and silver

Let us explore the new signal and see if it is a backup the truck signal.

The Fed Chair Janet Yellen has just talked about running the economy hot. A hot economy will inevitably lead to inflation.

Conventional wisdom is that inflation is good for gold and silver.

Eye Opening Chart

Gold has certainly kept up with inflation over hundreds of years. However, most investors do not have hundreds of years; at most they have a few decades.

Let us look at a long-term chart comparing gold to inflation.

Please click here for a long-term chart of gold vs. inflation.

The chart should be an eye opener for most investors.  As it shows that there have been long periods of time in recent history when gold did not keep up with inflation.   For this reason, any new investments in gold at this time have to be tactical and not strategic…Read more at Kitco

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