Pro Investor Who Predicted Today's Turn in Gold Says it Goes Higher from Here

While hoping followers didn’t miss our call that Thursday (post ECB) would mark a good entry point for gold ownership, we’re reiterating today that gold is good to go higher from here. The buildup to the European Central Bank (ECB) meeting drove the euro lower versus the dollar as expected and was a setback for gold. However, yesterday we got a hint in his testimony that Draghi would not add to the ECB’s extraordinary measures today and so gold got clearance to turn upward. Today the ECB did not further act, and the dollar is giving way with gold gaining sharply. I’m suggesting gold goes higher from here on continued dollar decline and increasing concern about the U.S. government shutdown next week. Increasing speculation about the Fed holding off on rate action in October will also serve gold. Thus, gold is good to go higher from here. See the full bullish report on gold here.

Precious Metal Relative	09-24-15 Midday
SPDR Gold Trust (NYSE: GLD)	+2.3%
iShares Gold Trust (NYSE: IAU)	+2.4%
ETFS Physical Swiss Gold Trust (NYSE: SGOL)	+2.3%
iShares Silver Trust (NYSE: SLV)	+2.2%
ETFS Physical Silver Trust (NYSE: SIVR)	+2.4%
Market Vectors Gold Miners (NYSE: GDX)	+6.0%
Market Vectors Junior Gold Miners (NYSE: GDXJ)	+4.7%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)	+16.4%
Goldcorp (NYSE: GG)	+6.3%
Randgold Resources (Nasdaq: GOLD)	+5.5%
Barrick Gold (NYSE: ABX)	+6.6%
Silver Wheaton (NYSE: SLW)	+5.0%
Coeur Mining (NYSE: CDE)	+7.1%

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