Julia Cordova, the founder of Cordovatrades.com, says she is turning long-term bullish on precious metals, like gold, after recent price rebounds. “Gold prices can certainly go down in the short-term, but I do see this dual long-term potential building,” she said. “Ultimately, if gold can get back above $1,913 and close there on a monthly basis, I have a long-term technical target all the way to $2,750.” In other news, a recent study estimates that the median retirement savings of baby boomers is only $202,000.

Kitco News/Neils Christensen
If gold can close Dec. above $1,850 it can go to $2,750 says technical analyst

The gold market has started December on a strong note with prices hitting their highest level since mid-August as prices push above $1,800 an ounce. Although the precious metal needs to reach another significant milestone, one analyst says there is substantial bullish potential brewing in the marketplace.

In a recent interview with Kitco News, Julia Cordova, founder of Cordovatrades.com, said that she is starting to turn long-term bullish on the precious metal after the price bounced off its lows below $1,640 an ounce in the last three consecutive months.

She added that on the Monthly chart, the price action is forming a significant long-term bull flag.

You can read the full story, here.

CNBC/Jeff Cox
Key inflation measure that the Fed follows rose 0.2% in October, less than expected

Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday.

The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5% from a year ago. The monthly increase was below the 0.3% Dow Jones estimate, while the annual gain was in line.

The gains also represent a deceleration from September, which saw a monthly increase of 0.5% and an annual gain of 5.2%.

You can keep reading, here.

MoneyWise via Yahoo Finance/Brian J. O’Conner
Here’s how much the typical baby boomer has saved for retirement — how do you stack up right now?

The 71.6 million men and women of the postwar baby-boom generation started hitting retirement age eight years ago. But it’ll be another dozen years before the whole generation has reached its full retirement age.

So just how is retirement shaping up for the generation that went from Woodstock and Watergate to iPhones and Instagram?

A new survey from the Transamerica Center for Retirement Studies estimates that the median retirement savings of boomers totals $202,000. That might sound like a respectable amount of cash, but that produces just $8,080 a year, or $673 a month.

In many cases, that money gets nibbled away by income tax, too. With that in mind, here are three proven strategies baby boomers might want to seriously consider to bolster their retirement nest eggs.

Read the full story, here.

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