The Fed will make their announcement this week on interest rates and everyone knows they will raise rates. Gold has not sold the news yet but I expect it to this week. Maybe it just wants to wait for the actual announcement though. Gold mining stocks however took the Friday Unemployment report as a sign to move higher. I think …
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7
2017
Current Thoughts 3/7/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: correction, demand, ounce, price, silver, US Mint
From the Trading Desk Since failing multiple times at its 200 day moving average, gold has trended lower and has fallen in its last four consecutive trading sessions. Fed rhetoric from multiple officials is pointing towards the increased likelihood of a rate hike next week. The combination of a technical failure at the 200 day moving average plus this chatter …
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5
2017
Current Thoughts 3/5/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: fed, Gold, Interest rates, March 15, Yellen
Now that Janet Yellen’s comments about raising rates are more adamant than ever, we see how the dollar took the speech on Friday by heading south and gold hitting a short term bottom and moving higher. Could it be a medium term bottom? Possibly. If we don’t break a lower low on Monday, then odds are we never even hit …
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2
2017
Current Thoughts 3/2/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, fed, Gold, Illusions of Wealth, trading, Trump
If you look at the last Current Thoughts and the one before you can see we have had a downturn in mining stocks and gold finally caught up to that and the higher dollar. Lot’s of traders feeling the pain right now but we have caught most of the downturn with your trading service. I won’t even put a link …
Read MoreFeb
28
2017
Current Thoughts 2/28/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: bar, coin, silver, support, USD Index, weak
From the Trading Desk Gold failed to move higher through its 200 day moving average for the third consecutive day and closed on its lows today. The Dow faltered, finishing slightly lower after trading up in eleven of the last fourteen trading sessions. And treasuries fell after two Federal Reserve officials indicated that a rate rise may occur as soon …
Read MoreFeb
26
2017
Current Thoughts on the Metals and Markets for Monday 2/27/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver, Gold
Tags: ETF Trading Service, free, metals, sample
Today you get a free sample of the ETF Trading Service report I just wrote which recaps our trades on Friday and sets us up for trading on Monday. It also talks about the precious metals market in-depth. Enjoy! and if you are interested in profiting in up and down markets, you can sign up for a 2 week free …
Read MoreFeb
22
2017
Current Thoughts 2/22/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: candidate, Dollar, EURO, fed, French, LePen, Trump, Yellen
Gold and silver started the day breaking lower and especially the miners, and once the Fed minutes were released, shot up higher. Metals are going to benefit from a possible weaker dollar now so we’ll let that scenario play out thanks to the Fed and I think Donald Trump putting some pressure on them. Why else would they mention a weaker …
Read MoreFeb
21
2017
From the Trading Desk After the long weekend in the US, the Dow Jones made all-times yet again, the USD moved higher, and gold somehow managed to hold onto its footing fairly well. Commodity Futures Trading Commission (CFTC) data showed on Friday that speculative net Comex longs in gold fell by 9%. This reduced bullish positions to a four week …
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15
2017
Gold had a sharp downturn below 1220 and then popped right back up and we have to look at this as bullish. The dollar spent most of the day falling but ironically gold couldn’t push past the 1235 mark which we’ll look at as resistance until we can climb over. Silver is trying still to lead the way so keep …
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13
2017
Current Thoughts 2/13/2017
By: Doug Eberhardt
Category: Current Thoughts on Gold and Silver
Tags: Dollar, strong, testimony, Trump, Yellen
From the Trading Desk With the USD on the offensive and the Dow Jones reaching all-time highs yet again, the precious metals slid lower to kick off the week. Trading conditions were muted and gold managed to hold above its 100 day moving average at $1,220 for the second day in a row. This is clearly the short term level …
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