With banks paying very little interest these days, investors have been seeking out ways to earn more than the paltry less than 1/2 percent that banks are paying on savings. The Federal Reserve has kept interest rates artificially low, hurting those seniors and other savers who don’t trust the stock or bond market with their nest egg. But some of …
Read MoreMar
12
2014
We Are Not Off to the Races Yet With Gold
By: Doug Eberhardt
Category: Gold
Tags: Bank of Japan, Banks, Credit Contraction, Deflation, Dollar, Draghi, ECB, EURO, fed, fiscal stimulus, Future, Gold, Inflation, Interest rates, price, shadow banking, Shinzo, silver, Treasuries, YEN
Gold has had a nice bounce now off the bottom set in December of 2013, but are we off to the races just yet? Here is what I wrote last month where I concluded “we could go higher from here for a bit to trap more of the bulls who say the bottom is in.” We should start to see …
Read MoreFeb
5
2014
The Awful Truth about Mutual Fund Managers and Hedge Fund Managers Performance
By: Doug Eberhardt
Category: Gold
Tags: 12b-1, Annuities, commission, fees, Gold, hedge funds, index, invest, load, managers, mutual funds, no-load, performance, returns, S&P 500, silver, variable
The following is an excerpt from my forthcoming book, “Illusions of Wealth” with an update on my thoughts about gold and silver to follow. The Awful Truth about Mutual Fund Managers and Hedge Fund Managers Performance Why are you invested in actively managed mutual funds? Many of you who invest in Mutual Funds were probably told to buy them because …
Read MoreJan
16
2014
Unlike most gold dealers, I don’t spend all my time writing articles that call for a dollar crash or that hyperinflation is around the corner. I could do that and probably get more people to buy, but I would rather present the data as I see it and call the markets better from a short term perspective as well. The …
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 MoreDec
30
2013
As I pointed out in my last article, I expected continued selling of gold by the big boys; the Hedge Funds, Mutual Funds and Professional traders and they didn’t disappoint. The largest ETF; SPDR Gold Shares (GLD) saw an outflow of 12.9 metric tons last week. From Kitco; Holdings of gold by SPDR Gold Shares (GLD), the world’s largest exchange-traded …
Read MoreDec
21
2013
Why Gold and Silver Will Break to New Lows and Tax Moves to Capitalize Upon
By: Doug Eberhardt
Category: Gold
Tags: 2014 predictions, budget, Capital Gain, congress, deficit, GDP growth, GLD, Gold, Illusions of Wealth, national debt, new lows, sell gold, sell silver, silver, SLV, Taper, tax loss selling, Taxes, We the Serfs
We have seen the perfect storm come down on gold and silver this past week with the Fed taper, Congress agreement on the budget for two years and higher than expected GDP, but there is another reason why gold and silver prices are falling. This stems from the year-end tax moves that the big players in the precious metals market; Hedge …
Read MoreNov
7
2013
The results of the Fed decision came in. No taper. But the stock market sold off that day and so did gold. Why? The answer may be found in the following article posted at CNBC where they state; “but markets interpreted language in the decision to mean that the end may come sooner than expected.” If markets and price action tell …
Read MoreOct
16
2013
The Federal Reserve – Lender and Buyer of Last Resort
By: Doug Eberhardt
Category: Gold
Tags: BOE, Buyer of Last Resort, Central Bank, Dodd, ECB, Federal Reserve, Frank, Gold, Lender of Last Resort, QE
Can the Federal Reserve save the U.S. economy from failure? Is this their mandate? When you research “lender of last resort (LLR),” which is what the Fed is supposed to be, you mostly find the source to be Walter Bagehot’s Lender of Last Resort Doctrine. This doctrine came about from Bagehot’s book, Lombard Street: A Description of the Money Market. Hartley Withers, in …
Read MoreSep
27
2013
Gold and Silver Are Insurance against $17 Trillion of National Debt and More
By: Doug Eberhardt
Category: Gold
Tags: allocation, buy, debt, Dollar, dollar cost average, Federal Reserve, Gold, government, insurance, Interest rates, liabilities, national, note, silver, trillion, unfunded
Gold and Silver Are Insurance Against $17 Trillion of National Debt Investing in physical gold and silver is not a profit driven investment. It is a mindset. It gives investors the same type of peace of mind that protects their wealth they receive by insuring their home, auto or health…just in case something happens where they need it. What other …
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