1811 Capped Bust Half Dollar

1811 Capped Bust Half Dollar

Friday, July 1, 2016

Market Conditions

Fridays bull run was generated by two things. A large buyout offer and end of the quarter window dressing by funds. The market is near tops again and Monday had a continuation but sputtered out. I do not expect much of an upturn generally except Silver and Gold. That is a bull-run waiting to happen and it has had a nice run, it`s the beginning though. With everything else including oil settling into a range Gold and Silver is waiting to really happen.

Natural Gas has nearly doubled so it could settle into a range before long.

Oil could settle into a range also.

The Market is near a top again and indicators are not for much more to the upside.

Gold may have a very nice coming week with Silver having broken thru to a breakout. Just a note with this: These should be long term holds until they double, even then looking back at the huge run both had when silver was $ 9.00 and up, there was a correction after silver hit $ 20.00. It corrected back down to $ 10.00 for a short period then took off to nearly $ 50.00. Said that, if you are out of position it can be tough deciding when to get back in resulting in a missed chance of a huge amount of money to be made. Remember why you bought it in the first place, Economic Conditions, Debt levels and preservation of capital in unprecedented times. World leaders put a band aid on the financial meltdown and it may need a larger one next time.

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