Just a few thoughts on what I am seeing this morning. I like TNA over 72.90 as I am still bullish on the stock market and TZA hit resistance again close to $14. Now you have two ways to trade it, long or short. Long is the better play for more profit if it comes IMO. I like DGAZ over …
Read MoreDec
11
2014
The dollar did indeed bounce higher today and the metals didn’t follow through to higher highs but took a breather. Same goes for the miners. I did buy the dip under $3.00 on JNUG and rode it up for a little profit but JNUG couldn’t get going to one of those break out 10% plus days so I sold with …
Read MoreDec
10
2014
I like the headline about gold from Bloomberg today; Gold futures decline as oil slump sparks deflation concern. As many of you know, I have been warning of deflation for quite some time, and I also predicted it in Chapter 4 of my book Buy Gold and Silver Safely. At some point this deflation will turn into inflation, but simply …
Read MoreDec
9
2014
Nice day for gold and silver! In yesterday’s Current Thoughts I made the following comments; “If you haven’t traded JNUG long yet, and as long as gold stays above $1,200, then JNUG I think is still worth a shot tomorrow over 3.34 with stops.” “Keep an eye on the dollar and if it breaks below 89 then unlike last week …
Read MoreDec
8
2014
Gold is still flirting with the $1,200 mark opening up below it and then rallying to go above before giving $5 back and settling in at $1205. Silver followed the same path. JDST was the morning play when it broke to a higher high over $19.45, It went just over $22 and then broke down to close at $18.46. At …
Read MoreDec
5
2014
Gold and Silver Outlook 12-05-2014 Morning Update
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, EURO, gdx, Gold, jnug, silver, ugaz, uso
JNUG is close to its 52 week low of 2.84 in pre-market trading. It will be doing a 1:10 reverse split soon and even though gold has not broke to new lows, it looks like the red triangles that triggered yesterday, along with gold breaking below $1,200, is setting us up for the march toward $1,000 that I have been …
Read MoreDec
4
2014
Gold and Silver Outlook 12-04-2014
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: congress, dgaz, gdx, gdxj, Gold, jdst, jnug, national debt, silver, trillion, ugaz, uso
In today’s morning report I said I was somewhat bullish on gold. The dollar was getting hammered but gold was pretty flat all day and the miners just couldn’t get it going. Tomorrow may be a different story as long as gold can move above $1,208. I do still think the risk versus reward is on the side of being …
Read MoreDec
4
2014
Gold and silver are flat to up so far this morning but the miners haven’t yet followed through. The risk vs. reward for a long is still there with a fall below $1205 in gold as a stop. JNUG is 3.50 as I type, the low of the day. JDST would have been a good play from the break of …
Read MoreDec
3
2014
Gold finally managed to move past the $1,200 mark today and is now trading $79 off of its low established Nov. 7th. The weekly green triangle has given its signal that it’s safe to go long the metals now and that should make the miners move higher at the same time. The miners however seem to be stuck in a …
Read MoreDec
2
2014
Gold retreated today giving back much of what it gained yesterday and falling again below the $1,200 resistance. It tried to move over but just couldn’t stay there. Silver fell to $16 before rebounding and has been slightly stronger than gold. Both GLD and SLV remain with the weekly triangles green dictating that buying the dip risk versus reward is …
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