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 MoreNov
15
2012
In Part 1 of Turning Paper Into Gold I wrote about the flaws of some ETFs like GLD that are really a proxy to gold, but not actually ownership of gold. In other words, it’s paper gold. The real question that Part 1 asks is, do you trust the ETF to redeem your shares when the prospectus is so full …
Read MoreNov
14
2012
Turning Paper Into Gold Part 1
By: Doug Eberhardt
Category: Gold
Tags: Banks, derivatives, ETF, GLD, Gold, insured, J.P. Morgan, prospectus, silver, SLV
I have seen many more investors coming to us, saying they are selling their gold (GLD) and silver (SLV) ETFs and wanting to buy physical gold and silver. What would be there reasoning to do so? One reason is that gold and silver ETFs should be viewed as trading vehicles and not counted as real wealth ownership. Here is what …
Read MoreNov
8
2012
I noticed quite a few hits on my site for the search term “Glenn Beck and gold” this morning, which means Glenn Beck is using the fear of what an Obama election can bring to America in getting investors to buy gold from the gold dealer that he recommends and gets paid to recommend. By clicking here you will find …
Read MoreOct
9
2012
Senior Portfolio Manager Case Against Gold Is Flawed
By: Doug Eberhardt
Category: Gold
Tags: case against gold, Dollar, Government Spending, perception, stock valuation, Zacks Investment Management
I have been known to criticize advisors, gurus, and journalists, CNBC and others over the years and their constant bashing of gold. Now that gold has started to rebound off of its most recent lows, it seems these gold haters are coming back and voicing their case against gold. Each time they do this, I will write a rebuttal. Just …
Read MoreSep
22
2012
When the Euro was imploding earlier this year the dollar was the main beneficiary. With all the problems coming from countries like Greece, Portugal, Italy and Spain, the dollar was flew past 80 on the index and the Euro was in fact approaching its mid-2009 lows in the 118/119 range, an area I thought it would reach. But a funny …
Read MoreSep
18
2012
In 2010 I openly challenged Gerald Celente’s call for the “Crash of 2010.” When I revisited this crash non-event at the end of 2010, I predicted that 2011 would be a good year for stocks. It was as U.S. stocks out-shined the world as being one of the only markets higher that year with the DOW moving 5.5% higher as …
Read MoreSep
11
2012
Stock Market Bubble and QE3 Surprise
By: Doug Eberhardt
Category: Gold
Tags: 10 year treasury, Baltic Dry Index, Bernanke, Economy, Fed meeting, Federal Reserve, low interest rates, QE3, stock market bubble
Bernanke is getting his wishes without doing anything. The stock market is in la la land, moving higher today on false consumer confidence hopes based on a Democratic Convention push that has caused consumers to believe the political rhetoric coming from the convention will magically turn this economy around. Richard Russell has called this market action “crazy,” which leads me …
Read MoreSep
5
2012
Marc Faber, author of the Gloom, Boom and Doom Report, came out today on King World News and repeated his mantra about how our government may some day confiscate gold. I like Marc Faber and have quoted him on my site a few times. However, when it comes to his comments about potential confiscation and what the government may …
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