From the Trading Desk Despite the long weekend coming up in the US in celebration of July 4th, gold traded with decent volume today on the Comex electronic exchange. Better than expected US employment figures contributed to gold trending lower for the third day in a row. Surprisingly, Greece defaulting on its payment to the International Monetary Fund has done …
Read MoreJan
14
2014
Will Gold Fall Below the 1980 Peak of $850?
By: Doug Eberhardt
Category: Gold
Tags: $850, AAPL, bullish, GLD, Gold, hedge fund, high, HLF, hunt brothers, low, managers, manipulation, market makers, NFLX, price, professional, trader
When seeing what Market Makers and Hedge Fund Managers can do with stocks as they have with Apple (AAPL), Netflix (NFLX) and Herbalife (HLF), could we also see the Professionals push gold lower to break the 1980 high of $850 and hear the financial media declare the gold bug dead? How would the pro gold crowd react to such a move? Is this scenario out …
Read MoreJul
23
2013
Conversation with Axel Merk on Gold and Euro at FreedomFest – Merk Funds
By: Doug Eberhardt
Category: Gold
Tags: Axel Merk, currency, Dollar, EURO, Gold, manipulation, Merk Funds
Last week I was at FreedomFest in Las Vegas and met many who are influential in the advising of what investors should do with their money. I met hedge fund manager and author Jim Rogers, Steve Forbes, editor-in-chief of business magazine Forbes, John Stossel and Sentator Rand Paul. I gave each of them the currency I created called the Barackazillion, …
Read MoreDec
18
2012
Why Gold and Silver Prices are Declining Along with Dollar
By: Doug Eberhardt
Category: Gold
Tags: Banks, clock, debt, EURO, Federal Reserve, Gold, manipulation, price, silver
Today we saw gold and silver take a big hit. Normally this would be the result of a stronger dollar, but the dollar also took a big hit today. So what’s really going on here? Why are gold and silver prices falling along with the dollar of late? I wrote the article Thoughts On Gold Price Manipulation the day before …
Read MoreDec
11
2012
Thoughts On Gold Price Manipulation
By: Doug Eberhardt
Category: Gold
Tags: clock, debt, dimon, Federal Reserve, GLD, Gold, J.P. Morgan Chase, manipulation, price, S&P 500, silver, Stock Market
Something doesn’t add up. On the one hand we have sales of gold American Eagle coins soaring as well as inflows into the 14 U.S. listed precious-metal ETFs like GLD, rising by more than $282 million last week. Yet from the graph below we see the price of gold in the last month and year time-frame has actually turned …
Read MoreMay
12
2011
Buying The Dip In Silver and More Conversations With CFA’s And Bubble Forecasters
By: Doug Eberhardt
Category: Gold
Tags: buy silver, CFA, manipulation, mass psychology, quantitative easing, Seeking Alpha, Silver bubble, Silver buying the dip
Is silver a bubble? Or did we just experience a blow-off top from the highs a few weeks ago? This article is derived from a conversation I had recently in replying to an article on the financial website Seeking Alpha written by CFA, Michael A. Gayed called Silver: From First to Worst. I always enjoy my conversations with Michael as …
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