Are You a Gold Buyer or Seller?

Sean Brodrick

When it comes to finding winning investments in gold, silver, oil, gas and other natural resources for my subscribers, I rely on a trusted handful of technical and fundamental indicators.

But nothing gives me a better read on the economy, which always has a BIG influence on day-to-day trading activity, than opening up my e-mail and seeing what readers like you are saying.

Not surprisingly, thanks to the massive buying opportunity we’ve gotten in gold recently, many of your questions are about the famous yellow metal.

Be it gold bullion (bars and coins), gold miners, gold ETFs and other gold stocks, nothing seems more intriguing … or more confusing … than knowing when and how to buy or sell this popular precious metal.

However, what does surprise me from time to time is how many of you aren’t shy about giving me YOUR take on where the yellow metal is going. (If you haven’t already done so, I’ll give you a chance in just a moment to share your predictions and find out how you can get my in-depth answers to some of your most-pressing questions about gold!)

You know that I like gold and invest in it myself. Of course, I like it best when I can get it on sale … like it is right now.

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Why I Love the Yellow Metal,

But Not Always its Market

Many people look to gold as a safe haven when the markets go haywire. Lately, the stock market has made new highs, while gold has tumbled.

But for a longer-term investor, that doesn’t make gold less valuable. If anything, it tells me to take advantage of the variety of ways to own gold (including paper gold) because it will ultimately cost more to not have any exposure to it!

I like having dollars in my pocket — the more the better. I’m a capitalist — I LIKE capital. But I’m also acutely aware that while paper currencies come and go, the value of gold is eternal.

Gold will hold its value in this world long after our bones turn to dust. That’s why Wall Street despises it.

To mom-and-pop investors, gold is a real store of value; to budding entrepreneurs, gold shines with freedom.

But to the cowards who rule the corridors of power, gold is a warning that the illusions, manipulations and degradations they force upon the weak cannot last forever.

That’s why gold generates so much discussion among investors.

It’s not that there’s much question about the long-term value of the metal. It’s just how much manipulation might be happening in the broader markets and in the currencies with which we trade them … and how much patience you have to put up with it … that keeps everyone guessing.

As reader Steve P. from Maynard, Mass., recently commented, quite astutely I might add, on the Uncommon Wisdom Daily blog:

“Gold is a barometer of how the people of the world feel about the world economy. Gold does not generate dividends … has no balance sheet … and you cannot even see how much of it is being bought and sold since so much of it is between parties who do not want to be known, including certain countries and banks.

“Since some gold that is still in the ground is even sold at undisclosed prices that were established years ago, it is very hard to determine what the price of gold will be.”

With that in mind, let me ask you this: In the near term …

Are You a Buyer or a Seller?

When it comes to where to put your hard-earned money where it can work its hardest on your behalf, you have some tough questions to answer about timing, pricing and which investing vehicles best fit your needs before you decide to buy or sell.

Here’s the current picture in gold …

(Updated chart)

Gold hasn’t looked this oversold since 1999, as measured by Relative Strength, which leaves plenty of room for optimism. But remember, the bears are looking at charts, too, and this is how gold looks to them:

(Updated chart)

Looking at the chart, you can see that gold is up against two kinds of overhead resistance. One is from the 20-day moving average, which is often seen as a dividing line between short-term bullish and bearish trends.

The other is the gap between where gold opened on April 12 and where it opened on April 15. Bears will think (probably correctly) that there could be gold buyers trapped there, and so it will take significant effort to get gold over that level.

This would explain why the Commitments of Traders report for gold at the New York Mercantile Exchange’s Commodity Exchange (COMEX) shows small speculators’ net long positions are at their lowest levels in ages (see chart).

In other words, the small traders/general public is the LEAST BULLISH ON GOLD since 2001 — when gold was coming off a 20-year bear market.

Where Do YOU Think Gold is Heading Next?

We just released our new investor survey, and the responses are already pouring in.

Over 42% of our readers think that gold’s recent pullback was caused by market manipulation …

And over 79% of our readers think the dollar is doomed in the long term, and they’re buying gold to hedge against the coming inflation.

In fact, Steve already gave me this prediction:

“Gold prices will swing based on fear and greed but, long term, gold  will rise with inflation. As for when to buy, a certain smart man said it would be a waste of time to wait.”

Do you agree? Disagree?

I want you to have every advantage possible when it comes to building your wealth and protecting it while it grows. And the best way I can do that is to know where you stand and what you need to know to make the best investing decisions possible.

My special investor survey is easy, fun and takes literally seconds. When I receive your answers, I will automatically reserve a place for you at my upcoming gold presentation. Click here to share your gold outlook with me today!

All the best,

Sean

Your thoughts on “Are You a Gold Buyer or Seller?”

  1. Right now , the trend in PM’s has rebounded slightly , but no bear is without a sucker’s rally or dead cat bounce . Long term I believe gold will explode upward , but when ? Black Swan events are unforeseeable , but the global monetary mess is very evident . How quickly might it unwind ?
    In the meantime it seems prudent to be a trend follower in other areas preparing for the final bottom . It is possible that many juniors will have credit crises and be gobbled up for pennies on the dollar (based on reserves in the ground ) by the majors before this rout is over .

  2. I believe gold won’t move appreciably higher until after the unsettled nature of the world economy becomes generally/widely understood and people begin to believe stability lies ahead.

    Today,, the world economies are in turmoil and people, including myself, are not optimistic about their futures so we tend to be more cautious than we probably need to be. So we need time to achieve economic stability. But stability WILL come, only I don’t know when. My guess is in about 3 – 5 years. At that point, the value of gold will be less speculative and its true valuation in currencies respected by people and governments will be recognized. My forecast is that gold will end up tripling in value at that time.

  3. Larry reckons the collapse was due to deflation and money flows. He seems to have proved right so far when everyone else was buying. I sold half of mine but did not have the courage to short it..
    I guess that puts me sitting on the fence!

  4. Gentlemen:

    Everyone knows, that “in the know of course” that the big guys working together, however it is done, computerwise or otherwise controls the stock market, plus he federal reserve etc. its no place for the
    “little guy” of course, ow or foreveer, despite the guys that “make a living off the little guy who always gests
    scalped one way or another”, some are lucky of course, but most lose out! Gold was manipulated big time recently how Larry Edelson “devised that is “his business”; he was right on the target of course! What does all this mean? it means that the “big fish to “survive” must swallow the little fishes! and who are the “little fishes” we are! what’s the solution? The wisest people in “this restricted field loaded “with thieves of all sorts primarily “white collar thieves”, were the “originals: The House of Rothschild, they refused to support the “white collar thieves” only bought “when blood was running down the streets” – if everyone did that, the whole wall street industry and its cohorts, would be “out of business” in no time at all. Why support the brokers and their buddies? not for the Roththilds “they were just to wise to do that~

  5. While gold is eternal and there is no scarcity, silver is mostly consumed by industry and medicine and is therefore not recoverable. This makes silver so valuable that it’s price may soon equal or even exceed
    that of gold. There is already a shortage of purchasable investment grade silver. Only the manipulating
    short-sellers of “paper” silver are suppressing the price.

Comments are closed.

Sean travels far and wide to seek out small-cap values in the natural resource sector. His journey started in New England. As a youth he worked on Mt. Washington, on the cog railroad that runs to the summit.