Apologies again for not hitting the “Publish” button for the 11/13 report. Friday gold, silver and the miners started the morning down but took on a life of their own. Gold finished up the day and from the bottom to the top gained over $40 while silver from bottom to the top over $1. Yet the miners couldn’t break Thursday’s …
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16
2014
Gold and Silver Outlook 11-13-14
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: gdx, jnug, nugt, tza, ugaz, uso
Somehow forgot to hit “Publish” on this on Thursday, apologies. Gold and silver languished today even with a report showing U.S. jobless claims increased more than forecast. The miners couldn’t get past yesterday’s highs and JDST broke yesterday’s high and was the star of the day where a trader could be sitting on a $2 gain. As I said in …
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12
2014
Gold and Silver Outlook 11-12-14
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: gdx, jnug, nugt, tza, ugaz, uso
Gold and silver were flat most of the day and the miners broke to new highs then settled below yesterday’s highs. I had said in a morning report I put out that I leaned bullish on them but to keep stops. Was a really tough day to trade them. Professional traders only please. We have three green triangles up for …
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12
2014
Metals can’t seem to get past yesterday’s highs but are trying. I lean bullish for a trade if we break the highs from yesterday but it’s not a clear up day for gold and silver at all so be quick with stops if it reverses. $18.55 high for GDX yesterday, $18.44 now. $12.98 high for NUGT yesterday, $12.86 now. $4.40 …
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11
2014
Gold and silver scores improved to -75 today with an uptick in the metals. The miners did break yesterday’s highs for a trade but then fell below those highs closing lower. There wasn’t an uptick in the GDX, NUGT or JNUG scores. JNUG for example traded up to yesterday’s high of $4.13 three times before finally breaking through and then …
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10
2014
Gold and silver gave back much of what they gained on Friday, and the miners did too in a complete reversal of fortune. Miners The miners didn’t look attractive at all today. Until we get a green triangle on the weekly, it is a risky play to go long. I thought that possibly buying the dip might be good, but …
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9
2014
Gold and Silver Outlook 11-09-14
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: gdx, GLD, Gold, jnug, silver, SLV, trend
Finally a nice day for gold and silver. Was it because the metals were oversold or was it just simply a reversal of pattern before the next leg down? For me it’s simply a reversal of pattern and once this reversal is finished we will test and break the lows moving towards that magic break of $1,000. This is the …
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6
2014
Gold and Silver Outlook 11-06-14
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, gdx, GLD, Gold, jdst, silver, SLV, uso
Gold and silver took a little breather today finishing up a bit but the trend is still negative. Draghi and the ECB kept rates unchanged but his comments about the future weren’t taken too well and the dollar which I mentioned yesterday would test 88 broke above that level. It may now be due for a pullback, but will gold …
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5
2014
Gold dropped to its lowest price since April 2010. Silver got slammed earlier in the morning falling to $15.09 and then bounced up to close at $15.40. The dollar has had a nice run the last week and pis getting close to what I see has some resistance on the monthly chart at 88. It has hit this price and gone …
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4
2014
Gold and Silver Outlook 11-04-14
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: gdx, GLD, Gold, silver, SLV, uslv, uso
Gold and silver managed to stay above the levels I have spoke about the last couple days; $1,160 and $15.68 for silver. The miners, GDX, NUGT and JNUG gave back what they made yesterday and are now approaching once again their 52 week lows. GDX score moved back to -100 and GLD and SLV remained the same as yesterday. I …
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